Guideline Value for BAJANAI KOIL 2ND CROSS LANE

Bajanai Koil 2nd Cross Lane guideline value

The current guideline value of Bajanai Koil 2nd Cross Lane is Rs 5,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, classified as Residential Class I Type - I.

How the guideline value of Bajanai Koil 2nd Cross Lane has changed

The guideline value for Bajanai Koil 2nd Cross Lane has seen several revisions over the years. In 2007, the value was Rs 1,400 per sq.ft, which increased significantly to Rs 5,300 per sq.ft in 2012. This figure remained unchanged until the 2023 revision, where it was again Rs 5,300 per sq.ft.

The most recent revision in 2024 has raised the guideline value to Rs 5,800 per sq.ft, marking a 9% increase from the previous year. Overall, from 2007 to 2024, the guideline value has increased by 314%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with the 2024 guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, which is equal to the current guideline value of Bajanai Koil 2nd Cross Lane.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 5,800 per sq.ft, the total guideline value would be Rs 58,00,000. The stamp duty at 7% would amount to Rs 4,06,000, and the registration fee at 2% would be Rs 1,16,000, 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 2nd Cross Lane?

The Sub Registrar Office covering Bajanai Koil 2nd Cross Lane is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during property registration in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the buyer must pay the stamp duty based on the higher value between the guideline value and the actual sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bajanai Koil 2nd Cross Lane?

The current guideline value of Bajanai Koil 2nd Cross Lane 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 changed from Rs 1,400 per sq.ft in 2007 to Rs 5,800 per sq.ft in 2024. There were no changes recorded for the years 2017, 2003, and 2002.

What is the land classification of Bajanai Koil 2nd Cross Lane?

Bajanai Koil 2nd Cross Lane is classified as Residential Class I Type - I under the Kodambakkam SRO.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 58,00,000, the stamp duty would be Rs 4,06,000 and the registration fee would be Rs 1,16,000, totaling Rs 5,22,000.

Where can I find the Sub Registrar Office for Bajanai Koil 2nd Cross Lane?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.