Guideline Value for Bajanai Koil Street

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street in Ottankaranai village is Rs 200 per sq.ft, effective from 1 July 2024. This street falls under the Sriperumpudur SRO and is classified as Residential Special 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. The most recent revisions are as follows: in 2012, the value was Rs 200 per sq.ft; it then dropped to Rs 134 per sq.ft in 2017, before remaining stable at Rs 200 per sq.ft in both 2023 and 2024. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%, bringing it back to Rs 200 per sq.ft. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 200 per sq.ft.

Guideline values in Ottankaranai

In Ottankaranai, there are eight streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 300 per sq.ft. The median value for these streets is Rs 150 per sq.ft, placing Bajanai Koil Street above this median.

• Bajanai Koil 2nd Cross Street: Rs 100 per sq.ft (2024)
• Bajanai Koil 1st Cross Street: Rs 100 per sq.ft (2024)
• Erikarai Street: Rs 100 per sq.ft (2024)
• Ganapathy Nagar: Rs 200 per sq.ft (2024)
• Mcb Ragas Phase-II: Rs 200 per sq.ft (2024)
• Thai Avenue: Rs 100 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 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, leading to a total of Rs 18,000. 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 detailed calculations.

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 Ottankaranai

The guideline value plays a crucial role during the registration process of property transactions in Ottankaranai. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer approaches the registration office, the guideline value is referenced to ensure that the appropriate fees are calculated based on either the guideline value or the sale price, whichever is higher. This ensures compliance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street?

The current guideline value of Bajanai Koil Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in both 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification of Bajanai Koil Street?

Bajanai Koil Street is classified as Residential Special Type - I under the current land classification.

What are the stamp duty and registration fees for properties on this street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 14,000, and the registration fee would be Rs 4,000, totaling Rs 18,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Bajanai Koil Street located?

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