Guideline Value for Bajanai Koil Street

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 141 per sq.ft, effective from 1 July 2024. This street is located in Azhakoor village, under the Sriperumpudur SRO, and is classified as Residential Class II 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. The earliest available figure is from the 2012 revision, which was set at Rs 140 per sq.ft. This figure saw a decrease of 33% in the 2017 revision, dropping to Rs 94 per sq.ft. Following this, the value increased significantly by 50% in the 2023 revision, bringing it back up to Rs 141 per sq.ft. The 2024 revision has maintained this value at Rs 141 per sq.ft, indicating no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for Bajanai Koil Street. Overall, from 2012 to 2024, the guideline value has increased by just 1%.

Guideline values in Azhakoor

Azhakoor village has a total of 18 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 350 per sq.ft. The median guideline value for these streets is Rs 225 per sq.ft, which means that Bajanai Koil Street's current value of Rs 141 per sq.ft is below this median.

• Azhakoor Palla Street: Rs 250 per sq.ft (2024)
• Annai Velankanni Nagar: Rs 175 per sq.ft (2024)
• Mettu Street: Rs 100 per sq.ft (2024)
• Padasalai Street: Rs 160 per sq.ft (2024)
• Pallatheru: Rs 250 per sq.ft (2024)
• Perumal Koil Street: Rs 175 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 141 per sq.ft, the total guideline value would be Rs 1,41,000. The stamp duty at 7% would amount to Rs 9,870, while the registration fee at 2% would be Rs 2,820. Together, these fees total Rs 12,690. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, 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 Azhakoor

The guideline value plays a crucial role in the property registration process in Azhakoor. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded accurately and complies with legal requirements.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. Understanding this value helps in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street?

The current guideline value of Bajanai Koil Street is Rs 141 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 140 per sq.ft in 2012 to Rs 94 per sq.ft in 2017, then increased to Rs 141 per sq.ft in 2023 and has remained the same in 2024.

What is the median guideline value for streets in Azhakoor?

The median guideline value for the 18 streets in Azhakoor is Rs 225 per sq.ft, which is higher than the current value of Bajanai Koil Street.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 9,870 and the registration fee would be Rs 2,820, totaling Rs 12,690.

Where is the Sub Registrar Office located?

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