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 Nemili_B village under the Sriperumpudur SRO and is classified as Residential Class II Type - I.

How the guideline value of Bajanai Koil Street has changed

In the 2017 revision, the guideline value was Rs 167 per sq.ft. This increased to Rs 300 per sq.ft in the 2023 revision, marking an 80% rise. However, in the 2024 revision, the value decreased to Rs 250 per sq.ft, reflecting a 17% drop from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has increased by 50%. This fluctuation in values highlights the changes in the property market over the years.

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, which is equal to the current guideline value of Bajanai Koil Street.

• Bajanai Koil Cross Street: Rs 200 per sq.ft (2024)
• Balaji Nagar: Rs 300 per sq.ft (2024)
• Asina nagar: Rs 200 per sq.ft (2024)
• Bangaru Ammal Nagar: Rs 250 per sq.ft (2024)
• Benzigar Nagar: Rs 250 per sq.ft (2024)
• Bhagavathy Nagar: Rs 200 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 at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or 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 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 Nemili_B

The guideline value is a critical factor during property registration in Nemili_B. It is used to determine the stamp duty and registration fees that are applicable when a property is bought or sold.

When registering a property, the guideline value ensures that the transaction is recorded at a standard value, which helps in maintaining transparency and accountability in property dealings.

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 changed from Rs 167 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, and then decreased to Rs 250 per sq.ft in 2024. This represents an overall increase of 50% from 2017 to 2024.

What is the land classification for Bajanai Koil Street?

Bajanai Koil Street is classified as Residential Class II Type - I, which indicates its suitability 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 is the stamp duty calculated for properties in Nemili_B?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.