Guideline Value for Bajanai Koil Street

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Kadaperi village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Bajanai Koil Street has changed

The guideline value for Bajanai Koil Street has seen several revisions over the years. In the 2007 revision, the value was Rs 600 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2012 revision, marking a 67% rise. However, in the 2017 revision, the value dropped to Rs 670 per sq.ft, reflecting a decrease of 33%. The guideline value then rose significantly to Rs 1,000 per sq.ft in the 2023 revision, which was a 49% increase. The latest revision in 2024 set the value at Rs 1,100 per sq.ft, a 10% increase from the previous year.

It is important to note that there are no figures available for Bajanai Koil Street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 83%.

Guideline values in Kadaperi

In Kadaperi, there are 142 streets under the Tambaram Joint 1 SRO with a guideline value range from Rs 880 to Rs 7,700 per sq.ft as per the 2024 revision. The median guideline value in this area is Rs 1,650 per sq.ft, indicating that Bajanai Koil Street's 2024 figure is below this median.

• A.S. Rajan Nagar: Rs 1,100 per sq.ft (2024)
• Bhagavath Singh Street: Rs 1,650 per sq.ft (2024)
• Arputha Nagar Street: Rs 880 per sq.ft (2024)
• Arpudham Nagar: Rs 1,650 per sq.ft (2024)
• Anna Street: Rs 1,100 per sq.ft (2024)
• Bound Street: Rs 2,200 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 rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bajanai Koil Street?

The Sub Registrar Office that covers 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 Kadaperi

The guideline value is a crucial factor in the registration process for property transactions in Kadaperi. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps to establish a fair price for both parties involved in the transaction. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street?

The current guideline value of Bajanai Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 83% over the years.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers Bajanai Koil Street?

The Tambaram Joint 1 Sub Registrar Office covers Bajanai Koil Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification for Bajanai Koil Street?

The land classification for Bajanai Koil Street is Residential Class II Type - I.