Guideline Value for Bajanai Koil 1st Street

Bajanai Koil 1st Street guideline value

The current guideline value of Bajanai Koil 1st Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO. The land classification for this area is Residential Class I Type - II.

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

The guideline value for Bajanai Koil 1st Street has seen significant changes over the years. In 2003, the value was Rs 229 per sq.ft, which increased to Rs 600 per sq.ft in 2007. The 2012 revision saw the value rise to Rs 3,000 per sq.ft, but it dropped to Rs 2,010 per sq.ft in 2017. The 2023 revision brought it back up to Rs 3,000 per sq.ft, and the current value as of 2024 is Rs 3,300 per sq.ft.

From 2017 to 2023, the value increased by 49%. The jump from 2012 to 2017 was a decrease of 33%. The increase from 2007 to 2012 was substantial at 400%. Between 2003 and 2007, the value rose by 162%. Overall, from 2003 to 2024, the guideline value has increased by 1341%. The register has no figure for this street in 2002.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with 2024 guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value is Rs 3,300 per sq.ft, which matches the current value for Bajanai Koil 1st Street.

• Bajanai Koil 2nd Street: Rs 3,300 per sq.ft (2024)
• Bajanai Koil Back Street: Rs 3,300 per sq.ft (2024)
• Bajanai Koil Harijan Colony: Rs 2,750 per sq.ft (2024)
• Azhagar Road: Rs 3,300 per sq.ft (2024)
• Azhagappa Nagar: Rs 3,300 per sq.ft (2024)
• Balaji Nagar: Rs 3,300 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, the total cost would be Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bajanai Koil 1st Street?

The Sub Registrar Office that covers Bajanai Koil 1st Street is 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 Zaminpallavaram

The guideline value is a critical factor in the registration process for property transactions in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the 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 of Bajanai Koil 1st Street?

The current guideline value of Bajanai Koil 1st Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 229 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, with various revisions in between.

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

The land classification for Bajanai Koil 1st Street is Residential Class I Type - II.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Bajanai Koil 1st Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located?

The Sub Registrar Office for Bajanai Koil 1st Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.