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Guideline Value

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Guideline Value for Bajanai Koil P.T.C. Colony 1st Street

₹1400/sq.ft.

The guideline value for Bajanai Koil P.t.c. Colony 1st Street in Gowrivakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 1400 per sq.ft, effective 1 July 2024. It was Rs 1300 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Gowrivakkam

Village

Selaiyur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1400 /sq.ft.
From 1-4-2023 ₹1300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹871 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1300 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Bajanai Koil P.t.c. Colony 1st Street

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Bajanai Koil P.T.C. Colony 1st Street guideline value

The current guideline value of Bajanai Koil P.T.C. Colony 1st Street is Rs 1,400 per sq.ft, effective from 1 July 2024. This street is located in Gowrivakkam village under the Selaiyur SRO and is classified as Residential Class I Type - I.

How the guideline value of Bajanai Koil P.T.C. Colony 1st Street has changed

The guideline value for Bajanai Koil P.T.C. Colony 1st Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,300 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 871 per sq.ft. This was a decrease of 33%. Following this, the value rose significantly to Rs 1,300 per sq.ft in the 2023 revision, marking an increase of 49%. The most recent revision in 2024 has set the guideline value at Rs 1,400 per sq.ft, reflecting an 8% increase from the previous year.

It is important to note that there are no recorded figures for Bajanai Koil P.T.C. Colony 1st Street in the revisions from 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%.

Guideline values in Gowrivakkam

In Gowrivakkam, there are 130 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 840 to Rs 3,750 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Bajanai Koil P.T.C. Colony 1st Street's value below this median.

Stamp duty and registration fee for property in Bajanai Koil P.T.C. Colony 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total fees to Rs 1,26,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bajanai Koil P.T.C. Colony 1st Street?

The Bajanai Koil P.T.C. Colony 1st Street falls under the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when buying or selling property in Gowrivakkam. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during the property registration process.

When a property is sold, the guideline value is compared to the sale price. The higher of the two values is used to determine the applicable stamp duty and registration fees, ensuring that the correct amounts are paid to the authorities.

Frequently asked questions

What is the current guideline value of Bajanai Koil P.T.C. Colony 1st Street?

The current guideline value of Bajanai Koil P.T.C. Colony 1st Street is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2023 to Rs 1,400 per sq.ft in 2024, an increase of 8%. It was Rs 871 per sq.ft in 2017, showing a significant rise of 49% to the 2023 figure.

What is the land classification of Bajanai Koil P.T.C. Colony 1st Street?

Bajanai Koil P.T.C. Colony 1st Street is classified as Residential Class I Type - I.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

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

For a property valued at Rs 14,00,000, the stamp duty would be Rs 98,000 and the registration fee would be Rs 28,000, totaling Rs 1,26,000. Duty is charged on the higher of the guideline value and the sale price.