Guideline Value for BAJANAI KOIL ST

Bajanai Koil St guideline value

The current guideline value of Bajanai Koil St in Vilingiyambakkam village is Rs 935 per sq.ft, effective from 1 July 2024. This street falls under the Avadi SRO and is classified as Residential Class II Type - II.

How the guideline value of Bajanai Koil St has changed

The guideline value for Bajanai Koil St has undergone several revisions over the years. The 2012 revision set the value at Rs 850 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 569 per sq.ft. Following this, the 2023 revision increased the value to Rs 850 per sq.ft, and the latest 2024 revision has raised it further to Rs 935 per sq.ft, marking a 10% increase from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from the 2012 revision to the current 2024 figure, the guideline value has increased by 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 4,400 per sq.ft. The median value for these streets is Rs 935 per sq.ft, which is equal to the current guideline value of Bajanai Koil St.

• Babuji St: Rs 935 per sq.ft (2024)
• BABU CHETTY KALYANAMANDAPAM to MEENAKSHI THEATRE: Rs 1,650 per sq.ft (2024)
• Bakthavachalam St: Rs 1,310 per sq.ft (2024)
• Balaji 1st Cross St: Rs 1,310 per sq.ft (2024)
• Balaji 2nd Cross St: Rs 1,310 per sq.ft (2024)
• Balaji 3rd Cross St: Rs 1,310 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 935 per sq.ft, the total guideline value would be Rs 9,35,000. The stamp duty at 7% would amount to Rs 65,450, and the registration fee at 2% would be Rs 18,700, bringing the total cost for these fees to Rs 84,150. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bajanai Koil St?

The Sub Registrar Office that covers Bajanai Koil St is 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 Vilingiyambakkam

The guideline value is a critical factor in the registration process when buying or selling property in Vilingiyambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately with the relevant authorities. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Bajanai Koil St?

The current guideline value of Bajanai Koil St is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then back to Rs 850 per sq.ft in 2023, and finally to Rs 935 per sq.ft in 2024.

What is the land classification for Bajanai Koil St?

Bajanai Koil St is classified as Residential Class II Type - II, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees for a property on Bajanai Koil St?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 65,450, and the registration fee would be Rs 18,700, totaling Rs 84,150.

Where is the Sub Registrar Office for Bajanai Koil St located?

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