Guideline Value for BAJANAI KOIL STREET

Bajanai Koil Street guideline value

The current guideline value for Bajanai Koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the Sholinganallur - 1 village under the Neelankarai SRO, classified as Residential Class II Type - III.

How the guideline value of Bajanai Koil Street has changed

The guideline value register has no figures for Bajanai Koil Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft.

There have been no changes between the revisions above, and the current 2024 figure is consistent with the median guideline value for streets in Sholinganallur - 1.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value is Rs 2,200 per sq.ft, which aligns with the 2024 guideline value for Bajanai Koil Street.

• Bakkingam Canal Road: Rs 1,700 per sq.ft (2024)
• Babu Street: Rs 2,200 per sq.ft (2024)
• Balachandra Builder Park: Rs 2,200 per sq.ft (2024)
• Balaji Nagar: Rs 2,200 per sq.ft (2024)
• Balakrishnan Street: Rs 2,200 per sq.ft (2024)
• Balamurugan Thottam: Rs 1,700 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 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. 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 Bajanai Koil Street falls under 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 more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a crucial factor in the registration process for property transactions in Sholinganallur - 1. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. 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 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value register has no figures for Bajanai Koil Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft.

What is the land classification for Bajanai Koil Street?

Bajanai Koil Street is classified as Residential Class II Type - III under the Neelankarai SRO.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers Bajanai Koil Street?

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