Guideline Value for Bajanai Koil Street

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 505 per sq.ft, effective from 1 July 2024. This street is located in Thandalam village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Bajanai Koil Street has changed

The guideline value for Bajanai Koil Street has undergone several revisions over the years. Starting from the 2012 revision, the guideline value was Rs 500 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 335 per sq.ft. Following this, the value increased significantly to Rs 500 per sq.ft in the 2023 revision, marking a 49% increase. The current 2024 revision shows a slight increase to Rs 505 per sq.ft, which is a 1% rise from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for Bajanai Koil Street.

Guideline values in Thandalam

In Thandalam, there are 36 streets under the Sriperumpudur SRO that have a guideline value for 2024, ranging from Rs 200 to Rs 1,800 per sq.ft. The median value across these streets is Rs 400 per sq.ft, placing Bajanai Koil Street's 2024 figure above this median.

• Chennai Bangaluru Road: Rs 1,000 per sq.ft (2024)
• Eswaran Koil Street: Rs 505 per sq.ft (2024)
• Ettiyamman Koil Cross Street: Rs 300 per sq.ft (2024)
• Ettiyamman Koil Street: Rs 300 per sq.ft (2024)
• Gandhi Road: Rs 505 per sq.ft (2024)
• Globus Sakthi Enclave: Rs 800 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 rate of Rs 505 per sq.ft, the guideline value amounts to Rs 5,05,000. The stamp duty at 7% would be Rs 35,350, and the registration fee at 2% would be Rs 10,100, totaling Rs 45,450. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further 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 Thandalam

The guideline value is a crucial factor in property transactions in Thandalam. It serves as a benchmark for determining the minimum value at which a property can be registered. When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for buyers and sellers alike, as it influences the overall cost of property transactions. It is advisable to check the latest guideline values before proceeding with any property dealings in the area.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street?

The current guideline value of Bajanai Koil Street is Rs 505 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 505 per sq.ft in 2024.

What is the land classification of Bajanai Koil Street?

Bajanai Koil Street is classified as Residential Class I Type - I.

Where can I find the registration office for Bajanai Koil Street?

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

How is stamp duty calculated for properties on Bajanai Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 5,05,000, the stamp duty at 7% would be Rs 35,350.