Guideline Value for Bajanai Koil Street(sivanthangal)

Bajanai Koil Street(sivanthangal) guideline value

The current guideline value of Bajanai Koil Street(sivanthangal) is Rs 700 per sq.ft. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Bajanai Koil Street(sivanthangal) has changed

The guideline value for Bajanai Koil Street(sivanthangal) has remained consistent at Rs 700 per sq.ft since the 2023 revision, which also recorded the same amount. Prior to that, the 2017 revision set the value at Rs 469 per sq.ft, marking a significant increase of 49% from 2017 to 2023. The register has no figures for the years 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 49%. The 2024 revision continues to reflect the same value of Rs 700 per sq.ft, which is aligned with the median guideline value for 238 streets in Sriperumbudur A under the Sriperumpudur SRO.

Guideline values in Sriperumbudur A

In Sriperumbudur A, the guideline values range from Rs 400 to Rs 3,000 per sq.ft, with a median value of Rs 700 per sq.ft. Bajanai Koil Street(sivanthangal) matches this median value.

• Bakthavatchalam Nagar: Rs 700 per sq.ft (2024)
• Balaji Garden: Rs 700 per sq.ft (2024)
• Balaji Nagar: Rs 700 per sq.ft (2024)
• Balaji Street: Rs 700 per sq.ft (2024)
• Banakara Street: Rs 1,000 per sq.ft (2024)
• Bangalore Road: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Koil Street(sivanthangal)

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, while the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. 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 further calculations.

Which Sub Registrar Office covers Bajanai Koil Street(sivanthangal)?

The Sub Registrar Office that covers Bajanai Koil Street(sivanthangal) 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 Sriperumbudur A

The guideline value is a crucial factor during the registration of property transactions in Sriperumbudur A. It serves as a reference point for calculating stamp duty and registration fees, ensuring that these costs are based on the official value set by the government.

When buying or selling property, the guideline value helps determine the minimum price at which the property can be registered. This means that buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements during the transaction.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street(sivanthangal)?

The current guideline value of Bajanai Koil Street(sivanthangal) is Rs 700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%. It remained at Rs 700 per sq.ft from 2023 to 2024, with no changes during that period.

What is the land classification for Bajanai Koil Street(sivanthangal)?

Bajanai Koil Street(sivanthangal) is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Bajanai Koil Street(sivanthangal)?

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

How is stamp duty calculated for property transactions in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 at a rate of 7%.