Guideline Value for BAJANAI KOIL 5TH STREET

Bajanai Koil 5th Street guideline value

The current guideline value of Bajanai Koil 5th Street is Rs 5,800 per sq.ft, effective from the 2024 revision. 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 5th Street has changed

The guideline value for Bajanai Koil 5th Street has seen several revisions over the years. Starting from Rs 857 per sq.ft in 2002, it increased to Rs 941 per sq.ft in 2003, marking a 10% rise. The value further rose to Rs 1,400 per sq.ft in 2007, showing a significant increase of 49%. By 2012, the guideline value remained unchanged at Rs 5,300 per sq.ft, and this figure persisted until the 2023 revision. In 2023, the value was again recorded at Rs 5,300 per sq.ft, with no change. However, in the 2024 revision, the guideline value increased to Rs 5,800 per sq.ft, representing a 9% increase from the previous year.

In summary, the guideline value has grown from Rs 857 per sq.ft in 2002 to Rs 5,800 per sq.ft in 2024, which is an overall increase of 577%. It is important to note that there was no figure recorded for this street in the 2017 revision.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value is Rs 5,800 per sq.ft, which matches the current value of Bajanai Koil 5th Street.

• Bajanai Koil 6th Street: Rs 5,800 per sq.ft (2024)
• Bajanai Koil 4th Street: Rs 5,800 per sq.ft (2024)
• Bajanai Koil 7th Street: Rs 5,800 per sq.ft (2024)
• Bajanai Koil 8th Street: Rs 5,800 per sq.ft (2024)
• Bajanai Koil 3rd Street: Rs 5,800 per sq.ft (2024)
• Bajanai Koil East Street: Rs 5,800 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Koil 5th 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, and the registration fee at 2% would be Rs 1,16,000, bringing the total cost for these charges to Rs 5,22,000. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Bajanai Koil 5th Street?

The Kodambakkam Sub Registrar Office covers Bajanai Koil 5th Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Puliyur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the official value of the property for registration purposes. This ensures transparency and fairness in property transactions, as all parties are aware of the official valuation used for taxation.

Frequently asked questions

What is the current guideline value of Bajanai Koil 5th Street?

The current guideline value of Bajanai Koil 5th Street is Rs 5,800 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

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

What are the stamp duty and registration fees for properties here?

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 registrations for Bajanai Koil 5th Street?

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

What is the significance of the guideline value in property transactions?

The guideline value is used to calculate stamp duty and registration fees during property transactions, ensuring transparency and fairness in the registration process.