Guideline Value for Bajanai Koil St

Bajanai Koil St guideline value

The current guideline value of Bajanai Koil St in Pozhichalur village is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Pammal Sub Registrar Office (SRO) and is classified as Commercial Class I Type - I.

How the guideline value of Bajanai Koil St has changed

The guideline value of Bajanai Koil St has seen significant changes over the years. In the 2007 revision, the value was set at Rs 300 per sq.ft. This figure increased to Rs 1,340 per sq.ft in the 2017 revision, marking a substantial rise of 347%. The value continued to increase, reaching Rs 2,000 per sq.ft in the 2023 revision, which was a 49% increase from the previous revision. The latest revision in 2024 has set the guideline value at Rs 2,200 per sq.ft, reflecting a 10% increase from 2023.

There are no figures available for the years 2002, 2003, and 2012 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 633%.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft, with a median value of Rs 1,320 per sq.ft. Bajanai Koil St's 2024 figure of Rs 2,200 per sq.ft is above this median.

• Bajanai Koil 5th Cross Street: Rs 2,200 per sq.ft (2024)
• 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 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 St

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total 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.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bajanai Koil St?

The Bajanai Koil St falls under 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 information.

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

The guideline value is a crucial factor when buying or selling property in Pozhichalur, as it determines the minimum value at which a property can be registered. Buyers must be aware that the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to refer to the latest guideline value to ensure compliance with the legal requirements. This helps in avoiding any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bajanai Koil St?

The current guideline value of Bajanai Koil St is Rs 2,200 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 300 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 633%.

What is the land classification of Bajanai Koil St?

Bajanai Koil St is classified as Commercial Class I Type - I.

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

The Sub Registrar Office covering Bajanai Koil St is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties in Pozhichalur?

The stamp duty for properties in Pozhichalur is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2%.