Guideline Value for Bajanai Koil Street

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Poonthandalam village under the Tambaram Joint 1 SRO, classified as Residential Class I Type - I.

How the guideline value of Bajanai Koil Street has changed

In the 2017 revision, the guideline value for Bajanai Koil Street was Rs 335 per sq.ft. With the 2024 revision, it has increased to Rs 550 per sq.ft, marking a significant change of +64% over this period. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2017 revision, there are no recorded figures for Bajanai Koil Street in the revisions of 2023, 2012, 2007, 2003, and 2002. The only available figure before 2017 was Rs 335 per sq.ft, which was established in the 2017 revision.

Guideline values in Poonthandalam

Poonthandalam village has nine streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value. The values range from Rs 330 to Rs 550 per sq.ft, with a median of Rs 330 per sq.ft. Bajanai Koil Street's 2024 figure of Rs 550 per sq.ft is above this median.

• Baba koil street: Rs 330 per sq.ft (2024)
• Asariyar street: Rs 330 per sq.ft (2024)
• Gangaiamman koil street: Rs 330 per sq.ft (2024)
• Parathapper amman koil street: Rs 330 per sq.ft (2024)
• Perumal koil street: Rs 330 per sq.ft (2024)
• Pillayar koil street: Rs 330 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 550 per sq.ft, the guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the 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 Poonthandalam

The guideline value plays a crucial role in the registration process when buying or selling property in Poonthandalam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the fees are based on a standardized value rather than the negotiated sale price. This helps in maintaining transparency in 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 550 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 335 per sq.ft to Rs 550 per sq.ft, which is a change of +64%.

Are there any years without a guideline value for Bajanai Koil Street?

Yes, the register has no figures for Bajanai Koil Street for the years 2023, 2012, 2007, 2003, and 2002.

What is the median guideline value for streets in Poonthandalam?

The median guideline value for streets in Poonthandalam is Rs 330 per sq.ft. Bajanai Koil Street's value of Rs 550 per sq.ft is above this median.

Where is the Sub Registrar Office for Bajanai Koil Street located?

The Sub Registrar Office for Bajanai Koil Street is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.