Guideline Value for BAJANAI KOIL 2ND LANE

Bajanai Koil 2nd Lane guideline value

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

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

The guideline value for Bajanai Koil 2nd Lane has seen several revisions over the years. The earliest recorded revision was in 2007, where the value was set at Rs 1,400 per sq.ft. This figure remained unchanged until 2012, when it increased to Rs 5,300 per sq.ft. The 2023 revision maintained this value, but in 2024, it rose to Rs 5,800 per sq.ft, marking a 9% increase from the previous year.

Overall, from the 2007 revision to the current 2024 guideline value, there has been a significant increase of 314%. The revisions for the years 2017, 2003, and 2002 do not have any figures recorded for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a guideline value for 2024, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value in this area is Rs 5,800 per sq.ft, which is the same as the current value for Bajanai Koil 2nd Lane.

• Bajanai Koil 2nd Cross 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 3rd Lane: Rs 5,800 per sq.ft (2024)
• Bajanai Koil 1st 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 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, bringing the total fees to 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bajanai Koil 2nd Lane?

The Sub Registrar Office that covers Bajanai Koil 2nd 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 more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Puliyur. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value to avoid any issues during registration. This helps maintain transparency in property transactions and ensures that the appropriate taxes are collected.

Frequently asked questions

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

The current guideline value of Bajanai Koil 2nd Lane is Rs 5,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased significantly from Rs 1,400 per sq.ft to Rs 5,800 per sq.ft in 2024, a total increase of 314% over the years.

What are the stamp duty and registration fees for property in Bajanai Koil 2nd Lane?

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.

Which office handles property registration for Bajanai Koil 2nd Lane?

The Kodambakkam Sub Registrar Office handles property registration for Bajanai Koil 2nd Lane, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the land classification for Bajanai Koil 2nd Lane?

Bajanai Koil 2nd Lane is classified as Residential Class I Type - I, indicating its suitability for residential purposes.