Guideline Value for BAJANAI KOIL STREET

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Perumbakkam village, under the Selaiyur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Bajanai Koil Street has changed

In the 2012 revision, the guideline value was Rs 1,500 per sq.ft. This figure remained the same until the 2017 revision, which saw a decrease to Rs 1,005 per sq.ft. Subsequently, the value increased significantly to Rs 1,500 per sq.ft in the 2023 revision, marking a 49% rise from the 2017 figure. The most recent revision in 2024 has set the guideline value at Rs 1,600 per sq.ft, reflecting a 7% increase from the previous year.

The register does not contain figures for the years 2002, 2003, and 2007 for Bajanai Koil Street. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a modest increase of 7%.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,725 per sq.ft, positioning Bajanai Koil Street's 2024 figure below this median.

• Bajani Koil 1st -3rd Cross Street: Rs 1,600 per sq.ft (2024)
• Bank Colony: Rs 2,725 per sq.ft (2024)
• Bharathi Vidyalaya Palli: Rs 2,725 per sq.ft (2024)
• Bharathiyar Street: Rs 2,200 per sq.ft (2024)
• Anthoniyar Nagar: Rs 2,725 per sq.ft (2024)
• Bhavathara: Rs 1,300 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 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total costs together to Rs 1,44,000. Note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, 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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Perumbakkam. It serves as a reference point for determining the minimum value at which property can be registered, ensuring that the transaction reflects a fair value according to the government’s assessment.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. It is important for buyers and sellers to be aware of these values to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street?

The current guideline value of Bajanai Koil Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What is the land classification of Bajanai Koil Street?

Bajanai Koil Street is classified as Residential Class II Type - II, indicating its designation for residential use.

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

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

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

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 16,00,000, the stamp duty at 7% would amount to Rs 1,12,000.