Guideline Value for Bajanai Koil Street

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Katrampakkam village, under the Sriperumpudur SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Bajanai Koil Street has changed

The guideline value for Bajanai Koil Street has seen several revisions over the years. In 2012, the guideline value was set at Rs 400 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 268 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 400 per sq.ft. The most recent revision in 2024 has kept the value at Rs 400 per sq.ft, indicating no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Bajanai Koil Street. Thus, the known revisions are from 2012, 2017, 2023, and the current 2024 figure.

Guideline values in Katrampakkam

Katrampakkam village has a total of 41 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 800 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, making Bajanai Koil Street's 2024 value above that median.

• Balaji Nagar: Rs 300 per sq.ft (2024)
• Bramanar Street: Rs 400 per sq.ft (2024)
• Chelliamman Nagar: Rs 500 per sq.ft (2024)
• Cine Production Assistant Nagar: Rs 500 per sq.ft (2024)
• Adhiparasakthi Nagar: Rs 400 per sq.ft (2024)
• Ganapathy 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 guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, leading to a total of Rs 36,000 for both fees. It is essential 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 on fees applicable to your property.

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 Katrampakkam

The guideline value is a critical factor in the registration process when buying or selling property in Katrampakkam. It determines the minimum price at which a property can be registered, ensuring that all transactions are conducted transparently and fairly.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives appropriate revenue from 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 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft since 2012, with a drop to Rs 268 per sq.ft in 2017, followed by a return to Rs 400 per sq.ft in 2023 and 2024.

What is the median guideline value in Katrampakkam?

The median guideline value for streets in Katrampakkam is Rs 250 per sq.ft, with Bajanai Koil Street's value being above this median at Rs 400 per sq.ft.

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

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000 for both fees.

Where is 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.