Guideline Value for Bajanain Koil Street

Bajanain Koil Street guideline value

The current guideline value of Bajanain Koil Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Pullilyon village and falls under the Redhills SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Bajanain Koil Street has changed

The guideline value for Bajanain Koil Street has seen several revisions over the years. The earliest available figure is from 2007, where the value was Rs 200 per sq.ft. This increased to Rs 400 per sq.ft in 2012, followed by a decrease to Rs 335 per sq.ft in 2017. The value then rose significantly to Rs 500 per sq.ft in 2023, and currently stands at Rs 550 per sq.ft from the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Between the revisions, the changes are as follows: from 2007 to 2012, the value increased by 100%; from 2012 to 2017, it decreased by 16%; from 2017 to 2023, it rose by 49%; and finally, from 2023 to 2024, it increased by 10%. Overall, the guideline value has increased by 175% from 2007 to 2024.

Guideline values in Pullilyon

In Pullilyon, there are 77 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in the village is Rs 700 per sq.ft, which means that Bajanain Koil Street's current value is below this median.

• Balaji Garden: Rs 770 per sq.ft (2024)
• Balaji Garden Annex: Rs 770 per sq.ft (2024)
• Balaji Garden Annex 1: Rs 770 per sq.ft (2024)
• Balaji Garden Annexe - II: Rs 770 per sq.ft (2024)
• Anna Nagar: Rs 440 per sq.ft (2024)
• Bhathrakaliamman Nagar: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanain Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, making the total cost for these fees Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bajanain Koil Street?

The Sub Registrar Office that covers Bajanain Koil Street is the Redhills Sub Registrar Office. The office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for any further inquiries.

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

The guideline value is a crucial factor in property transactions in Pullilyon. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees. Buyers and sellers must be aware of the guideline value to understand the financial implications of their transactions.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable stamp duty and registration fees. This ensures that all transactions are conducted transparently and fairly, in accordance with the regulations set forth by the state.

Frequently asked questions

What is the current guideline value of Bajanain Koil Street?

The current guideline value of Bajanain Koil Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, reflecting an overall increase of 175% over the years.

What are the other streets with guideline values in Pullilyon?

Other streets in Pullilyon include Balaji Garden, Balaji Garden Annex, Balaji Garden Annex 1, Balaji Garden Annexe - II, Anna Nagar, and Bhathrakaliamman Nagar, with values ranging from Rs 440 to Rs 770 per sq.ft in 2024.

What fees are associated with buying property on Bajanain Koil Street?

When buying property on Bajanain Koil Street, buyers should consider the stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

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

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