Guideline Value for Bajanai Koil street

Bajanai Koil street guideline value

The current guideline value of Bajanai Koil street in Naduvakkarai village, under the AnnaNagar SRO, is Rs 12,600 per sq.ft, effective from 1 July 2024. This street is classified as Residential Special 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 the 2012 revision, the value was set at Rs 11,500 per sq.ft. This figure decreased to Rs 7,705 per sq.ft in the 2017 revision, marking a decline of 33%. However, the following revision in 2023 saw a significant increase to Rs 11,500 per sq.ft, a rise of 49%. Most recently, the 2024 revision established the current guideline value at Rs 12,600 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the current 2024 figure, there has been a net increase of 10%.

Guideline values in Naduvakkarai

Naduvakkarai village features 148 streets under the AnnaNagar SRO, with guideline values ranging from Rs 3,300 to Rs 15,900 per sq.ft. The median value for these streets is Rs 11,500 per sq.ft, positioning Bajanai Koil street's 2024 figure above this median.

• Anna Street, New Colony: Rs 5,400 per sq.ft (2024)
• Block AA 1st Street -30’: Rs 11,500 per sq.ft (2024)
• Block AA 2nd Street -30’: Rs 11,500 per sq.ft (2024)
• Block AA 3rd Street -30’: Rs 11,500 per sq.ft (2024)
• Block AA 4th Street -30’: Rs 11,500 per sq.ft (2024)
• Annai Anjugam Nagar: Rs 5,500 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 12,600 per sq.ft, the total guideline value amounts to Rs 1,26,00,000. The stamp duty at 7% would be Rs 8,82,000, and the registration fee at 2% would be Rs 2,52,000, bringing the total fees to Rs 11,34,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, 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 AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Naduvakkarai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in transactions.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations involved in 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 12,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 11,500 per sq.ft in 2012 to Rs 7,705 per sq.ft in 2017, then increased to Rs 11,500 per sq.ft in 2023, and finally to Rs 12,600 per sq.ft in 2024.

What is the land classification for Bajanai Koil street?

Bajanai Koil street is classified as Residential Special Type - I.

Where can I find the registration office for Bajanai Koil street?

The registration office for Bajanai Koil street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Bajanai Koil street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,26,00,000, the stamp duty would be Rs 8,82,000 at 7%.