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 Vadakal village under the Sriperumpudur SRO and is classified as Residential Class II 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. From the 2012 revision, the value was Rs 300 per sq.ft, which remained unchanged until the 2023 revision, where it was again Rs 300 per sq.ft. The most significant change occurred between the 2017 revision, where the value was Rs 201 per sq.ft, and the 2023 revision, marking a 49% increase. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained stable at Rs 300 per sq.ft. The changes reflect a decrease of 33% from 2012 to 2017, followed by a substantial increase in subsequent years, with no change from 2023 to 2024.

Guideline values in Vadakal

In Vadakal village, there are 31 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 800 per sq.ft. The median value is Rs 300 per sq.ft, placing Bajanai Koil Street at this median value.

• Arabindo Nagar: Rs 200 per sq.ft (2024)
• Amsaveni Nagar: Rs 400 per sq.ft (2024)
• Amsavalli Nagar: Rs 400 per sq.ft (2024)
• Colony Street: Rs 150 per sq.ft (2024)
• Alamelumangapuram: Rs 400 per sq.ft (2024)
• Ganesh Nagar: Rs 500 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 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty is charged at 7%, totaling Rs 21,000, and the registration fee is 2%, amounting to Rs 6,000. Together, the total fees would be 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 information, 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 details.

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

The guideline value plays a critical role in property transactions in Vadakal. It serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling a property, this value is used to calculate the applicable stamp duty and registration fees.

It is essential for both buyers and sellers to be aware of the guideline value, as it directly impacts the costs associated with property transactions. Ensuring that the transaction is registered at or above this value is crucial for compliance with local regulations.

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 from 2012 to 2024, with a significant increase of 49% from 2017 to 2023. The value was Rs 201 per sq.ft in 2017.

What are the other streets in Vadakal and their guideline values?

Other streets in Vadakal include Arabindo Nagar at Rs 200 per sq.ft, Amsaveni Nagar and Amsavalli Nagar both at Rs 400 per sq.ft, Colony Street at Rs 150 per sq.ft, Alamelumangapuram at Rs 400 per sq.ft, and Ganesh Nagar at Rs 500 per sq.ft for 2024.

What is the stamp duty for a property on Bajanai Koil Street?

The stamp duty for a property valued at Rs 3,00,000 on Bajanai Koil Street is Rs 21,000, calculated at 7% of the guideline value.

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.