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. This street is located in Vallam_B 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 2017 revision, the guideline value was Rs 134 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 200 per sq.ft. The most recent revision in 2024 maintained the guideline value at Rs 200 per sq.ft, showing no percentage change from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for Bajanai Koil Street.

Guideline values in Vallam_B

In Vallam_B, there are 73 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,950 per sq.ft, with a median value of Rs 400 per sq.ft. Bajanai Koil Street's 2024 figure of Rs 200 per sq.ft is below this median.

• Balaji Nagar: Rs 400 per sq.ft (2024)
• B.K. Rajiv Town: Rs 200 per sq.ft (2024)
• Casa Grande: Rs 600 per sq.ft (2024)
• Chandran Nagar: Rs 600 per sq.ft (2024)
• Deepalaxmi Nagar: Rs 400 per sq.ft (2024)
• Alliance villa Belvedere: Rs 1,950 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 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total cost together to Rs 18,000. Note that duty is charged on the higher of the guideline value and 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 Vallam_B

The guideline value is a crucial factor in the registration process when buying or selling property in Vallam_B. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is considered to ensure that the transaction is registered at a value that reflects the official rates set by the government. This helps maintain transparency and fairness in property transactions.

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?

From the 2017 revision to the 2024 revision, the guideline value has increased from Rs 134 per sq.ft to Rs 200 per sq.ft, marking a 49% increase. The value remained unchanged from 2023 to 2024.

What is the land classification for Bajanai Koil Street?

Bajanai Koil Street is classified as Residential Class III Type - I. This classification affects the guideline value and property usage in the area.

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 the stamp duty calculated for properties in Vallam_B?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 2,00,000 would incur a stamp duty of Rs 14,000 at 7%.