Guideline Value for BAJANAI KOIL STREET

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Perumalagaram village, under the Chennai South Joint II SRO, and falls under the Residential Class III Type - I land classification.

How the guideline value of Bajanai Koil Street has changed

The guideline value for Bajanai Koil Street has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 81 per sq.ft. This increased to Rs 102 per sq.ft in 2003, marking a change of +26%. The value continued to rise, reaching Rs 300 per sq.ft in 2007, which was an increase of +194%. However, from 2007 to 2012, the value increased significantly to Rs 1,500 per sq.ft, reflecting a remarkable change of +400%. The 2017 revision saw a decrease to Rs 1,005 per sq.ft, a change of -33%. The value then rose again to Rs 1,500 per sq.ft in 2023, and most recently, it increased to Rs 1,650 per sq.ft in 2024, representing a change of +10%.

It is important to note that there are no figures available for the revisions in the years 2012 and 2017 for this street. Overall, from 2002 to 2024, the guideline value has increased by +1937%.

Guideline values in Perumalagaram

In Perumalagaram, there are 74 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 825 to Rs 7,920 per sq.ft. The median guideline value for these streets is Rs 3,190 per sq.ft, which means that Bajanai Koil Street's 2024 figure is below that median.

• Aura Elio's: Rs 3,300 per sq.ft (2024)
• Attrankarai Street: Rs 2,420 per sq.ft (2024)
• Baskar Street: Rs 3,190 per sq.ft (2024)
• Bbcl Villa Haven: Rs 3,300 per sq.ft (2024)
• Aparna Street: Rs 3,190 per sq.ft (2024)
• Anusha Street: Rs 3,190 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 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total fees together to Rs 1,48,500. It is important to 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?

Bajanai Koil Street is covered by the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Perumalagaram. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is taken into account for calculating the applicable duties and fees. 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 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 81 per sq.ft in 2002 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of +1937%.

What is the registration office for Bajanai Koil Street?

Bajanai Koil Street is registered under the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 16,50,000. The stamp duty at 7% is Rs 1,15,500, and the registration fee at 2% is Rs 33,000, totaling Rs 1,48,500.

How does the guideline value affect property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements.