Guideline Value for Bajanai Koil Street (5)

Bajanai Koil Street (5) guideline value

The current guideline value of Bajanai Koil Street (5) is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Kavulbazaar village, under the Pammal SRO, and is classified as Residential Class II Type - I.

How the guideline value of Bajanai Koil Street (5) has changed

In the 2017 revision, the guideline value was Rs 502 per sq.ft. This increased to Rs 750 per sq.ft in the 2023 revision, marking a change of 49%. The latest revision in 2024 sees the guideline value rise to 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 has no 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 with 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 is the same as the 2024 figure for Bajanai Koil Street (5).

• Bajanai Koil Street (4): 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 (5)

For a 1,000 sq.ft plot at the current rate of Rs 825 per sq.ft, the guideline value totals 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 guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bajanai Koil Street (5)?

The Sub Registrar Office covering Bajanai Koil Street (5) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 an essential reference for property transactions in Kavulbazaar, as it determines the minimum value at which properties can be registered. This value is used to calculate the stamp duty and registration fees that must be paid during the buying or selling process.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street (5)?

The current guideline value of Bajanai Koil Street (5) is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 502 per sq.ft to Rs 825 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What are the other streets in Kavulbazaar with similar guideline values?

Other streets in Kavulbazaar with a 2024 guideline value of Rs 825 per sq.ft include Bajanai Koil Street (4), Bhavani Nagar, and Anna Street.

Where can I find the Sub Registrar Office for Bajanai Koil Street (5)?

The Sub Registrar Office for Bajanai Koil Street (5) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated for properties in Bajanai Koil Street (5)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 8,25,000, the stamp duty would be Rs 57,750 at a rate of 7%.