Guideline Value for BAJANAI KOIL STREET

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 226 per sq.ft, effective from 1 July 2024. This street is located in Sigadivakkam village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Bajanai Koil Street has changed

The guideline value for Bajanai Koil Street has remained stable at Rs 226 per sq.ft since the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 151 per sq.ft, marking a 50% increase from 2017 to 2023. The register has no figures for the years 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%. The 2024 figure of Rs 226 per sq.ft is equal to the median guideline value of Rs 226 per sq.ft for the 11 streets in Sigadivakkam under the Sunguvarchattram SRO.

Guideline values in Sigadivakkam

In Sigadivakkam, there are 11 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 181 to Rs 1,200 per sq.ft. Bajanai Koil Street's 2024 figure of Rs 226 per sq.ft is at the median of this range.

• Bangalore Hihghway Hitech City: Rs 181 per sq.ft (2024)
• Bangalore Main Road: Rs 500 per sq.ft (2024)
• Kamachiamman Nagar: Rs 226 per sq.ft (2024)
• Kancheepuram Cheenai Road: Rs 500 per sq.ft (2024)
• Kulakkarai Street: Rs 181 per sq.ft (2024)
• Mettu street: Rs 181 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 226 per sq.ft, the total guideline value amounts to Rs 2,26,000. The stamp duty at 7% would be Rs 15,820, and the registration fee at 2% would be Rs 4,520, bringing the total fees to Rs 20,340. Please note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bajanai Koil Street?

The Sub Registrar Office that covers Bajanai Koil Street is the Sunguvarchattram Sub Registrar Office. The address is Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

When buying or selling property in Sigadivakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline values as they influence the overall cost of property transactions. Understanding these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street?

The current guideline value of Bajanai Koil Street is Rs 226 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 226 per sq.ft since the 2023 revision. It increased from Rs 151 per sq.ft in 2017, marking a 50% increase overall from 2017 to 2024.

What is the land classification for Bajanai Koil Street?

Bajanai Koil Street is classified as Residential Class I Type - I, which indicates its suitability for residential development.

What are the stamp duty and registration fees for a property in Bajanai Koil Street?

For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 20,340, which includes Rs 15,820 for stamp duty and Rs 4,520 for registration fees.

Which Sub Registrar Office should I visit for Bajanai Koil Street transactions?

The Sunguvarchattram Sub Registrar Office covers Bajanai Koil Street. Its address is Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.