Guideline Value for BAJANAI KOIL I ST CROSS STREET

Bajanai Koil I St Cross Street guideline value

The current guideline value of Bajanai Koil I St Cross 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 I St Cross Street has changed

The guideline value for Bajanai Koil I St Cross Street has undergone several revisions over the years. The 2007 revision set the value at Rs 1,400 per sq.ft, which saw a significant increase to Rs 5,300 per sq.ft in the 2012 revision, marking a change of 279%. The most recent revision in 2024 has further raised this figure to Rs 5,800 per sq.ft, reflecting an increase of 9% since 2012. It is important to note that the register has no figures for the years 2003, 2002, 2017, and 2023.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 314%, illustrating a substantial growth in the value of this property over the years.

Guideline values in Puliyur

In Puliyur, 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 value among these streets is Rs 5,800 per sq.ft, which is equal to the 2024 figure for Bajanai Koil I St Cross Street.

• Bajanai Koil East Street: Rs 5,800 per sq.ft (2024)
• Bajanai Koil New Street (Choolaimedu): Rs 5,800 per sq.ft (2024)
• Bajanai Koil 8th Street: Rs 5,800 per sq.ft (2024)
• 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)

Stamp duty and registration fee for property in Bajanai Koil I St Cross 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 fees 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bajanai Koil I St Cross Street?

The Sub Registrar Office that covers Bajanai Koil I St Cross 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 determines the minimum value at which the property can be registered, ensuring that the transaction is documented accurately and complies with local regulations.

When a property is bought or sold, the guideline value is used to calculate the stamp duty and registration fees. This means that both buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Bajanai Koil I St Cross Street?

The current guideline value of Bajanai Koil I St Cross Street is Rs 5,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased from Rs 1,400 per sq.ft to Rs 5,800 per sq.ft in 2024, marking an overall increase of 314%.

What is the land classification for Bajanai Koil I St Cross Street?

Bajanai Koil I St Cross Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the registration office for this street?

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

How is the stamp duty calculated for properties in Puliyur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 58,00,000, the stamp duty at 7% would be Rs 4,06,000.