Guideline Value for BAJANAI KOIL 7TH STREET

Bajanai Koil 7th Street guideline value

The current guideline value of Bajanai Koil 7th 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 7th Street has changed

The guideline value for Bajanai Koil 7th Street has undergone several revisions over the years. In 2002, the 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 had significantly jumped to Rs 1,400 per sq.ft, reflecting a 49% increase from the previous revision. The 2012 revision saw another substantial increase, with the value reaching Rs 5,300 per sq.ft, a 279% rise from 2007. The most recent 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 there are no figures available for the revisions in 2017 and 2023 for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, which is equal to the 2024 figure for Bajanai Koil 7th Street.

• Bajanai Koil 6th Street: Rs 5,800 per sq.ft (2024)
• Bajanai Koil 8th Street: Rs 5,800 per sq.ft (2024)
• Bajanai Koil 5th 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 7th 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 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. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bajanai Koil 7th Street?

The Sub Registrar Office that covers Bajanai Koil 7th 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 when buying or selling property in Puliyur. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the government collects the appropriate revenue based on the property's assessed value.

When a property is sold, the guideline value is compared to the actual sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the registration fees reflect the true value of the transaction, providing a standardized approach to property transactions in the area.

Frequently asked questions

What is the current guideline value of Bajanai Koil 7th Street?

The current guideline value of Bajanai Koil 7th 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 increased from Rs 857 per sq.ft in 2002 to Rs 5,800 per sq.ft in 2024, marking an overall increase of 577% over the years.

What is the registration office for Bajanai Koil 7th Street?

The registration office for Bajanai Koil 7th Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

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

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.

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

Yes, several other streets in Puliyur also have a guideline value of Rs 5,800 per sq.ft in 2024, including Bajanai Koil 6th Street, Bajanai Koil 8th Street, and others.