Guideline Value for Bajanai Koil 4th Cross Street

Bajanai Koil 4th Cross Street guideline value

The current guideline value of Bajanai Koil 4th Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village under the Pammal SRO and is classified as Commercial Class I Type - I.

How the guideline value of Bajanai Koil 4th Cross Street has changed

In the 2017 revision, the guideline value was Rs 1,340 per sq.ft. This value 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 guideline value at Rs 2,200 per sq.ft, which is a further increase of 10% 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 there are no figures available for the years 2002, 2003, 2007, and 2012 for Bajanai Koil 4th Cross Street in the register.

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, with a median value of Rs 1,320 per sq.ft. The guideline value for Bajanai Koil 4th Cross Street is above this median.

• Bajanai Koil 3rd 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 4th Cross Street

For a 1,000 sq.ft plot at the current rate, the 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, making the total fees Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bajanai Koil 4th Cross Street?

The Bajanai Koil 4th Cross Street falls under 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 the registration of property transactions in Pozhichalur. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of property registration.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately, reflecting the official value set by the authorities. This value is essential for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Bajanai Koil 4th Cross Street?

The current guideline value of Bajanai Koil 4th Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has risen from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024, marking an overall increase of 64% over these years.

What is the median guideline value in Pozhichalur?

The median guideline value for streets in Pozhichalur under the Pammal SRO is Rs 1,320 per sq.ft, while Bajanai Koil 4th Cross Street's value is above this median.

What are the stamp duty and registration fees for property in Bajanai Koil 4th Cross Street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 1,98,000, based on the current guideline value of Rs 22,00,000.

Which office handles the registration for Bajanai Koil 4th Cross Street?

The registration for Bajanai Koil 4th Cross Street is handled by the Pammal Sub Registrar Office, located in Pammal, Chennai.