Guideline Value for BAJANAI KOIL STREET

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village, under the Kodambakkam SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Bajanai Koil Street has changed

The guideline value for Bajanai Koil Street has undergone several revisions over the years. In 2002, the guideline value was Rs 496 per sq.ft. This increased to Rs 547 per sq.ft in 2003, marking a 10% rise. By 2007, the value saw a significant jump to Rs 700 per sq.ft, which is an increase of 28%. The value further escalated to Rs 4,000 per sq.ft in 2012, representing a remarkable 471% increase from the previous revision. However, this was followed by a decrease to Rs 2,680 per sq.ft in 2017, a decline of 33%.

In 2023, the guideline value was revised to Rs 4,000 per sq.ft, and then increased to Rs 4,400 per sq.ft in 2024, reflecting a 10% rise. Overall, from 2002 to 2024, the guideline value has increased by 787%.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO, with 2024 guideline values ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median value for these streets is Rs 6,000 per sq.ft, placing Bajanai Koil Street's 2024 guideline value below this median.

• Azath Nagar 4th Street: Rs 4,400 per sq.ft (2024)
• Azath Nagar 2nd Street: Rs 4,400 per sq.ft (2024)
• Azath Nagar 1st Street: Rs 4,400 per sq.ft (2024)
• Ayyavoo Colony - Vinayakar Koil Street: Rs 6,600 per sq.ft (2024)
• Ayyavoo Colony - Vimala Street: Rs 6,600 per sq.ft (2024)
• Ayyavoo Colony - Vijayeswari Street: Rs 6,600 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 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the 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 Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Arumbakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, which is crucial for maintaining transparency in property dealings. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street?

The current guideline value of Bajanai Koil Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 496 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 787% over the years.

What is the land classification of Bajanai Koil Street?

Bajanai Koil Street is classified as Residential Class IV Type - II under the Kodambakkam SRO.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles the registration for Bajanai Koil Street?

The Kodambakkam Sub Registrar Office handles the registration for Bajanai Koil Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.