Guideline Value for Bajanai Koil 2nd Cross Street

Bajanai Koil 2nd Cross Street guideline value

The current guideline value of Bajanai Koil 2nd 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 2nd Cross Street has changed

Since the 2012 revision, the guideline value for Bajanai Koil 2nd Cross Street has seen several changes. In 2012, the value was Rs 80 per sq.ft, which decreased to Rs 54 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 85%, bringing the value back to Rs 100 per sq.ft. The 2023 revision maintained this value, with no change to the current rate.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 25%.

Guideline values in Ottankaranai

In Ottankaranai, there are eight streets under the Sriperumpudur SRO that have a 2024 guideline value, ranging from Rs 100 to Rs 300 per sq.ft. The median value for these streets is Rs 150 per sq.ft, indicating that Bajanai Koil 2nd Cross Street's 2024 figure is below that median.

• Bajanai Koil 1st 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 2nd Cross Street

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

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

Which Sub Registrar Office covers Bajanai Koil 2nd Cross Street?

The Sub Registrar Office that covers Bajanai Koil 2nd 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 details.

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

The guideline value is a crucial factor in property transactions in Ottankaranai, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory for any property sale or purchase.

When buying or selling a property, it is essential to be aware of the guideline value, as it ensures compliance with legal requirements and helps in the accurate assessment of costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Bajanai Koil 2nd Cross Street?

The current guideline value of Bajanai Koil 2nd 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 changed from Rs 80 per sq.ft in 2012 to Rs 54 per sq.ft in 2017, then increased to Rs 100 per sq.ft in both 2023 and 2024.

What is the land classification for Bajanai Koil 2nd Cross Street?

Bajanai Koil 2nd Cross Street is classified as Residential Class II Type - I.

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

The Sub Registrar Office for Bajanai Koil 2nd Cross Street 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 higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 at 7%.