Guideline Value for Bajanai Koil Street

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Padappai village, under the Padappai SRO, and is classified as Residential Class V Type - III.

How the guideline value of Bajanai Koil Street has changed

The guideline value for Bajanai Koil Street has seen several revisions over the years. In the 2007 revision, the value was set at Rs 50 per sq.ft. This increased significantly to Rs 400 per sq.ft in the 2012 revision, marking a 700% rise. However, in the 2017 revision, the value dropped to Rs 268 per sq.ft, reflecting a decrease of 33%. The 2023 revision saw a notable increase to Rs 400 per sq.ft, and the most recent 2024 revision set the value at Rs 440 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 780%.

Guideline values in Padappai

In Padappai village, there are 146 streets under the Padappai SRO that have a 2024 guideline value ranging from Rs 440 to Rs 4,000 per sq.ft. The median value for these streets is Rs 830 per sq.ft, indicating that Bajanai Koil Street's 2024 figure is below this median.

• Balaji Nagar: Rs 830 per sq.ft (2024)
• Auric Homes: Rs 990 per sq.ft (2024)
• Asha Nagar: Rs 3,300 per sq.ft (2024)
• Arumugam Nagar: Rs 830 per sq.ft (2024)
• Bazar Street: Rs 3,300 per sq.ft (2024)
• Bharathi Nagar: Rs 1,320 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 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total to Rs 39,600. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Bajanai Koil Street?

The Sub Registrar Office that covers Bajanai Koil Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is an essential factor in property transactions in Padappai, 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 applicable stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

It is important for buyers and sellers to be aware of the current guideline value, as it plays a crucial role in the overall cost of property transactions. Understanding the guideline 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 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, representing an overall increase of 780% over the years.

What are the guideline values of other streets in Padappai?

Other streets in Padappai have varying guideline values, with rates ranging from Rs 440 to Rs 4,000 per sq.ft. The median value for these streets is Rs 830 per sq.ft.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 39,600.

Which office handles property registrations for Bajanai Koil Street?

The Padappai Sub Registrar Office handles property registrations for Bajanai Koil Street, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301.