Guideline Value for BAJANAI KOIL STREET (CHOOLAIMEDU)

Bajanai Koil Street (Choolaimedu) guideline value

The current guideline value of Bajanai Koil Street (Choolaimedu) is Rs 5,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village and falls under the Kodambakkam SRO, classified as Residential Class I Type - I.

How the guideline value of Bajanai Koil Street (Choolaimedu) has changed

The guideline value for Bajanai Koil Street (Choolaimedu) has undergone several revisions over the years. In the 2007 revision, the guideline value was Rs 1,650 per sq.ft, which saw a significant increase to Rs 5,300 per sq.ft in the 2012 revision, marking a change of +221%. The most recent revision in 2024 set the value at Rs 5,800 per sq.ft, reflecting a +9% increase from the 2012 figure.

There are no figures available for the years 2002, 2003, 2017, and 2023 in the register for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +252%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO, with 2024 guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value is Rs 5,800 per sq.ft, making the guideline value of Bajanai Koil Street (Choolaimedu) equal to this median.

• Bajanai Koil Street(Puliyurpuram): Rs 5,800 per sq.ft (2024)
• Bakthavachalam Colony 1st Street: Rs 5,800 per sq.ft (2024)
• Bakthavachalam Colony 2nd Street: Rs 5,800 per sq.ft (2024)
• Bajanai Koil New Street (Choolaimedu): Rs 5,800 per sq.ft (2024)
• Bajanai Koil I St Cross Street: Rs 5,800 per sq.ft (2024)
• Bajanai Koil East Street: Rs 5,800 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Koil Street (Choolaimedu)

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 58,00,000. The stamp duty at 7% amounts to Rs 4,06,000, and the registration fee at 2% is Rs 1,16,000, bringing the total to Rs 5,22,000. Please note that 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 details.

Which Sub Registrar Office covers Bajanai Koil Street (Choolaimedu)?

The Sub Registrar Office that covers Bajanai Koil Street (Choolaimedu) 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 plays a crucial role in property transactions in Puliyur. It is used to determine the stamp duty and registration fees payable at the time of registration, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is considered alongside the sale price. The higher of the two values is used to calculate the applicable duties and fees, which are mandatory for completing the registration process.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street (Choolaimedu)?

The current guideline value of Bajanai Koil Street (Choolaimedu) 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 from Rs 1,650 per sq.ft in 2007 to Rs 5,300 per sq.ft in 2012, and then to Rs 5,800 per sq.ft in 2024. The overall increase from 2007 to 2024 is +252%.

What is the land classification for Bajanai Koil Street (Choolaimedu)?

Bajanai Koil Street (Choolaimedu) is classified as Residential Class I Type - I according to the guideline value register.

Where can I find the Sub Registrar Office for this area?

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

What is the range of guideline values in Puliyur?

The guideline values in Puliyur range from Rs 3,300 to Rs 14,300 per sq.ft, with the median value being Rs 5,800 per sq.ft, which is the same as the guideline value for Bajanai Koil Street (Choolaimedu).