Guideline Value for BAJANAI KOIL STREET

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street in Arasankalani village is Rs 2,100 per sq.ft, effective from 1 July 2024. This street falls under the Selaiyur Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Bajanai Koil Street has changed

The guideline value for Bajanai Koil Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,100 per sq.ft from the 2024 revision.

From 2012 to 2017, there was a decrease of 33%, but the value increased by 49% from 2017 to 2023. The transition from 2023 to 2024 reflects a 5% increase, bringing the overall change from 2012 to 2024 to a modest 5%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Arasankalani

In Arasankalani, there are 85 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 4,750 per sq.ft. The median value is Rs 2,100 per sq.ft, which is equal to the current guideline value of Bajanai Koil Street.

• Bagathsingh Street: Rs 1,300 per sq.ft (2024)
• Arasankazhani - Nookampalayam Road: Rs 2,100 per sq.ft (2024)
• Annai Indra Street: Rs 2,100 per sq.ft (2024)
• Chelliamman Koil Street: Rs 1,300 per sq.ft (2024)
• Amman Koil Street: Rs 1,300 per sq.ft (2024)
• Chola Akshayam Palazzo: Rs 4,100 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 guideline value of Rs 2,100 per sq.ft, the total guideline value amounts to Rs 21,00,000. The stamp duty at 7% would be Rs 1,47,000, and the registration fee at 2% would be Rs 42,000, bringing the total to Rs 1,89,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bajanai Koil Street?

The Sub Registrar Office that covers Bajanai Koil Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in the property registration process in Arasankalani. It serves as the benchmark for determining the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When a property is sold, the guideline value is compared against the sale price, and the higher of the two is used to calculate 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?

The current guideline value of Bajanai Koil Street is Rs 2,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and is now Rs 2,100 per sq.ft in 2024.

What is the land classification for Bajanai Koil Street?

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

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in Bajanai Koil Street is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.