Guideline Value for Bajanai Koil Street

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 1,210 per sq.ft, effective from 1 July 2024. This street is located in Thandalam village, under the Pammal SRO, and is classified as Residential Class I Type - I.

How the guideline value of Bajanai Koil Street has changed

The guideline value for Bajanai Koil Street has seen significant changes over the years. The 2017 revision set the value at Rs 737 per sq.ft. This increased to Rs 1,100 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the guideline value to Rs 1,210 per sq.ft, which is a 10% increase from the previous year.

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

Guideline values in Thandalam

In Thandalam, there are 56 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value is Rs 1,210 per sq.ft, which is the same as the current value for Bajanai Koil Street.

• Bharathi Street: Rs 880 per sq.ft (2024)
• Anugraha Avenue Extn: Rs 1,210 per sq.ft (2024)
• Anugraha Avenue: Rs 1,210 per sq.ft (2024)
• Anna Nagar (ward 6): Rs 1,210 per sq.ft (2024)
• Anna Nagar (ward 5): Rs 1,210 per sq.ft (2024)
• Annai Theresa Nagar: Rs 990 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 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty at 7% would amount to Rs 84,700, and the registration fee at 2% would be Rs 24,200, bringing the total fees to Rs 1,08,900. 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 information.

Which Sub Registrar Office covers Bajanai Koil Street?

The Sub Registrar Office that covers Bajanai Koil Street 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 Thandalam

The guideline value is a crucial factor in the registration process of property transactions in Thandalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall cost involved in the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street?

The current guideline value of Bajanai Koil Street is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 737 per sq.ft to Rs 1,210 per sq.ft in 2024, representing an overall increase of 64%.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,08,900.

Which office handles property registrations for Bajanai Koil Street?

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

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is essential for buyers and sellers to be aware of this value to ensure accurate fee calculations.