Guideline Value for Bajanai Koil Street

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village, under the AnnaNagar SRO, and is classified as Residential Class II Type - I.

How the guideline value of Bajanai Koil Street has changed

The guideline value for Bajanai Koil Street has undergone several revisions over the years. The earliest recorded value was in 2007 at Rs 1,300 per sq.ft, which increased to Rs 2,000 per sq.ft in 2012, representing a 54% rise. However, this value then decreased by 33% to Rs 1,340 per sq.ft in 2017. The 2023 revision set the value at Rs 2,000 per sq.ft, which was a 49% increase from the previous figure. The most recent revision in 2024 has increased the guideline value to Rs 2,200 per sq.ft, marking a 10% rise from 2023.

It is important to note that there are no recorded figures for Bajanai Koil Street for the years 2002 and 2003. Overall, the guideline value has increased by 69% from 2007 to 2024.

Guideline values in Koyakbedu

Koyakbedu village has a total of 270 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median guideline value in this village is Rs 4,400 per sq.ft, making the current value of Bajanai Koil Street below that median.

• Bakthavachalam Lane: Rs 3,300 per sq.ft (2024)
• Balaji Nagar: Rs 3,300 per sq.ft (2024)
• Ayyappa Nagar Ist Street: Rs 4,900 per sq.ft (2024)
• Ayyappa Nagar 6th Street: Rs 4,900 per sq.ft (2024)
• Ayyappa Nagar 5th Street: Rs 4,900 per sq.ft (2024)
• Ayyappa Nagar 4th Street: Rs 4,900 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 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. 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.

Which Sub Registrar Office covers Bajanai Koil Street?

The Sub Registrar Office that covers Bajanai Koil Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Koyakbedu. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the sale or purchase of property.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the correct fees are collected based on the actual value of the property being transferred.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street?

The current guideline value of Bajanai Koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 69% over the years.

What is the median guideline value in Koyakbedu?

The median guideline value in Koyakbedu village is Rs 4,400 per sq.ft, with Bajanai Koil Street's current value being below this median.

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

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,98,000.

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

The Sub Registrar Office for Bajanai Koil Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.