Guideline Value for BAJANAI KOIL 6TH STREET

Bajanai Koil 6th Street guideline value

The current guideline value of Bajanai Koil 6th 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 is classified as Residential Class I Type - I.

How the guideline value of Bajanai Koil 6th Street has changed

The guideline value for Bajanai Koil 6th Street has undergone several revisions over the years. 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. By 2007, the value saw a significant jump to Rs 1,400 per sq.ft, representing a 49% increase. The value remained at Rs 5,300 per sq.ft from 2012 until 2023, with no change during that period. The 2024 revision brought the value up to Rs 5,800 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 577%. The register has no figure for this street for the year 2017.

Guideline values in Puliyur

In Puliyur village, there are a total of 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 guideline value is Rs 5,800 per sq.ft, which is equal to the current value of Bajanai Koil 6th Street.

• Bajanai Koil 5th 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 4th Street: Rs 5,800 per sq.ft (2024)
• Bajanai Koil East Street: 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 6th 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, 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 and the sale price. You can use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Bajanai Koil 6th Street?

The Sub Registrar Office that covers Bajanai Koil 6th 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 during property transactions 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 that are payable at the time of registration, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, it is essential to be aware of the current guideline value, as it can influence the overall cost of the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Bajanai Koil 6th Street?

The current guideline value of Bajanai Koil 6th 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 from Rs 857 per sq.ft in 2002 to Rs 5,800 per sq.ft in 2024, an overall increase of 577%.

Is there a guideline value for Bajanai Koil 6th Street for the year 2017?

No, the register has no figure for Bajanai Koil 6th Street for the year 2017.

What are the stamp duty and registration fees for a property in Bajanai Koil 6th Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 5,22,000.

Which office handles property registrations for Bajanai Koil 6th Street?

The Kodambakkam Sub Registrar Office handles property registrations for Bajanai Koil 6th Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.