Guideline Value for Bajanai Koil Harijan Colony

Bajanai Koil Harijan Colony guideline value

The current guideline value of Bajanai Koil Harijan Colony is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is located in Zaminpallavaram village and falls under the Pallavaram SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Bajanai Koil Harijan Colony has changed

The guideline value for Bajanai Koil Harijan Colony has undergone several revisions over the years. In 2003, the guideline value was Rs 218 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2007. The value then rose to Rs 2,500 per sq.ft in 2012, followed by a decrease to Rs 1,675 per sq.ft in 2017. The 2023 revision saw an increase to Rs 2,500 per sq.ft, and the latest revision in 2024 set the value at Rs 2,750 per sq.ft.

Between the revisions, the most notable changes include an increase of 10% from 2023 to 2024, a 49% increase from 2017 to 2023, and a decrease of 33% from 2012 to 2017. The value saw a remarkable increase of 317% from 2007 to 2012, and a 175% increase from 2003 to 2007. Overall, from 2003 to 2024, the guideline value has increased by 1161%. The register has no figure for the year 2002 for this street.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, making the current value of Bajanai Koil Harijan Colony below that median.

• Bajanai Koil Back Street: Rs 3,300 per sq.ft (2024)
• Bajanai Koil 2nd Street: Rs 3,300 per sq.ft (2024)
• Bajanai Koil 1st Street: Rs 3,300 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 Harijan Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total cost for stamp duty and registration fees to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bajanai Koil Harijan Colony?

The Bajanai Koil Harijan Colony is covered by 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 critical factor in the registration process when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Bajanai Koil Harijan Colony?

The current guideline value of Bajanai Koil Harijan Colony is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 218 per sq.ft in 2003 to Rs 2,750 per sq.ft in 2024, with various increases and decreases in between.

What is the median guideline value for streets in Zaminpallavaram?

The median guideline value for streets in Zaminpallavaram is Rs 3,300 per sq.ft, with Bajanai Koil Harijan Colony's value being below this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500, and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Where is the Sub Registrar Office for Bajanai Koil Harijan Colony located?

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