Guideline Value for Bajanai Koil Street

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street in Attanthangal village, under the Redhills SRO, is Rs 880 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

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 2003, the value was Rs 20 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2007, marking a change of +1400%. The value then rose to Rs 800 per sq.ft in 2012, reflecting a +167% increase. However, it decreased to Rs 536 per sq.ft in 2017, which was a drop of -33%. The 2023 revision set the value at Rs 800 per sq.ft, and the most recent revision in 2024 raised it to Rs 880 per sq.ft, an increase of +10%.

Overall, from 2003 to 2024, the guideline value has increased by +4300%. The register has no figure for the year 2002 for this street.

Guideline values in Attanthangal

In Attanthangal, there are 80 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 440 to Rs 880 per sq.ft. The median value is Rs 880 per sq.ft, which is equal to the current guideline value of Bajanai Koil Street.

• Balaganear Nagar 10th Street: Rs 880 per sq.ft (2024)
• Bala Ganesar Nagar: Rs 880 per sq.ft (2024)
• Balaganesar Nagar 11th Street: Rs 880 per sq.ft (2024)
• Balaganesar Nagar 12th Street: Rs 880 per sq.ft (2024)
• Balaganesar Nagar 13th Street: Rs 880 per sq.ft (2024)
• Balaganesar Nagar 14th Street: Rs 880 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, bringing the total to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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 covering Bajanai Koil Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Attanthangal. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers adhere to the legal requirements set by the Registration Department.

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 much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 20 per sq.ft in 2003 to Rs 880 per sq.ft in 2024, marking an overall increase of +4300% over this period.

What is the land classification for Bajanai Koil Street?

Bajanai Koil Street is classified as Residential Class I Type - I, which indicates its suitability for residential development.

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

The Sub Registrar Office for Bajanai Koil Street is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in Bajanai Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 at a rate of 7%.