Guideline Value for Bajanai Koil Street/Cross Street

Bajanai Koil Street/Cross Street guideline value

The current guideline value for Bajanai Koil Street/Cross Street in Kathivakkam village is Rs 1,001 per sq.ft, as per the 2024 revision effective from 1 July 2024. This street falls under the jurisdiction of the Thiruvottiyur SRO and is classified as Residential Class I Type - I.

How the guideline value of Bajanai Koil Street/Cross Street has changed

The guideline value for Bajanai Koil Street/Cross Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 300 per sq.ft. This increased to Rs 800 per sq.ft in 2012, marking a significant rise of 167%. However, between 2012 and 2017, the value saw a decrease of 33%, bringing it down to Rs 536 per sq.ft. The value then increased substantially to Rs 1,000 per sq.ft in 2023, and remained unchanged at Rs 1,001 per sq.ft in the 2024 revision.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 234%.

Guideline values in Kathivakkam

In Kathivakkam, there are 47 streets under the Thiruvottiyur SRO that carry a guideline value for 2024, ranging from Rs 1,000 to Rs 1,600 per sq.ft. The median value is Rs 1,001 per sq.ft, which is equal to the guideline value of Bajanai Koil Street/Cross Street. Below are the guideline values for other streets in Kathivakkam:

• Badrakaliamman Koil: Rs 1,000 per sq.ft (2024)
• Anna Nagar/street/Cross: Rs 1,001 per sq.ft (2024)
• Cauvery Nagar: Rs 1,100 per sq.ft (2024)
• Amman Koil Lane: Rs 1,000 per sq.ft (2024)
• Ammaiappan Nagar: Rs 1,001 per sq.ft (2024)
• Chinnakuppam: Rs 1,000 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value amounts to Rs 10,01,000. The stamp duty at 7% would be Rs 70,070, and the registration fee at 2% would be Rs 20,020, making the total cost Rs 90,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bajanai Koil Street/Cross Street?

The Bajanai Koil Street/Cross Street is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

When buying or selling property in Kathivakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. This value is set by the registration department and is used as a benchmark for property transactions.

At the time of registration, the guideline value is compared with the sale price of the property. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Bajanai Koil Street/Cross Street?

The current guideline value for Bajanai Koil Street/Cross Street is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,001 per sq.ft in 2024, reflecting an overall increase of 234% over the years.

What is the land classification for Bajanai Koil Street/Cross Street?

Bajanai Koil Street/Cross Street is classified as Residential Class I Type - I according to the guideline value register.

Where can I find the Thiruvottiyur Sub Registrar Office?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated for properties in Kathivakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 10,01,000, the stamp duty would be Rs 70,070 at 7%.