Guideline Value for Bajanai Koil Street

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Thirumudivakkam village, under the Padappai SRO, and is classified as Residential Class I Type - I.

How the guideline value of Bajanai Koil Street has changed

The guideline value for Bajanai Koil Street has seen several revisions over the years. The earliest registered figure is from 2017, where it was Rs 536 per sq.ft. This figure increased to Rs 800 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has set the value at Rs 880 per sq.ft, reflecting a 10% increase from 2023. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no registered figures for the years 2002, 2003, 2007, and 2012 for this street, indicating that the guideline value was not recorded during those revisions.

Guideline values in Thirumudivakkam

In Thirumudivakkam, there are 56 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 3,860 per sq.ft. The median guideline value is Rs 1,320 per sq.ft, placing Bajanai Koil Street's 2024 figure below this median.

• Astalakshmi Nagar: Rs 880 per sq.ft (2024)
• Arunagiri Nagar: Rs 880 per sq.ft (2024)
• A.R.Rahman Nagar: Rs 1,320 per sq.ft (2024)
• Anna Baba Nagar: Rs 880 per sq.ft (2024)
• Casa Grand Bloom-III: Rs 2,150 per sq.ft (2024)
• Amarprakash Developers: 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 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. Please note that the duty is charged on the higher of the guideline value or the sale price.

To calculate your own fees, you can use the stamp duty and registration fee calculator.

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 more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thirumudivakkam. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees payable at the time of transaction.

When a property is sold, the guideline value is compared to the sale price, and the duty is charged on the higher of the two amounts. This ensures that the government receives the appropriate fees based on the property's value at the time of sale.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street?

The current guideline value of Bajanai Koil Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 536 per sq.ft in 2017 to Rs 880 per sq.ft in 2024, marking a 64% overall increase over the years.

What are the other streets in Thirumudivakkam with similar guideline values?

Other streets in Thirumudivakkam with similar guideline values include Astalakshmi Nagar, Arunagiri Nagar, and Anna Baba Nagar, all at Rs 880 per sq.ft in 2024.

What fees are associated with property registration in Bajanai Koil Street?

The fees associated with property registration include stamp duty at 7% and registration fees at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Bajanai Koil Street?

The Sub Registrar Office for Bajanai Koil Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.