Guideline Value for Bajanai Koil Street

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street in Pulikoradu village is Rs 1,650 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Bajanai Koil Street has changed

Looking at the revisions, the guideline value for Bajanai Koil Street has seen significant changes over the years. The 2007 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2012 revision, where it was still Rs 1,500 per sq.ft. The next revision in 2023 also kept the value at Rs 1,500 per sq.ft. Finally, the 2024 revision increased the value to Rs 1,650 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, there has been a substantial increase of 725%. Notably, there are no figures recorded for Bajanai Koil Street in the years 2002, 2003, and 2017.

Guideline values in Pulikoradu

In Pulikoradu, there are 62 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 value is Rs 880 per sq.ft, which means Bajanai Koil Street's 2024 guideline value is above this median.

• Arputham nagar: Rs 880 per sq.ft (2024)
• Bharathi Nagar: Rs 1,650 per sq.ft (2024)
• Bharathi Nagar Ext: Rs 1,650 per sq.ft (2024)
• Bharathiyar Street: Rs 880 per sq.ft (2024)
• Anna Street: Rs 880 per sq.ft (2024)
• Burma Colony: Rs 880 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 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more detailed calculations, 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 Pulikoradu

The guideline value is a crucial factor during property transactions in Pulikoradu, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is in compliance with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall costs associated with property registration. This value ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street?

The current guideline value of Bajanai Koil Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased from Rs 200 per sq.ft to Rs 1,650 per sq.ft in 2024, marking an overall increase of 725%.

What is the median guideline value in Pulikoradu?

The median guideline value in Pulikoradu is Rs 880 per sq.ft, with Bajanai Koil Street's 2024 value being above this median.

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

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500, and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles the registration for Bajanai Koil Street?

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