Guideline Value for Bajanai Koil Street

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street in Sekkadu village under the Avadi SRO is Rs 1,320 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

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 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,200 per sq.ft in the 2023 revision, and subsequently rose to Rs 1,320 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

In examining the changes between revisions, the value increased by 49% from 2017 to 2023. However, from 2012 to 2017, there was a notable decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sekkadu

In Sekkadu, there are 56 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 930 to Rs 4,800 per sq.ft, with a median value of Rs 1,320 per sq.ft. Bajanai Koil Street's 2024 guideline value aligns with this median.

• Balakumaran Nagar: Rs 1,075 per sq.ft (2024)
• Anna Nagar: Rs 930 per sq.ft (2024)
• Angalamman Koil Street Kudiyiruppu: Rs 1,320 per sq.ft (2024)
• Angala Eswari Street: Rs 1,320 per sq.ft (2024)
• C.S.I. School Street: Rs 1,320 per sq.ft (2024)
• Defence Colony: Rs 1,075 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 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total cost for these fees to Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bajanai Koil Street?

The Bajanai Koil Street falls under 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 Sekkadu

The guideline value is a crucial factor in the registration of property transactions in Sekkadu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the buying or selling process.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street?

The current guideline value of Bajanai Koil Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Bajanai Koil Street?

Bajanai Koil Street is classified under Residential Class II Type - I land classification.

What are the stamp duty rates for properties in Bajanai Koil Street?

The stamp duty rate for properties in Bajanai Koil Street is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office handles registrations for Bajanai Koil Street?

The Avadi Sub Registrar Office handles registrations for Bajanai Koil Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.