Guideline Value for Bajanai Koil Cross Street

Bajanai Koil Cross Street guideline value

The current guideline value of Bajanai Koil Cross Street in Mannoor village is Rs 100 per sq.ft, effective from 1 July 2024. This street falls under the Sriperumpudur SRO and is classified as Residential Class IV Type - I.

How the guideline value of Bajanai Koil Cross Street has changed

In the 2012 revision, the guideline value was set at Rs 100 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 67 per sq.ft, marking a drop of 33%. The subsequent 2023 revision saw the value return to Rs 100 per sq.ft, reflecting a 49% increase from the 2017 figure. The 2024 revision maintained this value at Rs 100 per sq.ft, showing no change from the previous year.

There are no figures available for Bajanai Koil Cross Street in the revisions from 2002, 2003, and 2007. Overall, the guideline value from 2012 to 2024 has remained at Rs 100 per sq.ft.

Guideline values in Mannoor

Mannoor village has a total of 56 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,500 per sq.ft. The median value among these streets is Rs 250 per sq.ft, placing Bajanai Koil Cross Street below this median.

• Bairavar Nagar: Rs 250 per sq.ft (2024)
• Bajanai Koil Street: Rs 200 per sq.ft (2024)
• Balaji Nagar: Rs 300 per sq.ft (2024)
• Beauty Dreams: Rs 300 per sq.ft (2024)
• Beauty Farms & Resorts: Rs 300 per sq.ft (2024)
• Ananthapuram: Rs 200 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 guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, while the registration fee at 2% would be Rs 2,000, bringing the total to Rs 9,000. It is important to note that the 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 Cross Street?

The Bajanai Koil Cross Street is covered by 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 Mannoor

The guideline value is a critical factor in the registration process when buying or selling property in Mannoor. It serves as the basis for calculating the stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency and fairness in property transactions within the region.

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 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: it was Rs 100 per sq.ft in 2012, dropped to Rs 67 per sq.ft in 2017, returned to Rs 100 per sq.ft in 2023, and remained at Rs 100 per sq.ft in 2024.

What is the land classification for Bajanai Koil Cross Street?

Bajanai Koil Cross Street is classified as Residential Class IV Type - I, indicating its use for residential purposes.

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

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

How is the stamp duty calculated for properties in Mannoor?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 1,00,000 would incur a stamp duty of Rs 7,000 at a rate of 7%.