Guideline Value for Bajanai Koil Cross Street

Bajanai Koil Cross Street guideline value

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

How the guideline value of Bajanai Koil Cross Street has changed

The guideline value for Bajanai Koil Cross Street has undergone several revisions since 2017. 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, marking a significant increase of 49%. The most recent revision in 2024 raised the value further to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO, with guideline values ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median guideline value for these streets is Rs 2,420 per sq.ft, indicating that Bajanai Koil Cross Street's 2024 figure is below this median.

• Bajanai Koil Street: Rs 2,200 per sq.ft (2024)
• Bakathavachalam Street: Rs 2,200 per sq.ft (2024)
• Avaiyar Street: Rs 2,420 per sq.ft (2024)
• Ariangar Anna Street: Rs 2,200 per sq.ft (2024)
• Bharathidasan Street: Rs 2,420 per sq.ft (2024)
• Bharathidasan Street Extn.,: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Koil 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, calculated at 7%, would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total 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 more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bajanai Koil Cross Street?

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

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

The guideline value is a crucial factor in the registration process of property transactions in Thiruneermalai. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency and standardization in property transactions within the region.

Frequently asked questions

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

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

How much has the guideline value changed over the years?

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

What are the stamp duty rates for properties in Bajanai Koil Cross Street?

The stamp duty rate for properties in Bajanai Koil Cross Street is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

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

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

What is the land classification for Bajanai Koil Cross Street?

Bajanai Koil Cross Street is classified as Residential Class I Type - II, indicating its suitability for residential development.