Guideline Value for Bajanai Koil Street / Thiruvalluvar Nagar

Bajanai Koil Street / Thiruvalluvar Nagar guideline value

The current guideline value of Bajanai Koil Street / Thiruvalluvar Nagar is Rs 2,475 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Bajanai Koil Street / Thiruvalluvar Nagar has changed

The guideline value for Bajanai Koil Street / Thiruvalluvar Nagar has seen significant revisions over the years. In 2002, the guideline value was Rs 215 per sq.ft. This figure increased to Rs 243 per sq.ft in 2003, marking a 13% rise. The value then rose to Rs 360 per sq.ft in 2007, which was a 48% increase from the previous revision. By 2017, the guideline value had surged to Rs 1,507 per sq.ft, representing a remarkable 319% increase. In 2023, the value was revised to Rs 2,250 per sq.ft, which was a 49% increase from 2017. The most recent revision in 2024 set the guideline value at Rs 2,475 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there is no figure available for Bajanai Koil Street / Thiruvalluvar Nagar in the 2012 revision.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as of 2024. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Bajanai Koil Street / Thiruvalluvar Nagar above this median.

• Bajanai Koil Street / Thiru Nagar: Rs 2,200 per sq.ft (2024)
• Bajanai Koil Street, Nagelkeni: Rs 2,200 per sq.ft (2024)
• Balaguruswamy Street, Annai Sathya Nagar: Rs 1,980 per sq.ft (2024)
• Balaguruswamy Street / Gandhi Nagar: Rs 2,475 per sq.ft (2024)
• Baharathiyar Street /VOC Nagar: Rs 2,750 per sq.ft (2024)
• Baharathiyar Street / Sholavaram Nagar: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Koil Street / Thiruvalluvar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,475 per sq.ft, the total guideline value amounts to Rs 24,75,000. The stamp duty at 7% would be Rs 1,73,250, and the registration fee at 2% would be Rs 49,500, bringing the total to Rs 2,22,750. It is important to note that the 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 information on fees applicable to property transactions.

Which Sub Registrar Office covers Bajanai Koil Street / Thiruvalluvar Nagar?

The Sub Registrar Office that covers Bajanai Koil Street / Thiruvalluvar Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Pammal, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that both parties comply with legal requirements.

It is essential for buyers and sellers to be aware of the current guideline value, as it can impact the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street / Thiruvalluvar Nagar?

The current guideline value of Bajanai Koil Street / Thiruvalluvar Nagar is Rs 2,475 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 215 per sq.ft in 2002 to Rs 2,475 per sq.ft in 2024, reflecting an overall increase of 1051% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 24,75,000, the stamp duty would be Rs 1,73,250 and the registration fee would be Rs 49,500, totaling Rs 2,22,750.

Which office handles the registration of properties in Pammal?

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

Where can I find more information about the guideline values in Pammal?

For detailed information about the guideline values in Pammal, you can refer to the Registration Department's guideline value register (TNReginet).