Guideline Value for Bajanai Koil Street @ Kannabiran Bajanai Koil Street

Bajanai Koil Street @ Kannabiran Bajanai Koil Street guideline value

The current guideline value for Bajanai Koil Street @ Kannabiran Bajanai Koil Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village and falls under the Sembiam SRO. The land classification is Residential Class II Type - I.

How the guideline value of Bajanai Koil Street @ Kannabiran Bajanai Koil Street has changed

Over the years, the guideline value for Bajanai Koil Street has seen several revisions. The 2007 revision set the value at Rs 700 per sq.ft, which was a significant increase from the previous years, as there are no figures available for 2002, 2003, and 2017. The value remained unchanged at Rs 2,500 per sq.ft in both the 2012 and 2023 revisions, before rising to Rs 2,700 per sq.ft in the 2024 revision, reflecting an 8% increase from the 2023 figure.

From the 2007 revision to the 2024 revision, there has been an overall increase of 286%. The changes between the revisions are notable, especially the leap from Rs 700 per sq.ft in 2007 to Rs 2,500 per sq.ft in 2012, which represents a 257% increase. The guideline value remained stable from 2012 to 2023, before the recent increase in 2024.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO, with guideline values ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, making the current value for Bajanai Koil Street @ Kannabiran Bajanai Koil Street below the median.

• Bagavathi Amman Colony: Rs 2,700 per sq.ft (2024)
• Bagavathi Amman 5th Street: Rs 2,700 per sq.ft (2024)
• Bagavathi Amman 4th Street: Rs 2,700 per sq.ft (2024)
• Bagavathi Amman 3rd Street: Rs 2,700 per sq.ft (2024)
• Bagavathi Amman 2nd Street: Rs 2,700 per sq.ft (2024)
• Bagavathi Amman 1st Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Koil Street @ Kannabiran Bajanai Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, leading to a total of Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Bajanai Koil Street @ Kannabiran Bajanai Koil Street?

The Bajanai Koil Street @ Kannabiran Bajanai Koil Street is covered by the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for additional assistance.

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

The guideline value is an essential factor in property transactions in Kolathur. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property. The guideline value ensures that the property is assessed fairly for taxation purposes.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This process helps maintain transparency in property transactions and ensures that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value for Bajanai Koil Street?

The current guideline value for Bajanai Koil Street @ Kannabiran Bajanai Koil Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 700 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 286% over the years.

What are the other streets in Kolathur with the same guideline value?

Several other streets in Kolathur have a guideline value of Rs 2,700 per sq.ft, including Bagavathi Amman Colony, Bagavathi Amman 1st Street, and Bagavathi Amman 5th Street, among others.

What is the registration fee for property in Bajanai Koil Street?

The registration fee for property in Bajanai Koil Street is calculated based on the guideline value and is 2% of the total value. For a 1,000 sq.ft plot, this would amount to Rs 54,000.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011. This office handles the registration of properties in the area.