Guideline Value for PERIYA BAJANAI KOIL STREET

Periya Bajanai Koil Street guideline value

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

How the guideline value of Periya Bajanai Koil Street has changed

The guideline value for Periya Bajanai Koil Street has undergone several revisions over the years. The earliest recorded value in the register is from 2007, where it was Rs 1,100 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a substantial rise of 264%. However, in 2017, the value decreased to Rs 2,680 per sq.ft, reflecting a decline of 33%. The value then increased to Rs 4,000 per sq.ft in 2023, followed by a further increase to Rs 4,400 per sq.ft in 2024, representing a 10% rise.

From 2017 to 2023, the guideline value rose by 49%. Overall, from 2007 to 2024, the increase in the guideline value is 300%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median value for these streets is Rs 5,500 per sq.ft, which means that the guideline value of Periya Bajanai Koil Street is below this median.

• Perambur Barracks Road (A) Veda Vinayagar Koil Street: Rs 6,600 per sq.ft (2024)
• Pensioner Lane: Rs 3,800 per sq.ft (2024)
• Payila Pachiappan Street: Rs 3,800 per sq.ft (2024)
• Parthasarathy Street: Rs 5,500 per sq.ft (2024)
• Perumal 1st Street: Rs 5,500 per sq.ft (2024)
• Perumal 2nd Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Periya 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 would be Rs 44,00,000. The stamp duty at 7% would amount to 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 the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Periya Bajanai Koil Street?

The Sub Registrar Office that covers Periya Bajanai Koil Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is a critical factor when buying or selling property in Purasaivakkam. It serves as a benchmark for determining the minimum price at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the actual sale price, whichever is higher. This ensures that all transactions are conducted transparently and fairly, following the established guidelines set by the Registration Department.

Frequently asked questions

What is the current guideline value of Periya Bajanai Koil Street?

The current guideline value of Periya 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 1,100 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 300% over this period.

What are the stamp duty and registration fees for properties 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 property registrations for Periya Bajanai Koil Street?

The Purasaivakkam Sub Registrar Office handles property registrations for Periya Bajanai Koil Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification of Periya Bajanai Koil Street?

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