Guideline Value for Bajanai Koil Street

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 350 per sq.ft, effective from 1 July 2024. This street is located in Amarampedu village, under the Sriperumpudur SRO, and is classified as Residential Special Type - I.

How the guideline value of Bajanai Koil Street has changed

The guideline value for Bajanai Koil Street has undergone several revisions over the years. In 2012, the guideline value was set at Rs 350 per sq.ft, which remained unchanged until 2023. The 2017 revision saw a decrease to Rs 234 per sq.ft, marking a 33% drop from the 2012 figure. However, from 2017 to 2023, there was a significant increase of 50%, bringing the value back to Rs 350 per sq.ft.

As of the 2024 revision, the guideline value remains at Rs 350 per sq.ft, indicating no change from the previous year. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Amarampedu

In Amarampedu, there are 45 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft. The median value for these streets is Rs 200 per sq.ft, which means Bajanai Koil Street's 2024 figure is above that median.

• Anna Street: Rs 126 per sq.ft (2024)
• Annapoorani Enclave: Rs 350 per sq.ft (2024)
• Blessing Nagar: Rs 126 per sq.ft (2024)
• Ambedhkar Street: Rs 100 per sq.ft (2024)
• Ellaiyamman Koil Street: Rs 126 per sq.ft (2024)
• Fab City: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty is calculated at 7%, which totals Rs 24,500, and the registration fee is 2%, amounting to Rs 7,000. Together, the total cost for stamp duty and registration fee is Rs 31,500. 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 information.

Which Sub Registrar Office covers Bajanai Koil Street?

The Sub Registrar Office that covers Bajanai Koil 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 details.

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

The guideline value is a crucial factor in property transactions in Amarampedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value helps in assessing the official value of the property, which is essential for legal and financial purposes. It is important for both parties to be aware of the guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street?

The current guideline value of Bajanai Koil Street is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, including a decrease to Rs 234 per sq.ft in 2017, followed by an increase back to Rs 350 per sq.ft in 2023 and remaining the same in 2024.

What is the land classification for Bajanai Koil Street?

Bajanai Koil Street is classified as Residential Special Type - I under the current guidelines.

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

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

How is stamp duty calculated for properties in Bajanai Koil Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 350 per sq.ft would incur a stamp duty of Rs 24,500.