Guideline Value for BAJANAI KOIL STREET (WARD -15)

Bajanai Koil Street (Ward -15) guideline value

The current guideline value of Bajanai Koil Street (Ward -15) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village under the Chengleput Joint II SRO, with a land classification of Residential Class I Type - III.

How the guideline value of Bajanai Koil Street (Ward -15) has changed

The guideline value for Bajanai Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which was followed by a decrease to Rs 402 per sq.ft in the 2017 revision, marking a decline of 33%. In 2023, the value increased to Rs 600 per sq.ft, and the most recent revision in 2024 raised it to Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with the 2024 guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Bajanai Koil Street's 2024 guideline value below this median.

• Bajanai Koil Street (Ward -17): Rs 660 per sq.ft (2024)
• Bajanai Koil Street (Ward -19): Rs 660 per sq.ft (2024)
• Azhahiri Street (Ward -8): Rs 1,321 per sq.ft (2024)
• Ayya Nagar (Sa): Rs 440 per sq.ft (2024)
• Avvaiyar Street (Ward -7): Rs 1,321 per sq.ft (2024)
• Balaji Nagar (Ward -19): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Koil Street (Ward -15)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Bajanai Koil Street (Ward -15)?

The Sub Registrar Office that covers Bajanai Koil Street (Ward -15) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ninna Karai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a value that reflects the local market conditions.

During the registration process, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements and to facilitate a smooth transaction.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street (Ward -15)?

The current guideline value of Bajanai Koil Street (Ward -15) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Bajanai Koil Street (Ward -15)?

Bajanai Koil Street (Ward -15) is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for Bajanai Koil Street (Ward -15)?

The Sub Registrar Office for Bajanai Koil Street (Ward -15) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Ninna Karai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 660 per sq.ft would incur a stamp duty of Rs 46,200.