Guideline Value for Bajanai Koil Street

Bajanai Koil Street guideline value

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

How the guideline value of Bajanai Koil Street has changed

Over the years, the guideline value of Bajanai Koil Street has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 200 per sq.ft. In the 2017 revision, the value was Rs 134 per sq.ft, reflecting a decrease of 33% from the 2012 figure. From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 200 per sq.ft.

The current guideline value of Rs 200 per sq.ft has not changed from the previous revision in 2023. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kandamangalam

Kandamangalam village has a total of 10 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 510 per sq.ft. The median value for these streets is Rs 200 per sq.ft, making Bajanai Koil Street's guideline value equal to this median.

• Bajanai Koil 4th Street: Rs 200 per sq.ft (2024)
• Bajanai Koil 3rd Street: Rs 200 per sq.ft (2024)
• Bajanai Koil 2nd Street: Rs 200 per sq.ft (2024)
• Bajanai Koil 1st Street: Rs 200 per sq.ft (2024)
• Dell city: Rs 510 per sq.ft (2024)
• Habeeb Avenue: Rs 500 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 amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total cost for these fees Rs 18,000. 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 Bajanai Koil Street falls under 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 Kandamangalam

The guideline value plays a crucial role during property transactions in Kandamangalam. It is used to calculate the stamp duty and registration fees that must be paid at the time of registration. Buyers and sellers need to be aware that the guideline value is the minimum value considered for these calculations.

When a property is sold, the registration office will refer to the guideline value to ensure that the appropriate fees are collected. This ensures transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value for Bajanai Koil Street?

The current guideline value for 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 changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then increased to Rs 200 per sq.ft in both 2023 and 2024, with a significant increase of 49% from 2017 to 2023.

Where can I find the registration office for Bajanai Koil Street?

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

What are the stamp duty and registration fees for property transactions?

Stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For example, for a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000, and the registration fee would be Rs 4,000.

What is the land classification for Bajanai Koil Street?

Bajanai Koil Street is classified as Residential Special Type - I, which is relevant for determining the guideline value and other regulatory aspects.