Guideline Value for Bajanai Koil Street ( Kannadapalayam )

Bajanai Koil Street ( Kannadapalayam ) guideline value

The current guideline value of Bajanai Koil Street ( Kannadapalayam ) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Bajanai Koil Street ( Kannadapalayam ) has changed

The guideline value for Bajanai Koil Street has experienced several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which saw a significant increase to Rs 1,200 per sq.ft in 2012, marking a 200% rise. However, from 2012 to 2017, the value decreased to Rs 804 per sq.ft, a drop of 33%. The value then increased to Rs 1,200 per sq.ft in 2023, and the latest revision in 2024 raised it to Rs 1,320 per sq.ft, reflecting a 10% increase.

Between 2017 and 2023, the value surged by 49%. Overall, from 2007 to 2024, the guideline value has increased by 230%. It is important to note that the register has no figures for the revisions in 2002 and 2003 for this street.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 8,250 per sq.ft, with a median value of Rs 3,300 per sq.ft. Bajanai Koil Street ( Kannadapalayam )'s 2024 figure of Rs 1,320 per sq.ft is below this median.

• Bajanai Koil Street ( Near Gandhi road Ward-1 ): Rs 2,200 per sq.ft (2024)
• Bajanai Koil Street (Near mudichur road ward-31): Rs 3,300 per sq.ft (2024)
• Bakthavatchalam Street: Rs 6,600 per sq.ft (2024)
• Bagavath Sing Street: Rs 3,300 per sq.ft (2024)
• Ayyasamy Street: Rs 6,600 per sq.ft (2024)
• Ayyanar Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Koil Street ( Kannadapalayam )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400. Together, the total cost for stamp duty and registration would be Rs 1,18,800. 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 Street ( Kannadapalayam )?

The Sub Registrar Office that covers Bajanai Koil Street ( Kannadapalayam ) is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Tambaram

The guideline value is a crucial factor in the registration process when buying or selling property in Tambaram. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When engaging in a property transaction, it is essential to be aware of the current guideline value, as it directly affects the overall costs involved in the registration process. Buyers and sellers should ensure that the transaction reflects the guideline value to avoid any legal complications.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street ( Kannadapalayam )?

The current guideline value of Bajanai Koil Street ( Kannadapalayam ) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 230% over the years.

What is the land classification for Bajanai Koil Street ( Kannadapalayam )?

The land classification for Bajanai Koil Street ( Kannadapalayam ) is Residential Class II Type - I.

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

The Sub Registrar Office for Bajanai Koil Street ( Kannadapalayam ) is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in this area?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,20,000, the stamp duty would amount to Rs 92,400.