Guideline Value for BAJANAI KOIL STREET (WARD -17)

Bajanai Koil Street (Ward -17) guideline value

The current guideline value of Bajanai Koil Street (Ward -17) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village and falls 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 -17) has changed

The guideline value for Bajanai Koil Street (Ward -17) has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in 2017. Following this, the value rose to Rs 600 per sq.ft in 2023, and most recently, it increased by 10% to Rs 660 per sq.ft in 2024. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased significantly by 49%. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%.

Guideline values in Ninna Karai

In Ninna Karai village, there are 449 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, indicating that Bajanai Koil Street (Ward -17) is below this median.

• Bajanai Koil Street (Ward -15): 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 -17)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, while the registration fee at 2% would be Rs 13,200, bringing the total to Rs 59,400. 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 (Ward -17)?

The Sub Registrar Office that covers Bajanai Koil Street (Ward -17) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 of property transactions in Ninna Karai. It serves as a benchmark for calculating the stamp duty and registration fees that buyers must pay when purchasing property.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to determine the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street (Ward -17)?

The current guideline value of Bajanai Koil Street (Ward -17) is Rs 660 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

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 to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification of Bajanai Koil Street (Ward -17)?

Bajanai Koil Street (Ward -17) is classified as Residential Class I Type - III, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200, and the registration fee would be Rs 13,200, totaling Rs 59,400.

Where can I find the Sub Registrar Office for Bajanai Koil Street (Ward -17)?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles the registration of properties in the area.