Guideline Value for Bajanai Koil 1st Cross Street

Bajanai Koil 1st Cross Street guideline value

The current guideline value of Bajanai Koil 1st Cross Street is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Ottankaranai village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Bajanai Koil 1st Cross Street has changed

The guideline value for Bajanai Koil 1st Cross Street has undergone several revisions over the years. The most recent revision in 2024 maintains the rate at Rs 100 per sq.ft, the same as the 2023 revision. Prior to that, the 2017 revision recorded a value of Rs 54 per sq.ft, showing an 85% increase from 2017 to 2023. The 2012 revision had set the value at Rs 80 per sq.ft, which was a 33% decrease from the 2017 figure.

Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 25%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Ottankaranai

In Ottankaranai, there are a total of 8 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 300 per sq.ft. The median guideline value for these streets is Rs 150 per sq.ft, placing Bajanai Koil 1st Cross Street's 2024 figure below that median.

• Bajanai Koil 2nd Cross Street: Rs 100 per sq.ft (2024)
• Bajanai Koil Street: Rs 200 per sq.ft (2024)
• Erikarai Street: Rs 100 per sq.ft (2024)
• Ganapathy Nagar: Rs 200 per sq.ft (2024)
• Mcb Ragas Phase-II: Rs 200 per sq.ft (2024)
• Thai Avenue: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Koil 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, making the total cost for these fees Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Bajanai Koil 1st Cross Street?

The Sub Registrar Office that covers Bajanai Koil 1st Cross Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Ottankaranai. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers should be aware that the guideline value is the minimum value on which these fees are calculated.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in property dealings. It is essential for buyers and sellers to understand this value to accurately assess their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Bajanai Koil 1st Cross Street?

The current guideline value of Bajanai Koil 1st Cross Street is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, remaining at Rs 100 per sq.ft from 2023 to 2024, increasing from Rs 54 per sq.ft in 2017 to Rs 100 per sq.ft in 2023, and decreasing from Rs 80 per sq.ft in 2012 to Rs 54 per sq.ft in 2017.

What is the median guideline value for streets in Ottankaranai?

The median guideline value for streets in Ottankaranai is Rs 150 per sq.ft, with Bajanai Koil 1st Cross Street's 2024 value being below this median.

What are the stamp duty and registration fees for a property in Bajanai Koil 1st Cross Street?

For a property with a guideline value of Rs 1,00,000, the stamp duty would be Rs 7,000, and the registration fee would be Rs 2,000, totaling Rs 9,000 for a 1,000 sq.ft plot.

Which office handles registrations for Bajanai Koil 1st Cross Street?

The Sriperumpudur Sub Registrar Office handles registrations for Bajanai Koil 1st Cross Street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.