Guideline Value for Bajanai Koil Street

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Siruvallur village, under the Sembiam SRO, and is classified as Residential Class III Type - I.

How the guideline value of Bajanai Koil Street has changed

Over the years, the guideline value of Bajanai Koil Street has seen significant changes. In the 2002 revision, the value was Rs 357 per sq.ft. This increased to Rs 392 per sq.ft in 2003, marking a 10% rise. The value then underwent a substantial increase to Rs 1,000 per sq.ft in 2007, which was an increase of 155%. Following this, the 2012 revision showed a decrease to Rs 1,800 per sq.ft, a drop of 33%. The value rebounded to Rs 1,206 per sq.ft in 2017, reflecting a 49% increase from the previous revision. The 2023 revision set the value at Rs 1,800 per sq.ft, and the latest 2024 revision has raised it to Rs 1,900 per sq.ft, which is a 6% increase.

There are no figures available for the revisions in years not mentioned in the provided data. The overall change from 2002 to 2024 shows an increase of 432% in the guideline value.

Guideline values in Siruvallur

In Siruvallur village, there are 86 streets under the Sembiam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 6,600 per sq.ft. The median value is Rs 1,900 per sq.ft, which is equal to the current guideline value of Bajanai Koil Street.

• Ballardu Street: Rs 3,300 per sq.ft (2024)
• Arumuga Mudali Street: Rs 2,200 per sq.ft (2024)
• Beer Shop Street / Lane: Rs 1,900 per sq.ft (2024)
• Bundhar Garden 1st Street: Rs 3,600 per sq.ft (2024)
• Bundhar Garden 2nd Street: Rs 3,600 per sq.ft (2024)
• Bundhar Garden 3rd Street: Rs 3,600 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 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty, charged at 7%, would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000. Therefore, the total cost for these fees together would be Rs 1,71,000. 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 accurate calculations.

Which Sub Registrar Office covers Bajanai Koil Street?

The Sub Registrar Office that covers Bajanai Koil Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling a property in Siruvallur, the guideline value is used to calculate the applicable stamp duty and registration fees, which are essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street?

The current guideline value of Bajanai Koil Street is Rs 1,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, with an overall increase of 432% from Rs 357 per sq.ft in 2002 to Rs 1,900 per sq.ft in 2024.

What is the land classification of Bajanai Koil Street?

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

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000 and the registration fee would be Rs 38,000, totaling Rs 1,71,000.

Which office handles registrations for Bajanai Koil Street?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, handles registrations for Bajanai Koil Street.