Guideline Value for BAJANAI KOIL EAST STREET

Bajanai Koil East Street guideline value

The current guideline value of Bajanai Koil East Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Uthandi village and falls under the Neelankarai SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Bajanai Koil East Street has changed

The guideline value for Bajanai Koil East Street has seen significant changes over the years. In the 2003 revision, the value was Rs 85 per sq.ft. This increased dramatically to Rs 700 per sq.ft in 2007, marking a rise of 724%. The 2012 revision saw the value remain at Rs 1,500 per sq.ft, an increase of 114% from the previous revision. However, in 2017, the value dropped to Rs 1,005 per sq.ft, reflecting a decrease of 33%. The 2023 revision set the value at Rs 1,500 per sq.ft, which then rose to Rs 1,700 per sq.ft in 2024, a change of 13%.

Overall, from 2003 to 2024, the guideline value has increased by 1,900%. The register has no figure for this street in 2002.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median value is Rs 1,700 per sq.ft, which is equal to the 2024 figure for Bajanai Koil East Street.

• Bajanai Koil West Street: Rs 1,700 per sq.ft (2024)
• Bakkiam Ammal Garden: Rs 1,100 per sq.ft (2024)
• Balaji (Group) Garden: Rs 1,100 per sq.ft (2024)
• Balaram Garden: Rs 1,100 per sq.ft (2024)
• Arumugam/Neelabmbal Garden: Rs 1,100 per sq.ft (2024)
• Beach Road: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Koil East Street

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, the guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, totaling Rs 1,53,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bajanai Koil East Street?

The Sub Registrar Office that covers Bajanai Koil East Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is crucial during property transactions in Uthandi as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations and to calculate the applicable stamp duty and registration fees.

When purchasing property, the guideline value helps in assessing the financial implications of the transaction. It is essential for buyers to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bajanai Koil East Street?

The current guideline value of Bajanai Koil East Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 85 per sq.ft in 2003 to Rs 1,700 per sq.ft in 2024, reflecting an overall increase of 1,900%.

What is the land classification for Bajanai Koil East Street?

The land classification for Bajanai Koil East Street is Residential Class II Type - II.

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

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Which office handles registrations for Bajanai Koil East Street?

The Neelankarai Sub Registrar Office handles registrations for Bajanai Koil East Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.