Guideline Value for Bajanai Koil Cross Street

Bajanai Koil Cross Street guideline value

The current guideline value of Bajanai Koil Cross Street is Rs 110 per sq.ft. This street is located in Kannanthangal village, under the Sriperumpudur SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Bajanai Koil Cross Street has changed

The guideline value for Bajanai Koil Cross Street has undergone several revisions over the years. The oldest recorded revision is from 2012, when the value was Rs 100 per sq.ft. This was followed by a decrease to Rs 67 per sq.ft in 2017. The next revision in 2023 saw an increase to Rs 100 per sq.ft, and the most recent revision in 2024 has set the value at Rs 110 per sq.ft, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decline of 33%, but from 2017 to 2023, the value surged by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. There are no recorded figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kannanthangal

Kannanthangal village has a total of 22 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 900 per sq.ft. The median guideline value for these streets is Rs 110 per sq.ft, which is the same as the current value for Bajanai Koil Cross Street.

• Bajanai Koil Street: Rs 126 per sq.ft (2024)
• Anna Street: Rs 110 per sq.ft (2024)
• Angalamman Koil Street: Rs 110 per sq.ft (2024)
• Chandrayan Nagar: Rs 250 per sq.ft (2024)
• Ellaiyamman Koil Street: Rs 110 per sq.ft (2024)
• Gangaiymman Koil Street: Rs 110 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Koil Cross Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 1,10,000. The stamp duty at 7% would be Rs 7,700, and the registration fee at 2% would be Rs 2,200, totaling Rs 9,900. It is important to note that 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 details.

Which Sub Registrar Office covers Bajanai Koil Cross Street?

The Sub Registrar Office that covers Bajanai Koil 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 information.

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

The guideline value plays a crucial role during property transactions in Kannanthangal. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

At the time of registration, the guideline value is compared with the sale price of the property, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Bajanai Koil Cross Street is Rs 110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023, and finally to Rs 110 per sq.ft in 2024.

What is the land classification for Bajanai Koil Cross Street?

Bajanai Koil Cross Street falls under the Residential Class II Type - I land classification.

What are the stamp duty and registration fees for property transactions?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the same. For example, on a 1,000 sq.ft plot valued at Rs 1,10,000, the total fees would be Rs 9,900.

Which office handles registrations for Bajanai Koil Cross Street?

The Sriperumpudur Sub Registrar Office handles registrations for Bajanai Koil Cross Street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.