Guideline Value for BAJANAI KOIL ST

Bajanai Koil St guideline value

The current guideline value of Bajanai Koil St in Mitnamalle village is Rs 802 per sq.ft, effective from 1 July 2024. This street falls under the Avadi SRO and is classified as Residential Class II Type - I.

How the guideline value of Bajanai Koil St has changed

The guideline value for Bajanai Koil St has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which was then reduced to Rs 402 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 600 per sq.ft in the 2023 revision, and finally, it rose to Rs 802 per sq.ft in the 2024 revision, marking a 34% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 34%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mitnamalle

In Mitnamalle, there are 53 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,550 per sq.ft, with the median value being Rs 802 per sq.ft. Bajanai Koil St's 2024 figure aligns with this median.

• Balaji Avenue: Rs 802 per sq.ft (2024)
• Bharath Avenue: Rs 802 per sq.ft (2024)
• Bharathi Nagar: Rs 802 per sq.ft (2024)
• Anna Complex: Rs 802 per sq.ft (2024)
• Chengalaiyamman Koil St: Rs 806 per sq.ft (2024)
• Ambedkar St: Rs 802 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Koil St

For a 1,000 sq.ft plot at the current guideline value of Rs 802 per sq.ft, the total guideline value would be Rs 8,02,000. The stamp duty at 7% would amount to Rs 56,140, and the registration fee at 2% would be Rs 16,040, bringing the total fees to Rs 72,180. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bajanai Koil St?

The Bajanai Koil St is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an important reference for determining the minimum value at which a property can be registered. When buying or selling property in Mitnamalle, the guideline value helps in calculating the stamp duty and registration fees applicable to the transaction.

It is crucial for buyers and sellers to be aware of the current guideline value, as it influences the overall cost of property transactions. The guideline value ensures that property transactions are conducted fairly and transparently.

Frequently asked questions

What is the current guideline value of Bajanai Koil St?

The current guideline value of Bajanai Koil St is Rs 802 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 802 per sq.ft in 2024.

What is the land classification for Bajanai Koil St?

Bajanai Koil St is classified as Residential Class II Type - I.

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

The Sub Registrar Office for Bajanai Koil St is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur total fees of Rs 72,180.