Guideline Value for Bajanai Koil Street

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Valarpuram village under the Sriperumpudur SRO, with a land classification of Residential Class III Type - I.

How the guideline value of Bajanai Koil Street has changed

In the 2012 revision, the guideline value was set at Rs 200 per sq.ft. This figure remained unchanged in the subsequent revisions of 2017 and 2023. However, the 2017 revision saw a significant increase from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023, marking a 49% increase. The 2024 revision also maintains the guideline value at Rs 200 per sq.ft, reflecting no change from the previous year.

It is important to note that there are no figures available for Bajanai Koil Street in the revisions from 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has remained at Rs 200 per sq.ft, showing a 0% change over this period.

Guideline values in Valarpuram

In Valarpuram, there are 91 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 2,025 per sq.ft, with a median value of Rs 300 per sq.ft. Bajanai Koil Street's 2024 guideline value is below this median.

• Balaji Nagar: Rs 300 per sq.ft (2024)
• Balaji Nagar Extn: Rs 300 per sq.ft (2024)
• Barani Nagar: Rs 300 per sq.ft (2024)
• Ashok Nagar: Rs 200 per sq.ft (2024)
• Bavana Nagar: Rs 300 per sq.ft (2024)
• Arul Avenue Phase III: 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 rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. 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 Valarpuram

The guideline value is a critical factor during the registration of property transactions in Valarpuram. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value helps in determining the official value of the property for legal and taxation purposes. It is essential for buyers and sellers to be aware of the 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 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, with a significant increase from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

What is the land classification for Bajanai Koil Street?

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

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.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 200 per sq.ft, the total guideline value is Rs 2,00,000, leading to a stamp duty of Rs 14,000.