Guideline Value for Bajanai Koil 4th Street

Bajanai Koil 4th Street guideline value

The current guideline value of Bajanai Koil 4th 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 4th Street has changed

The guideline value for Bajanai Koil 4th Street has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 134 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 200 per sq.ft. The 2024 revision also maintained this value at Rs 200 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 200 per sq.ft.

Guideline values in Kandamangalam

Kandamangalam village has 10 streets under the Sriperumpudur SRO that carry a 2024 guideline value. The values range from Rs 100 to Rs 510 per sq.ft, with a median value of Rs 200 per sq.ft. Bajanai Koil 4th Street's 2024 figure aligns with this median value.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be 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 fees to 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 detailed calculations.

Which Sub Registrar Office covers Bajanai Koil 4th Street?

The Sub Registrar Office that covers Bajanai Koil 4th 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 is a crucial factor during property registration in Kandamangalam. It serves as a benchmark for determining the minimum sale price of a property, ensuring that transactions are conducted at a fair value.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Bajanai Koil 4th Street?

The current guideline value of Bajanai Koil 4th 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 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. Overall, it has remained constant from 2012 to 2024.

What is the land classification for Bajanai Koil 4th Street?

Bajanai Koil 4th Street is classified as Residential Special Type - I according to the guideline value register.

Where can I find the Sub Registrar Office for Bajanai Koil 4th Street?

The Sub Registrar Office for Bajanai Koil 4th Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Bajanai Koil 4th Street?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at 7%.