Guideline Value for Bajanai Koil 2nd Cross Street

Bajanai Koil 2nd Cross Street guideline value

The current guideline value of Bajanai Koil 2nd 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, classified as Residential Special Type - II.

How the guideline value of Bajanai Koil 2nd Cross Street has changed

In the 2012 revision, the guideline value was Rs 2,200 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 1,474 per sq.ft. Following this, the value increased significantly to Rs 2,200 per sq.ft in 2023, marking a 49% rise from the 2017 figure. The most recent revision in 2024 has further increased the guideline value to Rs 2,400 per sq.ft, reflecting a 9% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for Bajanai Koil 2nd Cross Street. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 9%.

Guideline values in Rajakilpakkam

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

• Bajanai Koil 1st Street: Rs 2,400 per sq.ft (2024)
• Bajanai Koil 2nd Street: Rs 2,400 per sq.ft (2024)
• Bajanai Koil 1st Cross 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 2nd 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 fees 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bajanai Koil 2nd Cross Street?

The Bajanai Koil 2nd Cross Street is covered by 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 Rajakilpakkam

The guideline value is a crucial factor in property transactions, as it is used to determine the stamp duty and registration fees payable at the time of registration. Buyers and sellers must be aware that the guideline value is considered the minimum value for the property, ensuring that the government receives the appropriate taxes from the transaction.

When registering a property, the guideline value serves as a benchmark for calculating the total costs involved. It is essential for both buyers and sellers to understand this value, as it can significantly impact the overall expenses related to the property transaction.

Frequently asked questions

What is the current guideline value for Bajanai Koil 2nd Cross Street?

The current guideline value for Bajanai Koil 2nd 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 increased 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 2nd Cross Street?

Bajanai Koil 2nd Cross Street is classified as Residential Special Type - II under the land classification.

What are the stamp duty and registration fees for a property here?

For a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000 and the registration fee would be Rs 48,000, totaling Rs 2,16,000.

Which office handles registrations for Bajanai Koil 2nd Cross Street?

The Selaiyur Sub Registrar Office handles registrations for Bajanai Koil 2nd Cross Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.