Guideline Value for Bajanai Koil Street

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 1,500 per sq.ft, as per the 2024 revision effective from 1 July 2024. This street is located in Kathirvedu village under the Ambattur SRO, classified as Residential Class II Type - II.

How the guideline value of Bajanai Koil Street has changed

The guideline value for Bajanai Koil Street has seen significant changes over the years. In the 2002 revision, the value was Rs 63 per sq.ft, which increased to Rs 90 per sq.ft in 2003. Following this, the value rose to Rs 272 per sq.ft in 2007, and then to Rs 1,400 per sq.ft in 2012. However, it dropped to Rs 938 per sq.ft in 2017 before increasing to Rs 1,400 per sq.ft in 2023, and finally reaching Rs 1,500 per sq.ft in 2024. The changes between these revisions include a 43% increase from 2002 to 2003, a 202% increase from 2003 to 2007, a 415% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 7% increase from 2023 to 2024.

Overall, from 2002 to 2024, the guideline value has increased by 2,281%. There are no figures available for any other years in the register for this street.

Guideline values in Kathirvedu

In Kathirvedu, there are 78 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 1,500 per sq.ft, which is equal to the current guideline value of Bajanai Koil Street.

• Babuji Nagar: Rs 1,500 per sq.ft (2024)
• Asian Street: Rs 1,100 per sq.ft (2024)
• Bala Murugan Nagar: Rs 1,500 per sq.ft (2024)
• Anna Street: Rs 1,100 per sq.ft (2024)
• Bharathiyar Street: Rs 1,300 per sq.ft (2024)
• Bhavya Avenue: Rs 1,500 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, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, making the total cost for these fees Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details on calculating these fees.

Which Sub Registrar Office covers Bajanai Koil Street?

The Sub Registrar Office that covers Bajanai Koil Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.

For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Kathirvedu. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees. This ensures that the fees are calculated based on a standardized value set by the government.

It is essential for buyers and sellers to be aware of the current guideline value as it directly impacts the overall cost involved in the transaction. Understanding this value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street?

The current guideline value of Bajanai Koil Street is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Bajanai Koil Street has increased from Rs 63 per sq.ft in 2002 to Rs 1,500 per sq.ft in 2024, showing a significant overall increase of 2,281% over the years.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,05,000, and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Which Sub Registrar Office covers Bajanai Koil Street?

The Ambattur Sub Registrar Office covers Bajanai Koil Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.

What is the land classification for Bajanai Koil Street?

Bajanai Koil Street is classified as Residential Class II Type - II, which is important for understanding its usage and potential development regulations.