Guideline Value for BAJANAKOIL STREET

Bajanakoil Street guideline value

The current guideline value of Bajanakoil Street is Rs 102 per sq.ft, effective from 1 July 2024. This street is located in the village of Cheyyur, under the Cheyyur SRO, and falls under the Residential Class III Type - I land classification.

How the guideline value of Bajanakoil Street has changed

The guideline value for Bajanakoil Street has undergone several revisions over the years. In 2017, the value was set at Rs 67 per sq.ft. This increased to Rs 100 per sq.ft in the 2023 revision, marking a significant rise of 49% over six years. The most recent revision in 2024 saw a further increase to Rs 102 per sq.ft, reflecting a 2% change from the previous year.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 52%.

Guideline values in Cheyyur - A

In Cheyyur - A, there are 64 streets under the Cheyyur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 500 per sq.ft. The median guideline value for these streets is Rs 101 per sq.ft, placing Bajanakoil Street's 2024 figure above that median.

• Bajar Veethi: Rs 450 per sq.ft (2024)
• Bajanai Koil Street: Rs 101 per sq.ft (2024)
• Arunthathiyar Colony: Rs 100 per sq.ft (2024)
• Anthoniyar Kovil Street: Rs 350 per sq.ft (2024)
• CHELLIYAMMAN KOVIL 1st STREET: Rs 101 per sq.ft (2024)
• CHELLIYAMMAN KOVIL 2nd STREET: Rs 101 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanakoil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 102 per sq.ft, the total guideline value amounts to Rs 1,02,000. The stamp duty at 7% would be Rs 7,140, and the registration fee at 2% would be Rs 2,040, resulting in a total cost of Rs 9,180. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Bajanakoil Street?

The Sub Registrar Office that covers Bajanakoil Street is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Cheyyur - A

The guideline value is a crucial factor in the registration process when buying or selling property in Cheyyur - A. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the guideline value, as it ensures compliance with local regulations and helps in accurately assessing the financial obligations associated with the purchase or sale.

Frequently asked questions

What is the current guideline value of Bajanakoil Street?

The current guideline value of Bajanakoil Street is Rs 102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 67 per sq.ft to Rs 102 per sq.ft in 2024, marking a total increase of 52% over the seven-year period.

What is the median guideline value for streets in Cheyyur - A?

The median guideline value for the 64 streets in Cheyyur - A is Rs 101 per sq.ft, with Bajanakoil Street's 2024 figure being above this median.

What are the stamp duty and registration fees for properties in Bajanakoil Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 9,180, which includes both fees based on the current guideline value.

Which office handles property registrations for Bajanakoil Street?

The Cheyyur Sub Registrar Office handles property registrations for Bajanakoil Street, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.