Guideline Value for BAJANAI KOIL 1ST STREET

Bajanai Koil 1st Street guideline value

The current guideline value of Bajanai Koil 1st Street is Rs 5,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the jurisdiction of the Kodambakkam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Bajanai Koil 1st Street has changed

The guideline value for Bajanai Koil 1st Street has undergone several revisions over the years. In 2002, the value was Rs 857 per sq.ft, which increased to Rs 941 per sq.ft in 2003, marking a change of +10%. The value saw a significant rise to Rs 2,880 per sq.ft in 2007, representing an increase of +206%. The next revision in 2012 maintained the value at Rs 5,300 per sq.ft, showing no change from the previous year. In 2023, the value remained at Rs 5,300 per sq.ft, but in 2024, it increased to Rs 5,800 per sq.ft, reflecting a +9% change.

It is important to note that there is no figure available for Bajanai Koil 1st Street in the 2017 revision. Overall, from 2002 to 2024, the guideline value has increased by +577%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO with a guideline value for 2024 ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value is Rs 5,800 per sq.ft, which is equal to the current value of Bajanai Koil 1st Street.

• Bajanai Koil 2nd Cross Lane: Rs 5,800 per sq.ft (2024)
• Bajanai Koil 2nd Lane: Rs 5,800 per sq.ft (2024)
• Bajanai Koil 1st Lane: Rs 5,800 per sq.ft (2024)
• Bajanai Koil 2nd Street: Rs 5,800 per sq.ft (2024)
• Bajanai Koil 3rd Lane: Rs 5,800 per sq.ft (2024)
• Bajanai Koil 3rd Street: Rs 5,800 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Koil 1st Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 58,00,000. The stamp duty at 7% would be Rs 4,06,000, and the registration fee at 2% would be Rs 1,16,000, together totaling Rs 5,22,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bajanai Koil 1st Street?

The Sub Registrar Office that covers Bajanai Koil 1st Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. To find your SRO, visit find your SRO.

How the guideline value is used when you buy or sell in Puliyur

The guideline value is a crucial factor in property transactions in Puliyur. It is used to determine the stamp duty and registration fees payable during the sale or purchase of property. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations and to avoid any legal issues during registration.

When a property is sold, the sale price or the guideline value, whichever is higher, is considered for calculating the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions based on the established values.

Frequently asked questions

What is the current guideline value of Bajanai Koil 1st Street?

The current guideline value of Bajanai Koil 1st Street is Rs 5,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent increase being from Rs 5,300 per sq.ft in 2023 to Rs 5,800 per sq.ft in 2024, a change of +9%. Overall, from 2002 to 2024, the value has increased by +577%.

What is the land classification for Bajanai Koil 1st Street?

Bajanai Koil 1st Street is classified as Residential Class I Type - I. This classification is important for understanding the permissible uses of the land.

What are the other streets in Puliyur with the same guideline value?

Other streets in Puliyur that share the same guideline value of Rs 5,800 per sq.ft include Bajanai Koil 2nd Cross Lane, Bajanai Koil 2nd Lane, Bajanai Koil 1st Lane, Bajanai Koil 2nd Street, Bajanai Koil 3rd Lane, and Bajanai Koil 3rd Street.

How can I calculate the stamp duty and registration fee for a property?

You can calculate the stamp duty and registration fee for a property by using the guideline value or the sale price, whichever is higher. For detailed calculations, you can use the stamp duty and registration fee calculator.