Guideline Value for BAJANAI KOIL STREET

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 400 per sq.ft, as per the 2023 revision. This street is located in Navaloor village and falls under the Thiruporur SRO. The land classification for this area is Residential Class V Type - III.

How the guideline value of Bajanai Koil Street has changed

Over the years, the guideline value of Bajanai Koil Street has seen several revisions. In the 2007 revision, the guideline value was Rs 150 per sq.ft. This increased significantly to Rs 400 per sq.ft in the 2012 revision, marking a 167% rise. However, in the 2017 revision, the value decreased to Rs 268 per sq.ft, a drop of 33%. The most recent revision in 2023 set the value back to Rs 400 per sq.ft, reflecting a 49% increase from 2017.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 167%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Navaloor

Currently, there are no specific guideline values provided for other streets in Navaloor. Bajanai Koil Street stands at a guideline value of Rs 400 per sq.ft as of 2023.

Stamp duty and registration fee for property in Bajanai Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total charges to Rs 36,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the 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 Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

To find your specific Sub Registrar Office, you can visit find your SRO.

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

When buying or selling property in Navaloor, the guideline value is a critical factor used during the registration process. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is registered at a fair value as per the government norms.

This value helps in determining the legal and financial aspects of property transactions, making it essential for buyers and sellers to be aware of the current guideline value in their respective areas.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street?

The current guideline value of Bajanai Koil Street is Rs 400 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, then decreased to Rs 268 per sq.ft in 2017, and returned to Rs 400 per sq.ft in 2023.

What is the land classification of Bajanai Koil Street?

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

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

The Thiruporur Sub Registrar Office covers Bajanai Koil Street and is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 4,00,000, the stamp duty would be Rs 28,000 at 7%.