Guideline Value for Bajanai Koil Street

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 150 per sq.ft. This street is located in Sengadu village, under the jurisdiction of the Sriperumpudur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Bajanai Koil Street has changed

In the 2012 revision, the guideline value was set at Rs 150 per sq.ft. This figure remained unchanged in the 2017 revision, where it was Rs 100 per sq.ft. The 2023 revision brought the value back to Rs 150 per sq.ft, and the most recent 2024 revision has kept it at Rs 150 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, there was an increase of 50%. Overall, from 2012 to 2024, there has been no change in the guideline value.

Guideline values in Sengadu

Sengadu village has 24 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 101 to Rs 500 per sq.ft. The median value is Rs 150 per sq.ft, which is equal to the guideline value of Bajanai Koil Street.

• Arokia Matha Nagar: Rs 250 per sq.ft (2024)
• Cement Salai Street: Rs 150 per sq.ft (2024)
• Colony Cross Street: Rs 101 per sq.ft (2024)
• Cross Street: Rs 150 per sq.ft (2024)
• Dharani Grand: Rs 500 per sq.ft (2024)
• G.K.R Nagar: Rs 150 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 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total to Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or 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 further assistance.

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

The guideline value is a crucial factor when registering property transactions in Sengadu. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that these costs are proportionate to the property's value.

When you buy or sell property, the guideline value helps in assessing the legal and financial aspects of the transaction. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street?

The current guideline value of Bajanai Koil Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then back to Rs 150 per sq.ft in 2023 and 2024. There were no figures available for the years 2002, 2003, and 2007.

What is the land classification for Bajanai Koil Street?

The land classification for Bajanai Koil Street is Residential Class II Type - I, indicating its suitability for residential purposes.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at the current guideline value, the total cost would be Rs 13,500.

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

The Sub Registrar Office covering Bajanai Koil Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information by visiting the relevant links.