Guideline Value for Bajanai Koil P.T.C. Colony 4th Street

Bajanai Koil P.T.C. Colony 4th Street guideline value

The current guideline value of Bajanai Koil P.T.C. Colony 4th Street is Rs 1,400 per sq.ft, effective from 1 July 2024. This street is located in Gowrivakkam village and falls under the Selaiyur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Bajanai Koil P.T.C. Colony 4th Street has changed

The guideline value for Bajanai Koil P.T.C. Colony 4th Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,300 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 871 per sq.ft. The value then increased to Rs 1,300 per sq.ft in 2023, followed by an increase to Rs 1,400 per sq.ft in 2024, marking an 8% rise from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Gowrivakkam

In Gowrivakkam, there are 130 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 840 to Rs 3,750 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, indicating that the 2024 value of Bajanai Koil P.T.C. Colony 4th Street is below this median.

• Bajanai Koil P.T.C. Colony 3rd Street: Rs 1,400 per sq.ft (2024)
• Bajanai Koil P.T.C. Colony 2nd Street: Rs 1,400 per sq.ft (2024)
• Bajanai Koil P.T.C. Colony 1st Street: Rs 1,400 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,400 per sq.ft (2024)
• Asta Lakshmi Nagar: Rs 1,600 per sq.ft (2024)
• Bavanandiar 1st Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Koil P.T.C. Colony 4th 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 the duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bajanai Koil P.T.C. Colony 4th Street?

The Sub Registrar Office that covers Bajanai Koil P.T.C. Colony 4th Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opposite to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the 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 a crucial factor in the registration process when buying or selling property in Gowrivakkam. It serves as a benchmark for determining the amount of stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher value is used to calculate the applicable fees. 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 P.T.C. Colony 4th Street?

The current guideline value of Bajanai Koil P.T.C. Colony 4th 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, which is an increase of 8%. It was Rs 871 per sq.ft in 2017 and Rs 1,300 per sq.ft in 2012, showing significant changes over the years.

What is the land classification for Bajanai Koil P.T.C. Colony 4th Street?

The land classification for Bajanai Koil P.T.C. Colony 4th Street is Residential Class I Type - I, indicating the type of residential development permitted in this area.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Bajanai Koil P.T.C. Colony 4th Street is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

What is the median guideline value for streets in Gowrivakkam?

The median guideline value for streets in Gowrivakkam is Rs 2,200 per sq.ft. The guideline value of Bajanai Koil P.T.C. Colony 4th Street is below this median, currently set at Rs 1,400 per sq.ft.