Guideline Value for Bajanai Koil Street

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Theerthangiriyampattu village, under the Redhills SRO, and is classified as Industries 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. In 2007, the value was Rs 500 per sq.ft, which increased to Rs 700 per sq.ft in 2012, marking a 40% rise. However, from 2012 to 2017, the value decreased by 33% to Rs 469 per sq.ft. The value then saw a significant increase of 49% to reach Rs 700 per sq.ft in 2023, followed by a further increase of 10% to Rs 770 per sq.ft in the 2024 revision.

There are no figures available for the years 2002 and 2003 for Bajanai Koil Street. Overall, from 2007 to 2024, the guideline value has increased by 54%.

Guideline values in Theerthangiriyampattu

In Theerthangiriyampattu, there are 24 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 880 per sq.ft. The median value for these streets is Rs 605 per sq.ft, placing Bajanai Koil Street's 2024 figure above this median.

• Angamman Koil Street: Rs 440 per sq.ft (2024)
• Cheran Street: Rs 770 per sq.ft (2024)
• Gandhi Street: Rs 770 per sq.ft (2024)
• Gangai Amman Koil Street: Rs 330 per sq.ft (2024)
• Kamarajar Street: Rs 770 per sq.ft (2024)
• Kannappar Street: Rs 770 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 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, while the registration fee at 2% would be Rs 15,400, bringing the total fees to Rs 69,300. 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 our 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 Theerthangiriyampattu

The guideline value is a critical factor in the registration process when buying or selling property in Theerthangiriyampattu. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the established guideline value rather than the sale price.

When registering a property, it is essential to consider the guideline value, as it is used to assess the appropriate fees payable. Buyers and sellers should be aware that the registration office will refer to the current guideline value to determine the applicable charges during the transaction.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street?

The current guideline value of Bajanai Koil Street is Rs 770 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 770 per sq.ft in 2024, reflecting an overall increase of 54% over the period.

What are the stamp duty and registration fees for properties on 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 fees would amount to Rs 69,300.

What is the land classification for Bajanai Koil Street?

Bajanai Koil Street is classified as Industries Type - I, indicating its suitability for industrial development.

Which office handles registrations for Bajanai Koil Street?

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