Guideline Value for Bharathi Nagar Bajanai Koil Street

Bharathi Nagar Bajanai Koil Street guideline value

The current guideline value of Bharathi Nagar Bajanai Koil Street is Rs 1,800 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Bharathi Nagar Bajanai Koil Street has changed

The guideline value for Bharathi Nagar Bajanai Koil Street has undergone several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which increased significantly to Rs 1,700 per sq.ft in 2012. However, it dropped to Rs 1,139 per sq.ft in 2017 before rising to Rs 1,700 per sq.ft in 2023. The latest revision in 2024 has set the guideline value at Rs 1,800 per sq.ft, marking a 6% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 200%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. Bharathi Nagar Bajanai Koil Street's 2024 figure is below this median.

• Bharathi Nagar Extension: Rs 1,400 per sq.ft (2024)
• Bharathi Nagar Mada Koil Street: Rs 1,800 per sq.ft (2024)
• Bharathi Nagar Palayathan Street: Rs 1,800 per sq.ft (2024)
• Bharathi Nagar Pallikuda Street: Rs 1,800 per sq.ft (2024)
• Bharathiyar Street: Rs 850 per sq.ft (2024)
• Bharath Nagar: Rs 850 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Nagar Bajanai Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value would be Rs 18,00,000. The stamp duty at 7% would amount to Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, totaling Rs 1,62,000. 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 details.

Which Sub Registrar Office covers Bharathi Nagar Bajanai Koil Street?

The Sub Registrar Office that covers Bharathi Nagar Bajanai Koil Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Selaiyur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold, ensuring that these costs are based on an official valuation.

When a buyer or seller engages in a property transaction, the guideline value is referenced to ensure compliance with local regulations. This helps maintain transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Bharathi Nagar Bajanai Koil Street?

The current guideline value of Bharathi Nagar Bajanai Koil Street is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,800 per sq.ft in 2024, marking a total increase of 200% over this period.

What are the other streets nearby with their guideline values?

Other streets in Selaiyur include Bharathi Nagar Extension at Rs 1,400 per sq.ft, Bharathi Nagar Mada Koil Street at Rs 1,800 per sq.ft, Bharathi Nagar Palayathan Street at Rs 1,800 per sq.ft, Bharathi Nagar Pallikuda Street at Rs 1,800 per sq.ft, Bharathiyar Street at Rs 850 per sq.ft, and Bharath Nagar at Rs 850 per sq.ft.

What is the stamp duty rate for properties in Bharathi Nagar Bajanai Koil Street?

The stamp duty rate for properties in Bharathi Nagar Bajanai Koil Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. You can find more information by visiting the appropriate link.