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Guideline Value

Corporate

Guideline Value for Bajanai Koil Street (ward 1)

₹1980/sq.ft.

The guideline value for Bajanai Koil Street (ward 1) in Kolapakkam village (Pammal SRO, Chengalpattu zone) is Rs 1980 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Kolapakkam

Village

Pammal

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1980 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075
044-22480069
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Bajanai Koil Street (ward 1)

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Bajanai Koil Street (ward 1) guideline value

The current guideline value of Bajanai Koil Street (ward 1) is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Kolapakkam village under the Pammal Sub Registrar Office (SRO). The land classification for this area is Residential Class III Type - I.

How the guideline value of Bajanai Koil Street (ward 1) has changed

The guideline value for Bajanai Koil Street (ward 1) has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 1,800 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 1,206 per sq.ft, marking a significant increase of 49% to the 2023 figure. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The consistent upward trend reflects changes in the valuation of this street over the years, culminating in the current guideline value.

Guideline values in Kolapakkam

In Kolapakkam, there are 111 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,650 to Rs 6,850 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, indicating that Bajanai Koil Street (ward 1) is below the median value.

Stamp duty and registration fee for property in Bajanai Koil Street (ward 1)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bajanai Koil Street (ward 1)?

The Sub Registrar Office that covers Bajanai Koil Street (ward 1) 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 Kolapakkam

The guideline value is a crucial factor when buying or selling property in Kolapakkam. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers and sellers must be aware of this value as it directly impacts the stamp duty and registration fees applicable during the transaction.

When a property is registered, the guideline value is used to calculate the duties and fees, ensuring that the transaction is documented accurately. This process helps maintain transparency and legality in property dealings within the region.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street (ward 1)?

The current guideline value of Bajanai Koil Street (ward 1) is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, representing a total increase of 64%. The most recent revision in 2024 saw a 10% increase from the 2023 figure of Rs 1,800 per sq.ft.

What is the land classification for Bajanai Koil Street (ward 1)?

Bajanai Koil Street (ward 1) is classified as Residential Class III Type - I, indicating its suitability for residential purposes.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. This office handles the registration of properties in the Kolapakkam area.

How is the stamp duty calculated for properties in Bajanai Koil Street (ward 1)?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 19,80,000 would incur a stamp duty of Rs 1,38,600 at a rate of 7%.