Guideline Value for Bajanai Koil Street

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Irumpuliyur village under the Tambaram Joint 1 SRO, classified as Residential Special Type - I.

How the guideline value of Bajanai Koil Street has changed

The guideline value for Bajanai Koil Street has experienced several revisions over the years. In 2007, the value was Rs 650 per sq.ft. It increased significantly to Rs 2,300 per sq.ft in 2012, marking a 254% rise. However, this value dropped to Rs 1,541 per sq.ft in 2017, reflecting a decrease of 33%. The value then rose sharply to Rs 2,300 per sq.ft in 2023, an increase of 49%, before reaching the current figure of Rs 2,530 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for Bajanai Koil Street. Overall, from 2007 to 2024, the guideline value has increased by 289%.

Guideline values in Irumpuliyur

In Irumpuliyur, there are 218 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Bajanai Koil Street's 2024 figure above this median.

• Balaji Nagar (Bhavani Street): Rs 2,200 per sq.ft (2024)
• Balaji Nagar Kaveri Street: Rs 2,200 per sq.ft (2024)
• Balaji Nagar Main Road: Rs 2,200 per sq.ft (2024)
• Balaji Nagar Narmadha Street: Rs 2,200 per sq.ft (2024)
• Balaraman Street: Rs 2,530 per sq.ft (2024)
• Barathidasan Street: Rs 2,530 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 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total cost for these fees to Rs 2,27,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Bajanai Koil Street?

The Sub Registrar Office covering Bajanai Koil Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Irumpuliyur. It serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling property, this value is used to calculate the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the guideline value, as it impacts the overall cost of property transactions. Accurate knowledge of this value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street?

The current guideline value of Bajanai Koil Street is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2007 to Rs 2,530 per sq.ft in 2024, showing an overall increase of 289% over the years.

What is the land classification for Bajanai Koil Street?

Bajanai Koil Street is classified as Residential Special Type - I under the Tambaram Joint 1 SRO.

Where can I find more information about the registration office?

The registration office covering Bajanai Koil Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Irumpuliyur?

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 25,30,000 would incur a stamp duty of Rs 1,77,100 at 7%.