Guideline Value for BAJANAI KOIL STREET(PULIYURPURAM)

Bajanai Koil Street(Puliyurpuram) guideline value

The current guideline value of Bajanai Koil Street(Puliyurpuram) 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. The land classification for this area is Residential Class I Type - I.

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

The guideline value for Bajanai Koil Street(Puliyurpuram) has seen several revisions over the years. The 2007 revision set the value at Rs 1,200 per sq.ft, which significantly increased to Rs 5,300 per sq.ft in the 2012 revision. This figure remained unchanged in the 2023 revision, but the 2024 revision raised it to Rs 5,800 per sq.ft, marking a 9% increase from the previous year.

Overall, from the 2007 revision to the current 2024 value, there has been a substantial increase of 383%. The revisions for the years 2017, 2003, and 2002 have no figures recorded for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value for these streets is Rs 5,800 per sq.ft, which is equal to the current value of Bajanai Koil Street(Puliyurpuram).

• Bajanai Koil Street (Choolaimedu): 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(Puliyurpuram)

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 guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Bajanai Koil Street(Puliyurpuram) 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 critical factor in property transactions in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties adhere to the legal requirements set by the government.

During the registration process, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

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

The current guideline value of Bajanai Koil Street(Puliyurpuram) 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 increased from Rs 1,200 per sq.ft in 2007 to Rs 5,800 per sq.ft in 2024, marking an overall increase of 383% over the years.

What are the other streets with the same guideline value in Puliyur?

Other streets in Puliyur that share the same guideline value of Rs 5,800 per sq.ft include Bajanai Koil Street (Choolaimedu), Bakthavachalam Colony 1st Street, and several others.

Where is the Kodambakkam Sub Registrar Office located?

The Kodambakkam Sub Registrar Office is 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 guideline value or the sale price of the property, whichever is higher. This ensures that the appropriate fees are collected during the registration process.