Guideline Value for Bajanai Koil Street

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 2,970 per sq.ft, effective from 1 July 2024. This street is located in Hastinapuram village under the Pallavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Bajanai Koil Street has changed

Over the years, the guideline value for Bajanai Koil Street has seen significant changes. The 2007 revision set the value at Rs 500 per sq.ft. This figure increased dramatically to Rs 2,700 per sq.ft in 2012, marking a rise of 440%. However, from 2012 to 2017, the value decreased to Rs 1,809 per sq.ft, a drop of 33%. The value then rose again to Rs 2,700 per sq.ft in 2023, reflecting a 49% increase. The most recent 2024 revision has set the guideline value at Rs 2,970 per sq.ft, an increase of 10% from the previous year.

The register has no figure for Bajanai Koil Street for the years 2002 and 2003. Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 494%.

Guideline values in Hastinapuram

In Hastinapuram, there are 277 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 4,400 per sq.ft. The median value is Rs 2,970 per sq.ft, which is equal to the current value of Bajanai Koil Street.

• Bajanai Koil Cross Street: Rs 2,420 per sq.ft (2024)
• Avvaiyar Street: Rs 2,380 per sq.ft (2024)
• A.V.N. Nagar: Rs 1,650 per sq.ft (2024)
• Balaji Nagar: Rs 2,970 per sq.ft (2024)
• Balaji Nagar 1,2,3,4: Rs 2,970 per sq.ft (2024)
• Bangalamalai Street: Rs 1,650 per sq.ft (2024)

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 2,970 per sq.ft, the total guideline value would be Rs 29,70,000. The stamp duty at 7% would amount to Rs 2,07,900, and the registration fee at 2% would be Rs 59,400, making the total charges Rs 2,67,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bajanai Koil Street?

Bajanai Koil Street falls under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is crucial when registering property transactions in Hastinapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value affects the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street?

The current guideline value of Bajanai Koil Street is Rs 2,970 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 2,970 per sq.ft in 2024, marking a total increase of 494% over the years.

What is the land classification for Bajanai Koil Street?

Bajanai Koil Street is classified as Residential Class I Type - I under the Pallavaram SRO.

Where can I find the registration office for Bajanai Koil Street?

The registration office for Bajanai Koil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total charges would amount to Rs 2,67,300.