Guideline Value for Bajanai Koil 2nd Street

Bajanai Koil 2nd Street guideline value

The current guideline value of Bajanai Koil 2nd Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class I Type - II.

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

The guideline value for Bajanai Koil 2nd Street has undergone several revisions over the years. In 2003, the value was Rs 229 per sq.ft, which increased to Rs 600 per sq.ft in 2007, marking a significant rise of 162%. The value then surged to Rs 3,000 per sq.ft in 2012, reflecting a remarkable increase of 400%. However, it dropped to Rs 2,010 per sq.ft in 2017, a decrease of 33%. The value rose again to Rs 3,000 per sq.ft in 2023, and currently stands at Rs 3,300 per sq.ft as of the 2024 revision, which is a 10% increase from the previous year. The register has no figure for this street in 2002.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, which is equal to the 2024 figure for Bajanai Koil 2nd Street.

• Bajanai Koil 1st 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 2nd 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, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to 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?

The Sub Registrar Office that covers Bajanai Koil 2nd 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 crucial factor in the registration process when buying or selling property in Zaminpallavaram. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is documented accurately.

When a property is sold, the guideline value helps in establishing a baseline for the sale price, ensuring transparency and compliance with local regulations. Buyers and sellers should be aware of the current guideline value to make informed decisions during the transaction process.

Frequently asked questions

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

The current guideline value of Bajanai Koil 2nd 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 from Rs 229 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 1341% over the years.

What is the land classification of Bajanai Koil 2nd Street?

Bajanai Koil 2nd Street is classified as Residential Class I Type - II.

Where is the Pallavaram Sub Registrar Office located?

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

How is stamp duty calculated for properties in Bajanai Koil 2nd Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at 7%.