Guideline Value for BAJANAI KOIL STREET

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village under the Neelankarai SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Bajanai Koil Street has changed

The guideline value for Bajanai Koil Street has seen significant changes over the years. In 2003, the guideline value was Rs 84 per sq.ft, which increased drastically to Rs 500 per sq.ft in 2007, marking a change of +495%. Following this, the value rose to Rs 2,500 per sq.ft in 2012, an increase of +400%. However, there was a notable decline to Rs 1,675 per sq.ft in 2017, resulting in a drop of -33%. The value then climbed to Rs 2,500 per sq.ft in 2023, with a substantial increase of +49%, and finally reached Rs 2,800 per sq.ft in 2024, reflecting a rise of +12%.

The register has no figure for Bajanai Koil Street for the year 2002.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 7,200 per sq.ft, with a median value of Rs 2,200 per sq.ft. Bajanai Koil Street's 2024 guideline value of Rs 2,800 per sq.ft is above this median.

• Babuji Farms: Rs 3,900 per sq.ft (2024)
• Baba Nagar: Rs 2,800 per sq.ft (2024)
• Australia Avenue: Rs 2,200 per sq.ft (2024)
• Bay Watch Farms: Rs 3,300 per sq.ft (2024)
• Bay Watch Farms 1st Street: Rs 3,300 per sq.ft (2024)
• Bay Watch Farms 2nd Street: Rs 3,300 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 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total to Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator to estimate your costs.

Which Sub Registrar Office covers Bajanai Koil Street?

The Sub Registrar Office that covers Bajanai Koil Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration of property transactions in Enjambakkam. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the overall cost of the transaction. The guideline value is updated periodically, and it is advisable to check the latest figures before proceeding with any property dealings.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street?

The current guideline value of Bajanai Koil Street is Rs 2,800 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 84 per sq.ft in 2003 to Rs 2,800 per sq.ft in 2024, showing an overall increase of +3233%.

What is the land classification for Bajanai Koil Street?

Bajanai Koil Street is classified under Residential Class II Type - I.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

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

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.