Guideline Value for Bajanai Koil 3rd Street

Bajanai Koil 3rd Street guideline value

The current guideline value of Bajanai Koil 3rd Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Kandamangalam village under the Sriperumpudur SRO, and it falls under the Residential Special Type - I land classification.

How the guideline value of Bajanai Koil 3rd Street has changed

The guideline value for Bajanai Koil 3rd Street has seen several revisions over the years. From the 2012 revision, which was Rs 200 per sq.ft, it decreased to Rs 134 per sq.ft in 2017. This marked a significant drop of 33%. However, from 2017 to 2023, the value increased by 49%, bringing it back to Rs 200 per sq.ft. The 2024 revision maintains this value, showing no change from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Therefore, we only have the figures from 2012, 2017, 2023, and 2024 to consider for the guideline value changes.

Guideline values in Kandamangalam

Kandamangalam village has a total of 10 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 510 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, which is equal to the current value of Bajanai Koil 3rd Street.

• Bajanai Koil 2nd Street: Rs 200 per sq.ft (2024)
• Bajanai Koil 4th Street: Rs 200 per sq.ft (2024)
• Bajanai Koil 1st 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 3rd Street

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the 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, totaling Rs 18,000. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Bajanai Koil 3rd Street?

The Bajanai Koil 3rd Street falls under the jurisdiction of 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 as a basis for calculating the stamp duty and registration fees when a property is sold or purchased. Buyers should be aware that the stamp duty is calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to check the latest guideline value to ensure compliance with local regulations. This value is updated periodically, and being informed can help in making better financial decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Bajanai Koil 3rd Street?

The current guideline value of Bajanai Koil 3rd Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Bajanai Koil 3rd Street has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023 and 2024.

What is the land classification for Bajanai Koil 3rd Street?

Bajanai Koil 3rd Street is classified as Residential Special Type - I under the local land classification system.

Where is the Sriperumpudur Sub Registrar Office located?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Bajanai Koil 3rd Street?

Stamp duty for properties in Bajanai Koil 3rd Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.