Guideline Value for Bajanai Koil Street

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Kaduvancheri village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Bajanai Koil Street has changed

In the 2012 revision, the guideline value was set at Rs 200 per sq.ft. This figure remained unchanged in the subsequent revisions of 2017 and 2023. However, the 2017 revision saw a significant increase of 49% from Rs 134 per sq.ft in 2012. The 2024 revision has maintained the guideline value at Rs 200 per sq.ft, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for Bajanai Koil Street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 200 per sq.ft.

Guideline values in Kaduvancheri

In Kaduvancheri, there are 37 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,500 per sq.ft. The median guideline value in this village is Rs 300 per sq.ft, placing Bajanai Koil Street's 2024 figure below that median.

• Ashok Nagar: Rs 250 per sq.ft (2024)
• Chandryan Annadurai Avenue: Rs 400 per sq.ft (2024)
• Chemec Farm House: Rs 250 per sq.ft (2024)
• Colony Prathana Salai: Rs 200 per sq.ft (2024)
• Alwin Nagar: Rs 200 per sq.ft (2024)
• Adiparasakthi Nagar Pradhana Salai: Rs 300 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 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total cost for these fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, 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. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kaduvancheri. It serves as a benchmark for determining the minimum value of a property, ensuring that the registration fees are calculated accurately based on this value.

When a property is sold, the guideline value is used to assess the stamp duty and registration fees that need to be paid. This ensures that the transaction is compliant with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street?

The current guideline value of Bajanai Koil Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 200 per sq.ft in 2024, unchanged from 2023. There was a significant increase of 49% from Rs 134 per sq.ft in 2017 to 200 in 2023.

What is the land classification for Bajanai Koil Street?

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

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 the stamp duty calculated for properties in Kaduvancheri?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at a rate of 7%.