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 Venkadu village under the Sriperumpudur SRO and falls under the Residential Class II Type - I land classification.

How the guideline value of Bajanai Koil Street has changed

In the 2012 revision, the guideline value was Rs 300 per sq.ft. This figure remained unchanged in the 2017 revision, where it was Rs 201 per sq.ft, reflecting a decrease of 33%. The guideline value then rose significantly to Rs 300 per sq.ft in the 2023 revision, marking an increase of 49%. The current value remains the same at Rs 300 per sq.ft in the 2024 revision, indicating no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for Bajanai Koil Street. Therefore, the only revisions available are from 2012, 2017, 2023, and 2024.

Guideline values in Venkadu

There are 24 streets in Venkadu under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 471 per sq.ft, with the median being Rs 300 per sq.ft. Bajanai Koil Street's 2024 figure aligns with this median.

• Brijvaji Avenue: Rs 100 per sq.ft (2024)
• Ellaiyamman Koil Street: Rs 310 per sq.ft (2024)
• Gandhi Nagar: Rs 300 per sq.ft (2024)
• Jeyam Nagar: Rs 300 per sq.ft (2024)
• Lake View Avenue: Rs 310 per sq.ft (2024)
• Main Road: 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 300 per sq.ft, the guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the 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 Venkadu

The guideline value is an essential factor when registering property transactions in Venkadu. It determines the minimum value at which a property can be registered, impacting the stamp duty and registration fees payable at the time of sale.

When buying or selling property, it is important to note that the stamp duty is charged based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from 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 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent being Rs 300 per sq.ft in 2024, unchanged from 2023. The value increased from Rs 201 per sq.ft in 2017 and has remained stable since 2012.

What is the land classification for Bajanai Koil Street?

Bajanai Koil Street falls under the Residential Class II Type - I land classification. This classification is important for determining the usage and potential development of the land.

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. This office handles all property registration needs for the area.

How is the stamp duty calculated for properties in Venkadu?

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