Guideline Value for Bajanai Koil Street

Bajanai Koil Street guideline value

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

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 the 2017 revision, the guideline value was Rs 268 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 400 per sq.ft. The 2024 revision has kept the guideline value at Rs 400 per sq.ft, showing no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a significant increase of 49%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Katrampakkam B

In Katrampakkam B, there are 44 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 150 to Rs 800 per sq.ft. The median guideline value in this village is Rs 275 per sq.ft, making Bajanai Koil Street's 2024 figure 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 would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, while the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also 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 Katrampakkam B

The guideline value is an essential factor in the registration process when buying or selling property in Katrampakkam B. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on an officially recognized value.

When engaging in property transactions, both buyers and sellers must consider the guideline value, as it directly impacts the financial obligations associated with the registration of the property. Understanding this value helps in making informed decisions during the buying or selling process.

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 from 2023 to 2024, with a significant increase of 49% from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2024.

What is the land classification for Bajanai Koil Street?

The land classification for Bajanai Koil Street is Residential Class I Type - I.

Where is the Sriperumpudur Sub Registrar Office located?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Bajanai Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at Rs 400 per sq.ft would incur a total guideline value of Rs 4,00,000, resulting in a stamp duty of Rs 28,000 at 7%.