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 Siruniyam village under the Redhills SRO, 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 undergone several revisions over the years. The 2007 revision set the value at Rs 300 per sq.ft, which increased to Rs 400 per sq.ft in 2012. However, there was a decrease to Rs 268 per sq.ft in 2017. The value then rose significantly to Rs 400 per sq.ft in 2023, and further increased by 10% to Rs 440 per sq.ft in the 2024 revision. The register has no figures for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 47%. The most notable change occurred from 2017 to 2023, with a rise of 49%, while the value dropped by 33% from 2012 to 2017.

Guideline values in Siruniyam

In Siruniyam village, there are 32 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 220 to Rs 1,500 per sq.ft. The median value among these streets is Rs 440 per sq.ft, which is the same as the guideline value for Bajanai Koil Street.

• Azhagathamman Nagar 2nd Street: Rs 440 per sq.ft (2024)
• Azhagathamman Nagar 1st Street: Rs 440 per sq.ft (2024)
• Anchaneyar Koil Street: Rs 330 per sq.ft (2024)
• Elshdoy Avenue: Rs 440 per sq.ft (2024)
• Gangaiamman Koil Street: Rs 440 per sq.ft (2024)
• Grish Blue Diamond: Rs 825 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 amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value and 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 Sub Registrar Office that covers 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 Siruniyam

The guideline value is a crucial factor during property registration in Siruniyam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is transparent and fair.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. Buyers should be aware of these values to better understand their financial obligations during the registration 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 300 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, with fluctuations in between, including a drop to Rs 268 per sq.ft in 2017.

What is the median guideline value for streets in Siruniyam?

The median guideline value for streets in Siruniyam is Rs 440 per sq.ft, which is the same as the value for Bajanai Koil Street.

What are the stamp duty and registration fees for properties on Bajanai Koil Street?

For a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 and the registration fee would be Rs 8,800, totaling Rs 39,600.

Where is the Sub Registrar Office for Bajanai Koil Street located?

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