Guideline Value for Bajanai Koil 1st Street

Bajanai Koil 1st Street guideline value

The current guideline value of Bajanai Koil 1st Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Kandamangalam village, under the Sriperumpudur SRO, and is classified as Residential Special Type - I.

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

The guideline value for Bajanai Koil 1st Street has undergone several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged in the subsequent revisions of 2017 and 2023. The 2017 revision saw an increase to Rs 134 per sq.ft, marking a 49% rise by 2023, but the value reverted to Rs 200 per sq.ft in both 2012 and 2024 revisions, resulting in an overall change of 0% from 2012 to 2024.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. The latest revision in 2024 maintains the value at Rs 200 per sq.ft, consistent with the 2023 revision, indicating no change between these two years.

Guideline values in Kandamangalam

In Kandamangalam, there are 10 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 510 per sq.ft, with a median value of Rs 200 per sq.ft. Bajanai Koil 1st Street's 2024 figure aligns with this median.

• Bajanai Koil 2nd Street: Rs 200 per sq.ft (2024)
• Bajanai Koil 3rd Street: Rs 200 per sq.ft (2024)
• Bajanai Koil 4th Street: Rs 200 per sq.ft (2024)
• Bajanai Koil Street: Rs 200 per sq.ft (2024)
• Dell city: Rs 510 per sq.ft (2024)
• Habeeb Avenue: Rs 500 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total charges to Rs 18,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bajanai Koil 1st Street?

The Sub Registrar Office that covers Bajanai Koil 1st 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 Kandamangalam

The guideline value plays a crucial role in property transactions in Kandamangalam. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations during the registration process.

When registering a property, the guideline value serves as a benchmark for calculating the applicable duties and fees. It is essential for both parties to understand this value to avoid any discrepancies during the transaction.

Frequently asked questions

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

The current guideline value of Bajanai Koil 1st Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, with a notable increase of 49% from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

What is the land classification for Bajanai Koil 1st Street?

Bajanai Koil 1st Street is classified as Residential Special Type - I.

Where can I find the Sub Registrar Office for this area?

The Sriperumpudur Sub Registrar Office covers Bajanai Koil 1st Street and is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 200 per sq.ft incurs a total stamp duty of Rs 14,000.