Guideline Value for Bajanai Koil Street

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Ayakolathur village under the Sriperumpudur SRO and falls under the Residential Class I Type - I land classification.

How the guideline value of Bajanai Koil Street has changed

The guideline value for Bajanai Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the 2017 revision. However, in 2017, the value was Rs 201 per sq.ft, reflecting a decrease of 33% from the previous revision. The 2023 revision also maintained the value at Rs 300 per sq.ft, and the same value was retained in the 2024 revision, indicating no change from 2023 to 2024. The overall change from 2012 to 2024 shows no increase, as the value remains at Rs 300 per sq.ft.

It is important to note that there are no figures available for Bajanai Koil Street for the years 2002, 2003, and 2007. The guideline value has seen a significant increase of 49% from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023.

Guideline values in Ayakolathur

In Ayakolathur village, there are 15 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 700 per sq.ft, with a median value of Rs 200 per sq.ft. Bajanai Koil Street's 2024 guideline value of Rs 300 per sq.ft is above this median.

• Anna Street: Rs 200 per sq.ft (2024)
• Chand Nagar: Rs 300 per sq.ft (2024)
• Ambedhkar Street: Rs 100 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 300 per sq.ft (2024)
• Kakkajji Street: Rs 150 per sq.ft (2024)
• Main Road: Rs 700 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 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total cost to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ayakolathur. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated. Buyers must consider the guideline value to ensure compliance with local regulations.

When a property is sold, the transaction must be registered at the Sub Registrar Office, where the guideline value is used to compute the applicable fees. This ensures that the government receives the correct revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street?

The current guideline value of Bajanai Koil Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a notable increase of 49% from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023.

What are the stamp duty and registration fees for property in Bajanai Koil Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 3,00,000. The stamp duty is Rs 21,000, and the registration fee is Rs 6,000, totaling Rs 27,000.

Which Sub Registrar Office covers Bajanai Koil Street?

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

What is the land classification for Bajanai Koil Street?

Bajanai Koil Street falls under the Residential Class I Type - I land classification.