Guideline Value for Bajanai Koil Street

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Kanagam village under the Adayar SRO, classified as Residential Class III Type - I.

How the guideline value of Bajanai Koil Street has changed

Since the year 2002, the guideline value for Bajanai Koil Street has seen significant changes. In 2002, the value was Rs 165 per sq.ft, which increased to Rs 500 per sq.ft in 2003, marking a change of +203%. The value continued to rise, reaching Rs 800 per sq.ft in 2007, an increase of +60%. In 2012, the value was Rs 2,500 per sq.ft, reflecting a substantial increase of +213% from the previous revision. However, it decreased to Rs 1,675 per sq.ft in 2017, a drop of -33%. The value then rose to Rs 2,500 per sq.ft in 2023, followed by the current value of Rs 2,800 per sq.ft in 2024, representing a change of +12%.

Overall, from 2002 to 2024, the guideline value has increased by +1597%. The register has no figures for the revisions in years other than those listed.

Guideline values in Kanagam

In Kanagam, there are 15 streets under the Adayar SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 13,800 per sq.ft. The median value is Rs 2,800 per sq.ft, which is equal to the guideline value of Bajanai Koil Street.

• Anna Street: Rs 3,300 per sq.ft (2024)
• Bharathiyar Street: Rs 2,800 per sq.ft (2024)
• Canal Bank Road O.M.R from Madhya Kailash: Rs 13,800 per sq.ft (2024)
• Dr.Ambethkar Street: Rs 2,800 per sq.ft (2024)
• Gandhi Street: Rs 2,800 per sq.ft (2024)
• Kanagam Road: Rs 3,900 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 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, totaling Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further 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 Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is crucial during the registration process of property transactions in Kanagam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value serves as a benchmark for the minimum price at which the property can be registered.

When selling property, the guideline value helps in establishing a fair price for the transaction. It ensures that the government receives the appropriate revenue from stamp duty and registration fees based on the property's value.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street?

The current guideline value of Bajanai Koil Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 165 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, an overall increase of +1597%.

What is the land classification for Bajanai Koil Street?

Bajanai Koil Street is classified as Residential Class III Type - I.

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

The total stamp duty and registration fees for a 1,000 sq.ft plot at the current guideline value would be Rs 2,52,000.

Which Sub Registrar Office covers Bajanai Koil Street?

The Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, covers Bajanai Koil Street.