Guideline Value for Bajanai Koil Cross Street

Bajanai Koil Cross Street guideline value

The current guideline value of Bajanai Koil Cross Street is Rs 210 per sq.ft, effective from 1 July 2024. This street is located in Nemili village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Bajanai Koil Cross Street has changed

In the 2012 revision, the guideline value was set at Rs 200 per sq.ft. This value remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 200 per sq.ft in the 2023 revision, and further rose to Rs 210 per sq.ft in the 2024 revision, reflecting a 5% increase from the previous year.

From 2017 to 2023, the guideline value saw a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 5%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Nemili

In Nemili, there are 66 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,000 per sq.ft, with a median value of Rs 250 per sq.ft. Bajanai Koil Cross Street's 2024 guideline value is below this median.

• Bajanai Koil Street: Rs 250 per sq.ft (2024)
• Balaji Nagar: Rs 300 per sq.ft (2024)
• Asina nagar: Rs 210 per sq.ft (2024)
• Benzigar Nagar: Rs 250 per sq.ft (2024)
• Bhagavathy Nagar: Rs 210 per sq.ft (2024)
• Bharathi Nagar: Rs 210 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 210 per sq.ft, the total guideline value amounts to Rs 2,10,000. The stamp duty at 7% would be Rs 14,700, and the registration fee at 2% would be Rs 4,200, bringing the total cost for these fees to Rs 18,900. 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 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 Nemili

The guideline value is a crucial factor in the registration process when buying or selling property in Nemili. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the official value set by the registration department. This process is essential for maintaining transparency and standardization in 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 210 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 increased to Rs 200 per sq.ft in 2023, and finally to Rs 210 per sq.ft in 2024.

What is the land classification for Bajanai Koil Cross Street?

Bajanai Koil Cross Street is classified as Residential Class III Type - I according to the registration department.

Where is the Sub Registrar Office for Bajanai Koil Cross Street located?

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

How is stamp duty calculated for properties in Nemili?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 2,10,000 incurs a stamp duty of 7%, amounting to Rs 14,700.