Guideline Value for Ethiraj Naikkan Bajanai Koil Street

Ethiraj Naikkan Bajanai Koil Street guideline value

The current guideline value of Ethiraj Naikkan Bajanai Koil Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Pallipattu village, under the Adayar SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Ethiraj Naikkan Bajanai Koil Street has changed

The guideline value for Ethiraj Naikkan Bajanai Koil Street has seen several revisions over the years. In 2003, the value was Rs 1,001 per sq.ft, which increased to Rs 1,750 per sq.ft in 2007, marking a 75% increase. The value then rose significantly to Rs 4,000 per sq.ft in 2012, reflecting a 129% increase. However, it dropped to Rs 2,680 per sq.ft in 2017, a decrease of 33%. The value then surged to Rs 4,000 per sq.ft in 2023, before reaching the current figure of Rs 4,400 per sq.ft in 2024, representing a 10% increase.

Overall, from 2003 to 2024, the guideline value has increased by 340%. It is important to note that there is no figure available for the year 2002 in the register for this street.

Guideline values in Pallipattu

In Pallipattu, there are 72 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 15,400 per sq.ft, with the median value being Rs 9,400 per sq.ft. Ethiraj Naikkan Bajanai Koil Street's current guideline value is below this median.

• Dhanalakshmi Avenue 3rd Street: Rs 6,600 per sq.ft (2024)
• Dhanalakshmi Avenue 2nd Street: Rs 6,600 per sq.ft (2024)
• Dhanalakshmi Avenue 1st Street: Rs 6,600 per sq.ft (2024)
• Canal Road: Rs 5,000 per sq.ft (2024)
• Canal Bank Road: Rs 9,400 per sq.ft (2024)
• Bharathi Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ethiraj Naikkan Bajanai Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. It is important to note that 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 Ethiraj Naikkan Bajanai Koil Street?

The Sub Registrar Office that covers Ethiraj Naikkan Bajanai Koil Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Pallipattu. It serves as a benchmark for determining the amount of stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware that the guideline value can influence the overall cost of the transaction.

When registering a property, the guideline value is assessed to ensure that the transaction is compliant with local regulations. It is important for both buyers and sellers to understand the guideline value as it directly affects the financial aspects of property transactions.

Frequently asked questions

What is the current guideline value of Ethiraj Naikkan Bajanai Koil Street?

The current guideline value of Ethiraj Naikkan Bajanai Koil Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,001 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 340% over this period.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for Ethiraj Naikkan Bajanai Koil Street?

The Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, handles registrations for Ethiraj Naikkan Bajanai Koil Street.

What is the land classification for Ethiraj Naikkan Bajanai Koil Street?

Ethiraj Naikkan Bajanai Koil Street is classified as Residential Class IV Type - I.