Guideline Value for BAJANAI KOIL 2ND STREET

Bajanai Koil 2nd Street guideline value

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

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

Over the years, the guideline value of Bajanai Koil 2nd Street has seen significant changes. In 2002, the guideline value was Rs 857 per sq.ft, which increased to Rs 941 per sq.ft in 2003, marking a 10% rise. The value continued to increase, reaching Rs 1,400 per sq.ft in 2007, a substantial increase of 49%. By 2012, the guideline value remained unchanged at Rs 5,300 per sq.ft. The 2023 revision also kept the value at Rs 5,300 per sq.ft, showing no change from the previous revision.

From 2023 to 2024, the guideline value increased by 9%, bringing it to Rs 5,800 per sq.ft. Overall, from 2002 to 2024, the guideline value has increased by 577%, reflecting the changes across various revisions. It is important to note that the register has no figure for this street for the year 2017.

Guideline values in Puliyur

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

• Bajanai Koil 1st Street: Rs 5,800 per sq.ft (2024)
• Bajanai Koil 2nd Lane: Rs 5,800 per sq.ft (2024)
• Bajanai Koil 2nd Cross 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)
• Bajanai Koil 4th Street: Rs 5,800 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Koil 2nd Street

For a 1,000 sq.ft plot at the current rate of Rs 5,800 per sq.ft, 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, totaling Rs 5,22,000. It is essential to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bajanai Koil 2nd Street?

The Sub Registrar Office that covers Bajanai Koil 2nd Street 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 of properties in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately according to the prevailing rates.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations associated with the transaction, based on the established guideline values.

Frequently asked questions

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

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

How has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 857 per sq.ft to Rs 5,800 per sq.ft in 2024, reflecting an overall increase of 577% over this period.

What is the stamp duty rate for properties in Bajanai Koil 2nd Street?

The stamp duty rate for properties in Bajanai Koil 2nd Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Bajanai Koil 2nd Street located?

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

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

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