Guideline Value for Bajanai Koil Street

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 530 per sq.ft, effective from 1 July 2024. This street is located in Cheranancheri village and falls under the Avadi SRO. The land classification for this area is Residential Class I 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 2012 revision set the value at Rs 500 per sq.ft, which was then reduced to Rs 335 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 500 per sq.ft. The most recent 2024 revision has further increased it to Rs 530 per sq.ft, marking a 6% rise from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 6%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Cheranancheri

In Cheranancheri, there are 31 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 274 to Rs 3,000 per sq.ft, with a median value of Rs 1,540 per sq.ft. Bajanai Koil Street's 2024 figure of Rs 530 per sq.ft is below this median.

• Annai Indira Nagar: Rs 274 per sq.ft (2024)
• Annai Indira Gandhi Nagar: Rs 580 per sq.ft (2024)
• Chokkalingam Amsaveni Nagar: Rs 274 per sq.ft (2024)
• Coral Crest By Urban Tree: Rs 2,200 per sq.ft (2024)
• Aditra Garder Phase - II: Rs 1,540 per sq.ft (2024)
• Aditra Garden Phase - I: Rs 1,540 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 530 per sq.ft, the total guideline value would be Rs 5,30,000. The stamp duty at 7% would amount to Rs 37,100, while the registration fee at 2% would be Rs 10,600. Together, the total cost for these fees would be Rs 47,700. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bajanai Koil Street?

Bajanai Koil Street is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Cheranancheri. It serves as a benchmark for determining the minimum value of a property, ensuring that transactions are recorded accurately and transparently.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street?

The current guideline value of Bajanai Koil Street is Rs 530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then back to Rs 500 per sq.ft in 2023, and finally to Rs 530 per sq.ft in 2024.

What are the stamp duty and registration fees for properties on this street?

For a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 5,30,000. The stamp duty would be Rs 37,100 and the registration fee would be Rs 10,600, totaling Rs 47,700.

Which Sub Registrar Office covers Bajanai Koil Street?

Bajanai Koil Street is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification of Bajanai Koil Street?

The land classification for Bajanai Koil Street is Residential Class I Type - I, indicating its suitability for residential development.