Guideline Value for Bajanai Koil 1st Street

Bajanai Koil 1st Street guideline value

The current guideline value of Bajanai Koil 1st Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village, under the Sembiam SRO, and is classified as Residential Class I Type - I.

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

The guideline value for Bajanai Koil 1st Street has seen several revisions over the years. The earliest recorded value is from 2002, which was Rs 341 per sq.ft. This figure increased to Rs 370 per sq.ft in 2003, marking a change of +9%. In 2007, the value rose significantly to Rs 700 per sq.ft, a change of +89%. The 2012 revision saw a decrease to Rs 2,500 per sq.ft, which was a drop of -33%. However, in 2017, the value increased to Rs 1,675 per sq.ft, reflecting a change of +49%. The 2023 revision set the value at Rs 2,500 per sq.ft, and the most recent revision in 2024 has increased it to Rs 2,700 per sq.ft, which is an increase of +8%.

Overall, from 2002 to 2024, the guideline value has increased by +692%. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 7,100 per sq.ft. The median value for these streets is Rs 3,301 per sq.ft, placing Bajanai Koil 1st Street's current value below this median.

• Badham Street: Rs 2,700 per sq.ft (2024)
• Ayyalu Street: Rs 2,700 per sq.ft (2024)
• Balaji Nagar Main Road: Rs 3,301 per sq.ft (2024)
• Balaraman Street: Rs 2,700 per sq.ft (2024)
• Balaram Reddy Colony: Rs 2,700 per sq.ft (2024)
• Balaram Reddy Street: Rs 2,700 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 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost for these fees to Rs 2,43,000. 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 Bajanai Koil 1st Street?

The Sub Registrar Office that covers Bajanai Koil 1st Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Peravallur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware that the registration fees and stamp duty are calculated based on this guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for ensuring compliance with local regulations and for accurately estimating the costs associated with property transactions. It is advisable for buyers and sellers to consult the latest guideline values to make informed decisions.

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 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 341 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of +692% over the years.

What is the registration office for Bajanai Koil 1st Street?

The registration office for Bajanai Koil 1st Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How are stamp duty and registration fees calculated?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2% of the guideline value or sale price.

What are the guideline values of other streets in Peravallur?

Other streets in Peravallur have varying guideline values, with some streets like Badham Street and Ayyalu Street also having a value of Rs 2,700 per sq.ft in 2024, while Balaji Nagar Main Road has a higher value of Rs 3,301 per sq.ft.