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_C 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. The 2017 revision set the value at Rs 201 per sq.ft, which remained unchanged at Rs 300 per sq.ft in the 2023 revision. The latest revision in 2024 also maintains the value at Rs 300 per sq.ft, indicating no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a significant increase of 49%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vadakal_C

In Vadakal_C village, there are 61 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft, with a median value of Rs 400 per sq.ft. Bajanai Koil Street's current guideline value is below this median.

• 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)
• Adhiparasakthi Nagar: Rs 400 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%, resulting in Rs 21,000, while the registration fee at 2% amounts to Rs 6,000. Therefore, the total cost for stamp duty and registration fees together is Rs 27,000. Duty is charged on the higher of the guideline value or the sale price. You can use our 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 more information.

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

The guideline value plays a crucial role during the registration of property transactions in Vadakal_C. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in this area.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency and accountability in property dealings.

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?

From the 2017 revision to the 2024 revision, the guideline value increased by 49%. The value was Rs 201 per sq.ft in 2017 and has remained at Rs 300 per sq.ft since the 2023 revision.

What are the guideline values of other streets in Vadakal_C?

Other streets in Vadakal_C have varying guideline values, with rates ranging from Rs 150 to Rs 1,500 per sq.ft. The median value in the village is Rs 400 per sq.ft, while Bajanai Koil Street's value is below this median.

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

The stamp duty for a property valued at Rs 3,00,000 on Bajanai Koil Street would be Rs 21,000, and the registration fee would be Rs 6,000, totaling Rs 27,000. 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. This office handles all registration activities for the area.