Guideline Value for BAJANAI KOIL STREET

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 101 per sq.ft, effective from 1 July 2024. This street is located in the village of Cheyyur, under the Cheyyur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Bajanai Koil Street has changed

The guideline value for Bajanai Koil Street has seen several revisions over the years. In the 2017 revision, the value was Rs 50 per sq.ft. This increased significantly to Rs 100 per sq.ft in the 2023 revision, marking a 100% rise. The latest revision in 2024 has set the value at Rs 101 per sq.ft, reflecting a 1% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 102%.

Guideline values in Cheyyur - A

In the village of Cheyyur - A, there are 64 streets under the Cheyyur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft. The median value is Rs 101 per sq.ft, which is the same as the current value for Bajanai Koil Street.

• Bajanakoil Street: Rs 102 per sq.ft (2024)
• Bajar Veethi: Rs 450 per sq.ft (2024)
• Arunthathiyar Colony: Rs 100 per sq.ft (2024)
• Anthoniyar Kovil Street: Rs 350 per sq.ft (2024)
• CHELLIYAMMAN KOVIL 1st STREET: Rs 101 per sq.ft (2024)
• CHELLIYAMMAN KOVIL 2nd STREET: Rs 101 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Koil Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 1,01,000. The stamp duty at 7% would be Rs 7,070, and the registration fee at 2% would be Rs 2,020, totaling Rs 9,090. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Bajanai Koil Street?

The Sub Registrar Office that covers Bajanai Koil Street is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Cheyyur - A

When buying or selling property in Cheyyur - A, the guideline value is crucial as it determines the stamp duty and registration fees applicable during the registration process. The guideline value acts as a benchmark for property transactions, ensuring that the registration fees reflect the current market conditions.

It is essential to be aware that the guideline value may vary between different streets within the same village, thus affecting the overall costs of property transactions in the area. Buyers and sellers should always check the latest guideline values to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street?

The current guideline value of Bajanai Koil Street is Rs 101 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 50 per sq.ft to Rs 101 per sq.ft in 2024, reflecting a 102% overall increase.

What is the land classification for Bajanai Koil Street?

Bajanai Koil Street is classified as Residential Class IV Type - I, indicating its use for residential purposes.

Where can I find the Sub Registrar Office for Bajanai Koil Street?

The Cheyyur Sub Registrar Office, which covers Bajanai Koil Street, is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Bajanai Koil Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 7,070.