Guideline Value for BAJANAI KOIL STREET

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 104 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village under the Pallipattu SRO, classified as Residential Class I Type - I.

How the guideline value of Bajanai Koil Street has changed

Over the years, the guideline value of Bajanai Koil Street has seen significant changes. In the 2007 revision, the value was Rs 25 per sq.ft, which increased to Rs 80 per sq.ft in 2012. However, there was a decrease to Rs 54 per sq.ft in the 2017 revision. The 2023 revision set the value at Rs 100 per sq.ft, and the latest revision in 2024 has raised it to Rs 104 per sq.ft. The register has no figures for the years 2002 and 2003.

From 2007 to 2012, the value increased by 220%, but then it fell by 33% from 2012 to 2017. There was a remarkable rise of 85% from 2017 to 2023. Overall, from 2007 to 2024, the guideline value has increased by 316%.

Guideline values in Kolathur

In Kolathur, there are 18 streets under the Pallipattu SRO that carry a 2024 guideline value ranging from Rs 104 to Rs 150 per sq.ft. The median value is Rs 104 per sq.ft, making Bajanai Koil Street's 2024 figure equal to that median.

• Bommarajupet.Yadasteeet: Rs 104 per sq.ft (2024)
• Chinna Kanniyappanar Nagar: Rs 104 per sq.ft (2024)
• Jonugunta Street: Rs 104 per sq.ft (2024)
• Kadastreet: Rs 104 per sq.ft (2024)
• Kalanzhi Street: Rs 104 per sq.ft (2024)
• Methu Street: Rs 104 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 rate of Rs 104 per sq.ft, the guideline value amounts to Rs 1,04,000. The stamp duty at 7% would be Rs 7,280, and the registration fee at 2% would be Rs 2,080, totaling Rs 9,360. 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 for more details.

Which Sub Registrar Office covers Bajanai Koil Street?

Bajanai Koil Street falls under the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. You can find your SRO for further inquiries.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate 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 104 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 25 per sq.ft in 2007 to Rs 104 per sq.ft in 2024, showing an overall increase of 316% over the years.

What are the other streets with the same guideline value in Kolathur?

Other streets in Kolathur with the same guideline value of Rs 104 per sq.ft include Bommarajupet.Yadasteeet, Chinna Kanniyappanar Nagar, Jonugunta Street, Kadastreet, Kalanzhi Street, and Methu Street.

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

The Sub Registrar Office for Bajanai Koil Street is located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.

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

The stamp duty is calculated based on the higher of the guideline value or the sale price. For instance, for a property valued at Rs 1,04,000, the stamp duty at 7% would be Rs 7,280.