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, effective from 1 July 2024. This street is located in Pattravakkam village under the Konnur SRO, classified as Residential Class II Type - I.

How the guideline value of Bajanai Koil Street has changed

Over the years, the guideline value of Bajanai Koil Street has seen several revisions. The 2007 revision set the value at Rs 500 per sq.ft, which increased significantly to Rs 1,400 per sq.ft in 2012, marking a rise of 180%. However, in 2017, the value dropped to Rs 938 per sq.ft, reflecting a decrease of 33%. The 2023 revision raised it to Rs 1,400 per sq.ft, and the most recent 2024 revision brought it to Rs 1,500 per sq.ft, an increase of 7% from the previous year. The register has no figure for this street in 2002 and 2003.

From the 2007 revision to the 2024 revision, the overall increase in guideline value is 200%. The changes from each revision demonstrate fluctuations, with the highest value recorded in 2024 at Rs 1,500 per sq.ft, which aligns with the median value of Rs 1,500 per sq.ft for the 34 streets in Pattravakkam under the Konnur SRO.

Guideline values in Pattravakkam

In Pattravakkam, the guideline values range from Rs 1,100 to Rs 4,900 per sq.ft as of 2024, with the median value being Rs 1,500 per sq.ft. Bajanai Koil Street's 2024 value is equal to this median.

• Balamurugan Nagar: Rs 1,100 per sq.ft (2024)
• Bramana Street: Rs 2,200 per sq.ft (2024)
• Ambathur Industrial Estate: Rs 4,900 per sq.ft (2024)
• D.T.P. Colony & Streets: Rs 2,200 per sq.ft (2024)
• Ganamoorthi Nagar Extension & Streets & Lanes: Rs 2,200 per sq.ft (2024)
• Gnanamoorthi Street: Rs 2,200 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 1,500 per sq.ft, 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, leading to a total of Rs 1,35,000 for the transaction. It is important to note that the 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?

The Sub Registrar Office that covers Bajanai Koil Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Pattravakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is legally compliant.

Additionally, the guideline value helps in establishing a standard for property transactions in the area, providing transparency and consistency in the real estate market. Buyers and sellers should be aware of the current guideline value to ensure fair dealings during property transactions.

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 has changed from Rs 500 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2024, reflecting an overall increase of 200% over this period.

What are the other streets in Pattravakkam?

Other streets in Pattravakkam include Balamurugan Nagar, Bramana Street, Ambathur Industrial Estate, D.T.P. Colony & Streets, Ganamoorthi Nagar Extension & Streets & Lanes, and Gnanamoorthi Street, each with varying guideline values.

What is the stamp duty rate for properties in Bajanai Koil Street?

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

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Konnur Sub Registrar Office located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai, Chennai registration zone.