Guideline Value for Bajanai Koil Street

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Nallur village under the Sriperumpudur SRO, classified as Residential Special Type - I.

How the guideline value of Bajanai Koil Street has changed

Over the years, the guideline value for Bajanai Koil Street has undergone several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 167 per sq.ft, marking a reduction of 33%. However, from 2017 to 2023, the value increased by 50% to return to Rs 250 per sq.ft. The 2024 revision has kept this figure stable, showing 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. Therefore, the only relevant revisions are from 2012, 2017, 2023, and the current 2024 revision.

Guideline values in Nallur

Nallur village has a range of guideline values across 33 streets under the Sriperumpudur SRO. The 2024 figures for these streets range from Rs 126 to Rs 700 per sq.ft, with a median value of Rs 250 per sq.ft. Bajanai Koil Street's guideline value aligns perfectly with this median.

• Balaji nagar: Rs 250 per sq.ft (2024)
• Chelladurai Garden: Rs 175 per sq.ft (2024)
• Akshaya Boomi Lake View: Rs 450 per sq.ft (2024)
• Dharmasastha Nagar: Rs 350 per sq.ft (2024)
• HiTech City: Rs 175 per sq.ft (2024)
• Indira 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 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty, charged at 7%, would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total cost for these fees to Rs 22,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, 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. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Nallur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street?

The current guideline value of Bajanai Koil Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft since 2012, with a decrease to Rs 167 per sq.ft in 2017, followed by an increase back to Rs 250 per sq.ft in 2023. The 2024 revision has kept this value unchanged.

What is the land classification for Bajanai Koil Street?

Bajanai Koil Street is classified as Residential Special Type - I, which indicates its intended use for residential purposes.

Where can I find the Sub Registrar Office for Bajanai Koil Street?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500, and the registration fee would be Rs 5,000.