Guideline Value for Bajanai Koil Street / Eraniamman Nagar

Bajanai Koil Street / Eraniamman Nagar guideline value

The current guideline value for Bajanai Koil Street / Eraniamman Nagar is Rs 1,500 per sq.ft. This area falls under the Gooduvancheri SRO and is classified as Residential Special Type - I.

How the guideline value of Bajanai Koil Street / Eraniamman Nagar has changed

The guideline value for Bajanai Koil Street / Eraniamman Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 550 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a 173% rise. However, this figure remained unchanged until the 2017 revision, where it dropped to Rs 1,005 per sq.ft, a decrease of 33%.

From 2017 to the latest revision in 2023, the guideline value saw a substantial increase of 49%, bringing it back up to Rs 1,500 per sq.ft. Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 173%. The register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Vandalur

Currently, there are no specific village figures available for Vandalur. Bajanai Koil Street / Eraniamman Nagar has a guideline value of Rs 1,500 per sq.ft as of 2023. There are no other streets in Vandalur under the Gooduvancheri SRO listed.

Stamp duty and registration fee for property in Bajanai Koil Street / Eraniamman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, making the total Rs 1,35,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bajanai Koil Street / Eraniamman Nagar?

The Bajanai Koil Street / Eraniamman Nagar area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Vandalur, as it determines the minimum value at which a property can be registered. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty and registration fees. This process helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street / Eraniamman Nagar?

The current guideline value for Bajanai Koil Street / Eraniamman Nagar is Rs 1,500 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 550 per sq.ft to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and finally returned to Rs 1,500 per sq.ft in 2023.

What is the classification of the land in this area?

The land classification for Bajanai Koil Street / Eraniamman Nagar is Residential Special Type - I.

Where can I find the Sub Registrar Office for this area?

The Gooduvancheri Sub Registrar Office covers Bajanai Koil Street / Eraniamman Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft would incur a total stamp duty and registration fee of Rs 1,35,000.