Guideline Value for BAJANAI KOIL 3RD STREET

Bajanai Koil 3rd Street guideline value

The current guideline value of Bajanai Koil 3rd Street is Rs 5,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Bajanai Koil 3rd Street has changed

Since the 2002 revision, the guideline value for Bajanai Koil 3rd Street has experienced significant changes. In 2002, the value was Rs 857 per sq.ft, which rose to Rs 941 per sq.ft in 2003, marking a 10% increase. By 2007, the value surged to Rs 1,400 per sq.ft, reflecting a 49% increase from the previous revision. The 2012 revision saw a substantial jump to Rs 5,300 per sq.ft, a remarkable 279% increase from 2007. The latest revision in 2024 set the guideline value at Rs 5,800 per sq.ft, which is a 9% increase from 2012.

It is important to note that the register has no figures for the revisions in 2017 and 2023 for this street. Overall, from 2002 to 2024, the guideline value has increased by 577%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that have 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 for Bajanai Koil 3rd Street.

• Bajanai Koil 3rd Lane: Rs 5,800 per sq.ft (2024)
• Bajanai Koil 4th Street: Rs 5,800 per sq.ft (2024)
• Bajanai Koil 5th Street: Rs 5,800 per sq.ft (2024)
• Bajanai Koil 2nd Street: Rs 5,800 per sq.ft (2024)
• Bajanai Koil 6th Street: Rs 5,800 per sq.ft (2024)
• Bajanai Koil 7th Street: Rs 5,800 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Koil 3rd Street

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, resulting in a total of Rs 5,22,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Bajanai Koil 3rd Street?

The Sub Registrar Office that covers Bajanai Koil 3rd 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 is a critical factor in the registration process when buying or selling property in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to ensure that the transaction is in accordance with the legal framework, helping to prevent undervaluation and ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Bajanai Koil 3rd Street?

The current guideline value of Bajanai Koil 3rd Street is Rs 5,800 per sq.ft, as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 857 per sq.ft in 2002 to Rs 5,800 per sq.ft in 2024, reflecting an overall increase of 577% over the years.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 58,00,000, the total fees would amount to Rs 5,22,000.

Which office handles registrations for Bajanai Koil 3rd Street?

The Kodambakkam Sub Registrar Office handles registrations for Bajanai Koil 3rd Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

Are there other streets with the same guideline value in Puliyur?

Yes, there are several other streets in Puliyur that share the same guideline value of Rs 5,800 per sq.ft for 2024, including Bajanai Koil 2nd Street, 3rd Lane, 4th Street, 5th Street, 6th Street, and 7th Street.