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Guideline Value

Corporate

Guideline Value for Bajanai Koil Street

₹1400/sq.ft.

The guideline value for Bajanai Koil Street in Gowrivakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 1400 per sq.ft, effective 1 July 2024. It was Rs 1300 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Gowrivakkam

Village

Selaiyur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1400 /sq.ft.
From 1-4-2023 ₹1300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹871 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1300 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Bajanai Koil Street

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Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street in Gowrivakkam village, under the Selaiyur SRO, is Rs 1,400 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Bajanai Koil Street has changed

The guideline value of Bajanai Koil Street has seen several revisions over the years. In 2012, the guideline value was Rs 1,300 per sq.ft, which decreased to Rs 871 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,300 per sq.ft. The most recent revision in 2024 has further increased the value to Rs 1,400 per sq.ft, marking an 8% rise from 2023.

It is important to note that there are no figures available for Bajanai Koil Street in the revisions from 2002, 2003, and 2007. Overall, comparing the 2012 and 2024 revisions, there has been an 8% increase in the guideline value.

Guideline values in Gowrivakkam

In Gowrivakkam, there are 130 streets listed under the Selaiyur SRO, with guideline values ranging from Rs 840 to Rs 3,750 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, indicating that Bajanai Koil Street's current guideline value is below this median.

Stamp duty and registration fee for property in Bajanai Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total cost for these fees to Rs 1,26,000. Please 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 details.

Which Sub Registrar Office covers Bajanai Koil Street?

The Sub Registrar Office that covers Bajanai Koil Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Gowrivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you sell a property, the sale price is compared to the guideline value, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street?

The current guideline value of Bajanai Koil Street is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2023 to Rs 1,400 per sq.ft in 2024, marking an 8% increase. It was Rs 871 per sq.ft in 2017, showing a 49% increase from that figure to 2023.

What are the other streets in Gowrivakkam with similar values?

Other streets in Gowrivakkam, such as Bajanai Koil P.T.C. Colony 1st, 2nd, 3rd, and 4th Streets, all have a guideline value of Rs 1,400 per sq.ft in 2024. Asta Lakshmi Nagar and Bavanandiar 1st Street have higher values of Rs 1,600 per sq.ft.

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

The Sub Registrar Office for Bajanai Koil Street is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. This office is part of the Chengalpattu registration zone.

How is stamp duty calculated for properties in Gowrivakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 14,00,000, the stamp duty at 7% would be Rs 98,000.