Guideline Value for Bajanai Koil Street

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street in Kannanthangal village is Rs 126 per sq.ft, effective from 1 July 2024. This street falls under the Sriperumpudur SRO and is 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 Rs 125 per sq.ft. It then decreased to Rs 84 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 126 per sq.ft, where it remained in the 2023 revision as well. The register has no figures for the years 2002, 2003, and 2007 for this street.

As of the 2024 revision, the guideline value has been maintained at Rs 126 per sq.ft, showing no change from the previous year. Overall, from 2012 to 2024, there has been a slight increase of 1% in the guideline value.

Guideline values in Kannanthangal

Kannanthangal village has a total of 22 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 900 per sq.ft. The median guideline value for these streets is Rs 110 per sq.ft, making Bajanai Koil Street's 2024 figure above that median.

• Bajanai Koil Cross Street: Rs 110 per sq.ft (2024)
• Anna Street: Rs 110 per sq.ft (2024)
• Angalamman Koil Street: Rs 110 per sq.ft (2024)
• Chandrayan Nagar: Rs 250 per sq.ft (2024)
• Ellaiyamman Koil Street: Rs 110 per sq.ft (2024)
• Gangaiymman Koil Street: Rs 110 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 126 per sq.ft, the total guideline value amounts to Rs 1,26,000. The stamp duty at 7% would be Rs 8,820, and the registration fee at 2% would be Rs 2,520, making the total fees together Rs 11,340. 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 Kannanthangal

When buying or selling property in Kannanthangal, the guideline value serves as a benchmark for determining the stamp duty and registration fees. This value is crucial as it ensures that the transaction is registered at a price that reflects the official valuation set by the government.

Both buyers and sellers must be aware that the guideline value may affect the overall cost of the transaction, including taxes and fees. It is advisable to consult the guideline value register to understand the implications of the current rates on property transactions.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street?

The current guideline value of Bajanai Koil Street is Rs 126 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 125 per sq.ft in 2012 to Rs 84 per sq.ft in 2017, then increased to Rs 126 per sq.ft in 2023 and remained the same in 2024.

What is the median guideline value in Kannanthangal?

The median guideline value for the streets in Kannanthangal is Rs 110 per sq.ft, with Bajanai Koil Street's value being above this median.

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 property in Bajanai Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 1,26,000, the stamp duty would be Rs 8,820 at a rate of 7%.