Guideline Value for Bajanai Koil 2nd Street Block 9

Bajanai Koil 2nd Street Block 9 guideline value

The current guideline value of Bajanai Koil 2nd Street Block 9 is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar Sub Registrar Office (SRO). The land classification for this area is Residential Class III Type - I.

How the guideline value of Bajanai Koil 2nd Street Block 9 has changed

Over the years, the guideline value for Bajanai Koil 2nd Street Block 9 has seen significant changes. In the 2007 revision, the value was Rs 1,210 per sq.ft, which increased to Rs 5,000 per sq.ft in 2012, marking a substantial rise of 313%. However, the value decreased to Rs 3,350 per sq.ft in 2017, a drop of 33%. The 2023 revision set the value at Rs 5,000 per sq.ft, which then increased by 10% to the current value of Rs 5,500 per sq.ft in 2024.

From 2017 to 2023, the value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 355%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value is Rs 4,900 per sq.ft, which means that Bajanai Koil 2nd Street Block 9's 2024 figure is above that median.

• Bajanai Koil 1st Street Block 8 (V.P): Rs 5,500 per sq.ft (2024)
• Babu Rajendra Prasad Street: Rs 4,400 per sq.ft (2024)
• Babu Rajendra Prasad 2nd Street: Rs 4,400 per sq.ft (2024)
• Babu Rajendra Prasad 1st Street: Rs 4,400 per sq.ft (2024)
• Bajanai Koil Street (Block 8): Rs 5,500 per sq.ft (2024)
• Azhagar Perumal Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Koil 2nd Street Block 9

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, making the total fees together Rs 4,95,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bajanai Koil 2nd Street Block 9?

The Bajanai Koil 2nd Street Block 9 falls under the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kodambakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, this value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process. This helps in avoiding any discrepancies that may arise during property transactions.

Frequently asked questions

What is the current guideline value of Bajanai Koil 2nd Street Block 9?

The current guideline value of Bajanai Koil 2nd Street Block 9 is Rs 5,500 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 1,210 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Bajanai Koil 2nd Street Block 9?

The land classification for Bajanai Koil 2nd Street Block 9 is Residential Class III Type - I.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 55,00,000, the stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000.

Which office handles registrations for properties in Kodambakkam?

The Ashok Nagar Sub Registrar Office handles registrations for properties in Kodambakkam, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.