Guideline Value for Bajanai Koil 3rd Cross Street

Bajanai Koil 3rd Cross Street guideline value

The current guideline value of Bajanai Koil 3rd Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village and falls under the Pammal SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Bajanai Koil 3rd Cross Street has changed

The guideline value for Bajanai Koil 3rd Cross Street has seen several revisions over the years. The earliest revision available is from 2017, where the value was Rs 1,340 per sq.ft. This increased to Rs 2,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, positioning Bajanai Koil 3rd Cross Street above this median with its 2024 figure of Rs 2,200 per sq.ft.

• Bajanai Koil 4th Cross Street: Rs 2,200 per sq.ft (2024)
• Bajanai Koil 5th Cross Street: Rs 2,200 per sq.ft (2024)
• Bajanai Koil 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Bajanai Koil 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Bajanai Koil St: Rs 2,200 per sq.ft (2024)
• Balaji 1,2,3,4,5 Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Koil 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bajanai Koil 3rd Cross Street?

The Sub Registrar Office that covers Bajanai Koil 3rd Cross Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Pozhichalur, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that must be paid during the sale process.

When buying or selling property, it is essential to be aware of the current guideline value to ensure compliance with registration requirements. The guideline value serves as a benchmark for both buyers and sellers in the real estate market.

Frequently asked questions

What is the current guideline value of Bajanai Koil 3rd Cross Street?

The current guideline value of Bajanai Koil 3rd Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the land classification for Bajanai Koil 3rd Cross Street?

The land classification for Bajanai Koil 3rd Cross Street is Commercial Class I Type - I.

Where can I find the registration office for Bajanai Koil 3rd Cross Street?

The registration office for Bajanai Koil 3rd Cross Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for property in Bajanai Koil 3rd Cross Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000.