Guideline Value for Bajanai Koil 1st Cross Street

Bajanai Koil 1st Cross Street guideline value

The current guideline value of Bajanai Koil 1st Cross Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village, under the Selaiyur SRO, and is classified as Residential Special Type - II.

How the guideline value of Bajanai Koil 1st Cross Street has changed

The guideline value for Bajanai Koil 1st Cross Street has undergone several revisions over the years. In 2012, the value was Rs 2,200 per sq.ft, which was then reduced to Rs 1,474 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, there was a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 9%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 5,000 per sq.ft, with a median value of Rs 2,150 per sq.ft. The guideline value for Bajanai Koil 1st Cross Street is above this median.

• Bajanai Koil 1st Street: Rs 2,400 per sq.ft (2024)
• Bajanai Koil 2nd Cross Street: Rs 2,400 per sq.ft (2024)
• Bajanai Koil 2nd Street: Rs 2,400 per sq.ft (2024)
• Bajanai Koil Street: Rs 2,400 per sq.ft (2024)
• Balachandra Avenue: Rs 1,600 per sq.ft (2024)
• Balachandra Avenue 1st Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Koil 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total to Rs 2,16,000. 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 1st Cross Street?

The Bajanai Koil 1st Cross Street falls under 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 further assistance.

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

The guideline value plays a crucial role during property registration in Rajakilpakkam. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling a property. Buyers are required to pay these fees based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it ensures compliance with local regulations and helps in accurately calculating the costs involved in property transactions. This value is regularly updated to reflect changes in the real estate market.

Frequently asked questions

What is the current guideline value of Bajanai Koil 1st Cross Street?

The current guideline value of Bajanai Koil 1st Cross Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

What is the land classification for Bajanai Koil 1st Cross Street?

Bajanai Koil 1st Cross Street is classified as Residential Special Type - II.

What are the stamp duty and registration fees for this street?

For a 1,000 sq.ft plot, the total guideline value is Rs 24,00,000. The stamp duty at 7% is Rs 1,68,000, and the registration fee at 2% is Rs 48,000, totaling Rs 2,16,000.

Which office handles registrations for Bajanai Koil 1st Cross Street?

The Selaiyur Sub Registrar Office handles registrations for Bajanai Koil 1st Cross Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.