Guideline Value for BAJANAI KOIL 8TH STREET

Bajanai Koil 8th Street guideline value

The current guideline value of Bajanai Koil 8th 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 it falls under the Residential Class I Type - I land classification.

How the guideline value of Bajanai Koil 8th Street has changed

The guideline value for Bajanai Koil 8th Street has seen significant changes over the years. The earliest recorded revision was in 2007, where the value was Rs 1,400 per sq.ft. This increased dramatically to Rs 5,300 per sq.ft in the 2012 revision, marking a 279% rise. The most recent revision in 2024 set the guideline value at Rs 5,800 per sq.ft, which is a 9% increase from the 2012 figure. It is important to note that the register has no figures for the years 2023, 2017, 2003, and 2002 for this street.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 314%, reflecting the changes in property valuation over the years.

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 for these streets is Rs 5,800 per sq.ft, which is equal to the current guideline value of Bajanai Koil 8th Street.

• Bajanai Koil 7th Street: Rs 5,800 per sq.ft (2024)
• Bajanai Koil 6th Street: Rs 5,800 per sq.ft (2024)
• Bajanai Koil 5th Street: Rs 5,800 per sq.ft (2024)
• Bajanai Koil East Street: Rs 5,800 per sq.ft (2024)
• Bajanai Koil 4th Street: Rs 5,800 per sq.ft (2024)
• Bajanai Koil I St Cross Street: Rs 5,800 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Koil 8th 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, making the total cost for these fees 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 8th Street?

The Sub Registrar Office that covers Bajanai Koil 8th 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 crucial 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 that need to be paid during the transaction. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for ensuring compliance with local regulations and for accurately budgeting the total costs associated with property transactions in the area.

Frequently asked questions

What is the current guideline value of Bajanai Koil 8th Street?

The current guideline value of Bajanai Koil 8th 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 1,400 per sq.ft in 2007 to Rs 5,800 per sq.ft in 2024, representing an overall increase of 314%.

What are the other streets in Puliyur with the same guideline value?

Other streets in Puliyur under the Kodambakkam SRO with the same guideline value of Rs 5,800 per sq.ft include Bajanai Koil 7th Street, Bajanai Koil 6th Street, Bajanai Koil 5th Street, Bajanai Koil East Street, Bajanai Koil 4th Street, and Bajanai Koil I St Cross Street.

What is the registration fee for property in Bajanai Koil 8th Street?

The registration fee for property in Bajanai Koil 8th Street is calculated at 2% of the guideline value. For example, for a property valued at Rs 58,00,000, the registration fee would be Rs 1,16,000.

Where can I find the Sub Registrar Office for Bajanai Koil 8th Street?

The Kodambakkam Sub Registrar Office covers Bajanai Koil 8th Street and is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.