Guideline Value for BAJANAI KOIL STREET (WARD -19)

Bajanai Koil Street (Ward -19) guideline value

The current guideline value of Bajanai Koil Street (Ward -19) is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Bajanai Koil Street (Ward -19) has changed

In the 2012 revision, the guideline value for Bajanai Koil Street was Rs 500 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 335 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 500 per sq.ft in the 2023 revision, reflecting a 49% rise. The most recent revision in 2024 set the value at Rs 550 per sq.ft, which is a 10% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing Bajanai Koil Street's 2024 figure below that median.

• Bajanai Koil Street (Ward -17): Rs 660 per sq.ft (2024)
• Bajanai Koil Street (Ward -15): Rs 550 per sq.ft (2024)
• Azhahiri Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Ayya Nagar (Sa): Rs 550 per sq.ft (2024)
• Balaji Nagar (Ward -19): Rs 661 per sq.ft (2024)
• Avvaiyar Street (Ward -7): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Koil Street (Ward -19)

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, bringing the total to Rs 49,500. 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 Bajanai Koil Street (Ward -19)?

The Sub Registrar Office that covers Bajanai Koil Street (Ward -19) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration process when buying or selling property in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. This system helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street (Ward -19)?

The current guideline value of Bajanai Koil Street (Ward -19) 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 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Bajanai Koil Street (Ward -19)?

The land classification for Bajanai Koil Street (Ward -19) is Residential Class II Type - II.

Which office handles registrations for properties in this area?

The Chengleput Joint II Sub Registrar Office handles registrations for properties in Bajanai Koil Street (Ward -19), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Bajanai Koil Street (Ward -19)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 5,50,000, with a stamp duty of Rs 38,500 at 7%.