Guideline Value for Bajanai Koil 5th Cross Street

Bajanai Koil 5th Cross Street guideline value

The current guideline value of Bajanai Koil 5th 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, classified as Commercial Class I Type - I.

How the guideline value of Bajanai Koil 5th Cross Street has changed

The guideline value for Bajanai Koil 5th Cross Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,340 per sq.ft, which increased to Rs 2,000 per sq.ft in the 2023 revision. The latest revision in 2024 raised the value to Rs 2,200 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The significant jump from 2017 to 2023 was 49%, reflecting a notable rise in the guideline value over this period.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value is Rs 1,320 per sq.ft, placing Bajanai Koil 5th Cross Street above this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value totals 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 to Rs 1,98,000. Please 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 5th Cross Street?

The Sub Registrar Office that covers Bajanai Koil 5th 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, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it impacts the stamp duty and registration fees payable during the transaction.

When a property is sold, the buyer is required to pay stamp duty based on the higher of the guideline value or the actual sale price. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of real estate in the area.

Frequently asked questions

What is the current guideline value of Bajanai Koil 5th Cross Street?

The current guideline value of Bajanai Koil 5th 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 increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024. This includes a 49% increase from 2017 to 2023 and a further 10% increase from 2023 to 2024.

What are the other streets in Pozhichalur with the same guideline value?

Other streets in Pozhichalur with the same guideline value of Rs 2,200 per sq.ft in 2024 include Bajanai Koil 4th Cross Street, Bajanai Koil 3rd Cross Street, Bajanai Koil 2nd Cross Street, Bajanai Koil St, and Bajanai Koil 1st Cross Street.

What is the registration fee for properties in Bajanai Koil 5th Cross Street?

The registration fee for properties in Bajanai Koil 5th Cross Street is calculated at 2% of the guideline value. For example, for a property valued at Rs 22,00,000, the registration fee would be Rs 44,000.

Where can I find the Sub Registrar Office for Bajanai Koil 5th Cross Street?

The Sub Registrar Office for Bajanai Koil 5th Cross Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.