Guideline Value for Bajanai Koil Street

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 1,500 per sq.ft. This street is located in Vandalur village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special 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. The 2007 revision set the value at Rs 550 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in the 2012 revision. However, in the 2017 revision, the value dropped to Rs 1,005 per sq.ft. The most recent revision in 2023 has restored the guideline value to Rs 1,500 per sq.ft.

From 2017 to 2023, there was an increase of 49%. The change from 2012 to 2017 reflected a decrease of 33%. Notably, the jump from 2007 to 2012 was a substantial 173%. Overall, from 2007 to 2023, the guideline value has increased by 173%.

Guideline values in Vandalur

Currently, there are no specific village figures provided for Vandalur. Bajanai Koil Street is one of the streets under the Gooduvancheri SRO. Unfortunately, there are no other streets in Vandalur listed with their guideline values.

Stamp duty and registration fee for property in Bajanai Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, making the total cost for these fees Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Bajanai Koil Street?

The Bajanai Koil Street is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vandalur. It is used to determine the stamp duty and registration fees, which are essential components of the transaction.

When a property is registered, the fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street?

The current guideline value of Bajanai Koil Street is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and finally returned to Rs 1,500 per sq.ft in 2023.

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

For a 1,000 sq.ft plot, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Which office handles registrations for Bajanai Koil Street?

The Gooduvancheri Sub Registrar Office handles registrations for Bajanai Koil Street, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is the guideline value determined?

The guideline value is determined by the Registration Department's guideline value register and is revised periodically. It reflects the value of properties in specific areas and is used for calculating stamp duty and registration fees.