Guideline Value for Bajanai Koil 2nd Street

Bajanai Koil 2nd Street guideline value

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

According to the guideline value register, the earliest recorded figure for Bajanai Koil 2nd Street is from the 2012 revision, which was Rs 200 per sq.ft. In 2017, the figure dropped to Rs 134 per sq.ft, marking a decrease of 33%. However, by the 2023 revision, the value increased to Rs 200 per sq.ft, reflecting a significant rise of 49% from the 2017 figure. The 2024 revision maintains this value at Rs 200 per sq.ft, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value remains unchanged at Rs 200 per sq.ft.

Guideline values in Kandamangalam

In Kandamangalam village, there are 10 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 510 per sq.ft. The median value is Rs 200 per sq.ft, which is equal to the current guideline value of Bajanai Koil 2nd Street.

• Bajanai Koil 1st 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 2nd 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, making the total charges Rs 18,000. 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 precise calculations.

Which Sub Registrar Office covers Bajanai Koil 2nd Street?

The Sub Registrar Office that covers Bajanai Koil 2nd Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor during the registration of property transactions in Kandamangalam. It serves as the basis for calculating stamp duty and registration fees, ensuring that both buyers and sellers adhere to the legal requirements set by the state.

When a property is bought or sold, the guideline value helps determine the official value of the property, which is necessary for registration purposes. This process ensures transparency and compliance with local regulations.

Frequently asked questions

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

The current guideline value of Bajanai Koil 2nd 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 seen several changes, with Rs 200 per sq.ft recorded in 2012, dropping to Rs 134 per sq.ft in 2017, and then rising back to Rs 200 per sq.ft in both 2023 and 2024.

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

Bajanai Koil 2nd Street is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Bajanai Koil 2nd Street?

The Sub Registrar Office for Bajanai Koil 2nd 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. For example, a 1,000 sq.ft property at the guideline value of Rs 200 per sq.ft would incur a total guideline value of Rs 2,00,000, leading to a stamp duty of Rs 14,000 at 7%.