Guideline Value for BAJANAI KOIL 4TH STREET

Bajanai Koil 4th Street guideline value

The current guideline value of Bajanai Koil 4th Street 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 4th Street has changed

Over the years, the guideline value of Bajanai Koil 4th Street has seen significant changes. The 2002 revision set the value at Rs 857 per sq.ft, which increased to Rs 941 per sq.ft in 2003, marking a 10% rise. The value then rose to Rs 1,400 per sq.ft in 2007, reflecting a 49% increase. By 2012, the value remained steady at Rs 5,300 per sq.ft, with no change noted until 2023. In 2023, the value was again Rs 5,300 per sq.ft, before increasing to Rs 5,800 per sq.ft in the 2024 revision, a 9% increase.

It is important to note that there was no guideline value recorded for Bajanai Koil 4th Street in the 2017 revision. 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 carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value is Rs 5,800 per sq.ft, which is equal to the current guideline value for Bajanai Koil 4th Street.

• Bajanai Koil 5th 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)
• Bajanai Koil 3rd Street: Rs 5,800 per sq.ft (2024)
• Bajanai Koil 8th Street: Rs 5,800 per sq.ft (2024)
• Bajanai Koil 3rd Lane: Rs 5,800 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Koil 4th Street

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

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bajanai Koil 4th Street?

The Sub Registrar Office that covers Bajanai Koil 4th 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 further assistance.

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

The guideline value is a crucial factor when buying or selling property in Puliyur, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory during the registration process.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in property dealings. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Bajanai Koil 4th Street?

The current guideline value of Bajanai Koil 4th 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 changed significantly, starting from Rs 857 per sq.ft in 2002 to Rs 5,800 per sq.ft in 2024, reflecting an overall increase of 577%.

What is the land classification for Bajanai Koil 4th Street?

Bajanai Koil 4th Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the registration office for Bajanai Koil 4th Street?

The registration office for Bajanai Koil 4th Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated on properties in Puliyur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for registration fees.