Guideline Value for Bajanai Koil Street

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Thodukadu 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 seen several revisions over the years. In the 2012 revision, the value was set at Rs 300 per sq.ft. However, in the 2017 revision, it decreased to Rs 201 per sq.ft, marking a decline of 33%. The subsequent revisions in 2023 and 2024 both maintained the guideline value at Rs 300 per sq.ft, showing no change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, comparing the figures from 2012 to 2024, there has been no change, as both years reflect a guideline value of Rs 300 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thodukadu

In Thodukadu, there are 24 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,250 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, making Bajanai Koil Street's 2024 figure below that median.

• Asis Nagar: Rs 300 per sq.ft (2024)
• Bliss: Rs 1,250 per sq.ft (2024)
• KKE Nagar: Rs 300 per sq.ft (2024)
• KKR City: Rs 500 per sq.ft (2024)
• KKR city Annex: Rs 500 per sq.ft (2024)
• Kkr Eldorado: Rs 750 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 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. 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 Thodukadu

The guideline value is a crucial factor when registering property in Thodukadu. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees during the transaction.

When buying or selling property, the guideline value ensures transparency and helps in standardizing the registration process. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street?

The current guideline value of Bajanai Koil Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft in the 2023 and 2024 revisions, while it was Rs 201 per sq.ft in 2017 and Rs 300 per sq.ft in 2012. The register has no figures for the years 2002, 2003, and 2007.

What is the land classification of Bajanai Koil Street?

Bajanai Koil Street is classified as Residential Class I Type - I, indicating 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 located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for property in Bajanai Koil Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 at a rate of 7%.