Guideline Value for Bajanai Koil Street

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 6,100 per sq.ft, effective from 1 July 2024. This street is located in Kottur village under the Adayar SRO, classified as Residential Class III 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. The earliest recorded figure was Rs 632 per sq.ft in 2002, which increased to Rs 681 per sq.ft in 2003. Following this, the value rose significantly to Rs 2,500 per sq.ft in 2007, marking a 267% increase. The value then saw another increase to Rs 5,500 per sq.ft in 2012, but this was a decrease of 33% from the previous figure. The guideline value remained at Rs 5,500 per sq.ft in 2023 before rising to Rs 6,100 per sq.ft in 2024, reflecting an 11% increase.

Overall, from 2002 to 2024, the guideline value has increased by 865%. The revisions from 2017 to 2023 saw a 49% increase, while the jump from 2007 to 2012 represented a 120% increase. It is important to note that there are no figures available for the years not listed in the register for this street.

Guideline values in Kottur

Kottur village has a total of 114 streets under the Adayar SRO, with the 2024 guideline values ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median value for these streets is Rs 6,100 per sq.ft, which is the same as the current value for Bajanai Koil Street.

• Avvai Colony: Rs 5,000 per sq.ft (2024)
• Balaji Street: Rs 6,100 per sq.ft (2024)
• Bharathi Avenue: Rs 5,000 per sq.ft (2024)
• Bharathi Avenue 1st Street: Rs 5,000 per sq.ft (2024)
• Bharathi Avenue 2nd Street: Rs 5,000 per sq.ft (2024)
• Angalamman Koil Street: Rs 3,300 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 6,100 per sq.ft, the total guideline value would be Rs 61,00,000. The stamp duty at 7% would amount to Rs 4,27,000, while the registration fee at 2% would be Rs 1,22,000. Together, the total cost for these charges would be Rs 5,49,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

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, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions.

When a buyer approaches the registration office, the guideline value will be considered alongside the sale price. The higher of the two values will be used to calculate the applicable duties and fees, ensuring that all transactions are conducted fairly and transparently.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street?

The current guideline value of Bajanai Koil Street is Rs 6,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 632 per sq.ft in 2002 to Rs 6,100 per sq.ft in 2024, marking an overall increase of 865% over this period.

What is the land classification for Bajanai Koil Street?

Bajanai Koil Street is classified as Residential Class III Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Bajanai Koil Street?

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

How is the stamp duty calculated for property transactions?

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 61,00,000 would incur a stamp duty of Rs 4,27,000 at a rate of 7%.