Guideline Value for Bajanai Koil Cross Street

Bajanai Koil Cross Street guideline value

The current guideline value of Bajanai Koil Cross Street is Rs 2,420 per sq.ft, effective from 1 July 2024. This street is located in Hastinapuram village, under the Pallavaram SRO, and is classified as Residential Class I Type - III.

How the guideline value of Bajanai Koil Cross Street has changed

The guideline value for Bajanai Koil Cross Street has seen significant changes over the years. In the 2007 revision, the value was Rs 400 per sq.ft, which increased dramatically to Rs 2,200 per sq.ft in the 2012 revision, marking a rise of 450%. However, in the 2017 revision, the value decreased to Rs 1,474 per sq.ft, reflecting a decline of 33%. The guideline value then rose to Rs 2,200 per sq.ft in the 2023 revision, followed by a further increase to Rs 2,420 per sq.ft in the 2024 revision, representing a 10% increase.

From the 2017 revision to the 2023 revision, the value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 505%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Hastinapuram

In Hastinapuram village, there are 277 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 4,400 per sq.ft. The median guideline value in this area is Rs 2,970 per sq.ft, placing Bajanai Koil Cross Street's 2024 figure below that median.

• Bajanai Koil Street: Rs 2,970 per sq.ft (2024)
• Avvaiyar Street: Rs 2,380 per sq.ft (2024)
• A.V.N. Nagar: Rs 1,650 per sq.ft (2024)
• Balaji Nagar: Rs 2,970 per sq.ft (2024)
• Balaji Nagar 1,2,3,4: Rs 2,970 per sq.ft (2024)
• Bangalamalai Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Koil Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value would be Rs 24,20,000. The stamp duty at 7% would amount to Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, making the total cost for these fees Rs 2,17,800. 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 detailed calculations.

Which Sub Registrar Office covers Bajanai Koil Cross Street?

The Bajanai Koil Cross Street falls under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Hastinapuram. It serves as the basis for calculating stamp duty and registration fees, which are mandatory when transferring property ownership. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures that the transaction is recorded accurately, reflecting the value set by the authorities.

Frequently asked questions

What is the current guideline value of Bajanai Koil Cross Street?

The current guideline value of Bajanai Koil Cross Street is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 400 per sq.ft in 2007 to Rs 2,420 per sq.ft in 2024, marking an overall increase of 505% over these years.

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

For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,69,400 and the registration fee would be Rs 48,400, totaling Rs 2,17,800.

Which office handles property registrations for Bajanai Koil Cross Street?

The Pallavaram Sub Registrar Office handles property registrations for Bajanai Koil Cross Street, located at 7th Main Road, New Colony, Chromepet, Chennai-600044.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and market conditions in the area. It is updated periodically to reflect changes in property values.