Guideline Value for Bajanai Koil Street (4)

Bajanai Koil Street (4) guideline value

The current guideline value of Bajanai Koil Street (4) is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Kavulbazaar village under the Pammal Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Bajanai Koil Street (4) has changed

Looking at the historical revisions, the guideline value for Bajanai Koil Street (4) was Rs 502 per sq.ft in 2017. It then increased to Rs 750 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the value at Rs 825 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kavulbazaar

In Kavulbazaar, there are 44 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 825 to Rs 4,500 per sq.ft. The median value is Rs 825 per sq.ft, which means that Bajanai Koil Street (4) is at the median value for this area.

• Bajanai Koil Street (5): Rs 825 per sq.ft (2024)
• Arcot Salai: Rs 1,100 per sq.ft (2024)
• Bhavani Nagar: Rs 825 per sq.ft (2024)
• Anna Street: Rs 825 per sq.ft (2024)
• Anna Highway(5): Rs 1,100 per sq.ft (2024)
• Anna Highway(4): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Koil Street (4)

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value is Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total to Rs 74,250. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bajanai Koil Street (4)?

The Sub Registrar Office that covers Bajanai Koil Street (4) is 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 Kavulbazaar

The guideline value is a key factor in the registration process when buying or selling property in Kavulbazaar. It determines the amount of stamp duty and registration fees that must be paid, ensuring that these costs are based on a standardized value set by the government.

When a property is registered, the guideline value serves as a reference point for both buyers and sellers. It is essential to be aware of the current guideline value to understand the financial implications of a property transaction in this area.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street (4)?

The current guideline value of Bajanai Koil Street (4) is Rs 825 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 64%, from Rs 502 per sq.ft to Rs 825 per sq.ft in 2024.

What are the stamp duty and registration fees for a property on this street?

For a property valued at Rs 8,25,000, the stamp duty would be Rs 57,750 and the registration fee would be Rs 16,500, totaling Rs 74,250.

Which office handles registrations for Bajanai Koil Street (4)?

The Pammal Sub Registrar Office handles registrations for Bajanai Koil Street (4), located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the guideline value determined for properties in Kavulbazaar?

The guideline value for properties in Kavulbazaar is determined by the government and is used to calculate stamp duty and registration fees during property transactions.