Guideline Value for Bajanai Koil Street, Nagelkeni

Bajanai Koil Street, Nagelkeni guideline value

The current guideline value of Bajanai Koil Street, Nagelkeni is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under Pammal village and is classified as Residential Class II Type - I. The guideline value is set by the Pammal SRO.

How the guideline value of Bajanai Koil Street, Nagelkeni has changed

The guideline value for Bajanai Koil Street has seen several revisions over the years. In the 2017 revision, the value was Rs 1,340 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 has raised the guideline value to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has risen by 64%.

Guideline values in Pammal

Pammal village has 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 is Rs 2,090 per sq.ft, positioning Bajanai Koil Street's 2024 figure above this median.

• Bajanai Koil Street / Thiru Nagar: Rs 2,200 per sq.ft (2024)
• Bajanai Koil Street / Thiruvalluvar Nagar: Rs 2,475 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, Nagelkeni

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. Please 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, Nagelkeni?

The Sub Registrar Office covering Bajanai Koil Street, Nagelkeni 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 details.

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

The guideline value is a crucial factor when registering property transactions in Pammal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When you register a property, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the officially recognized values of properties in the area.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street, Nagelkeni?

The current guideline value of Bajanai Koil Street, Nagelkeni is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 64%.

What is the land classification for Bajanai Koil Street?

Bajanai Koil Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

Which Sub Registrar Office is responsible for Bajanai Koil Street?

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

How is stamp duty calculated for properties in Pammal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at 7%.