Guideline Value for Bajanai Koil Street

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Irumpedu village under the Sriperumpudur SRO, classified as Residential Class I Type - I.

How the guideline value of Bajanai Koil Street has changed

In the 2012 revision, the guideline value was set at Rs 150 per sq.ft. This figure remained unchanged in the subsequent revisions of 2017, 2023, and the current 2024 revision, which also stands at Rs 150 per sq.ft. The 2017 revision saw an increase of 50% from the previous figure of Rs 100 per sq.ft in 2017. Overall, from 2012 to 2024, there has been no change in the guideline value.

The register does not contain figures for the years 2002, 2003, and 2007 for Bajanai Koil Street. Therefore, no changes can be noted for those years.

Guideline values in Irumpedu

In Irumpedu village, there are eight streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 471 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, making Bajanai Koil Street's 2024 figure below that median.

• Arun Nagar: Rs 250 per sq.ft (2024)
• Achari Street: Rs 100 per sq.ft (2024)
• Nadu Street: Rs 110 per sq.ft (2024)
• Perumal Koil Street: Rs 110 per sq.ft (2024)
• Rajiniganth Nagar: Rs 250 per sq.ft (2024)
• Sri Kamatchi Nagar: Rs 250 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 rate of Rs 150 per sq.ft, the guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. 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 more details.

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 Irumpedu

The guideline value is a crucial factor in the registration process for property transactions in Irumpedu. It helps determine the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

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 applicable duties and fees. This ensures that the government receives the appropriate 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 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Bajanai Koil Street has remained at Rs 150 per sq.ft since 2012, with a significant increase of 50% from Rs 100 per sq.ft in 2017. There were no figures available for the years 2002, 2003, and 2007.

What is the land classification for Bajanai Koil Street?

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

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

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500, and the registration fee would be Rs 3,000, totaling Rs 13,500. These fees are calculated based on the higher of the guideline value or the sale price.

Which office handles property registrations for Bajanai Koil Street?

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