Guideline Value for Bajanai Koil Street

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 700 per sq.ft. This street is located in Nalambakkam village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Bajanai Koil Street has changed

Over the years, the guideline value of Bajanai Koil Street has seen several revisions. In 2007, the guideline value was Rs 120 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012, marking an increase of 483%. However, in 2017, the value decreased to Rs 469 per sq.ft, a decline of 33%. The most recent revision in 2023 set the guideline value at Rs 700 per sq.ft, representing an increase of 49% from the 2017 figure.

Overall, from 2007 to 2023, the guideline value has increased by 483%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 in the register for this street.

Guideline values in Nalambakkam

Currently, there are no specific village figures provided for Nalambakkam. Bajanai Koil Street is the only street mentioned under the Gooduvancheri SRO. As such, there are no other streets in Nalambakkam listed with their respective guideline values.

Stamp duty and registration fee for property in Bajanai Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. It is important to note that the 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?

The Sub Registrar Office that covers Bajanai Koil Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nalambakkam. It serves as a benchmark for determining the value of the property, influencing the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is assessed to ensure that the transaction reflects the market conditions. This helps in maintaining transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street?

The current guideline value of Bajanai Koil Street is Rs 700 per sq.ft, as per the 2023 revision.

How much has the guideline value changed over the years?

The guideline value has changed significantly over the years, with a notable increase from Rs 120 per sq.ft in 2007 to Rs 700 per sq.ft in 2012. After a decrease to Rs 469 per sq.ft in 2017, it returned to Rs 700 per sq.ft in 2023.

What are the stamp duty and registration fees for property in Bajanai Koil Street?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office is responsible for Bajanai Koil Street?

The Gooduvancheri Sub Registrar Office is responsible for Bajanai Koil Street. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Are there other streets in Nalambakkam with guideline values?

Currently, there are no other streets in Nalambakkam listed with their respective guideline values under the Gooduvancheri SRO. Bajanai Koil Street is the only street mentioned.