Guideline Value for Bajanai Koil street

Bajanai Koil street guideline value

The current guideline value for Bajanai Koil street in Kunduperumpedu village, under the Sriperumpudur SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

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 most recent revision in 2024 maintains the value at Rs 200 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision recorded a value of Rs 134 per sq.ft, marking a 49% increase from 2017 to 2023. The 2012 revision also set the value at Rs 200 per sq.ft, indicating a decrease of 33% from the 2012 figure to the 2017 figure. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 200 per sq.ft.

The register does not have figures for the years 2002, 2003, and 2007 for this street. This lack of data means we cannot assess changes during those periods.

Guideline values in Kunduperumpedu

Kunduperumpedu village has 35 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 500 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, placing Bajanai Koil street at the median value.

• Ganapathy Nagar: Rs 150 per sq.ft (2024)
• Guberan Nagar: Rs 250 per sq.ft (2024)
• Gunduperumpedu New Town: Rs 350 per sq.ft (2024)
• Jemi Galaxy Nagar: Rs 300 per sq.ft (2024)
• Jemi Modern City - I: Rs 250 per sq.ft (2024)
• Jemi Modern City - II: Rs 250 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, making the total fees 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 further calculations, 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 Kunduperumpedu

The guideline value is a crucial factor when registering property transactions in Kunduperumpedu. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When you buy or sell property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate fees are calculated based on the established rates. This process aids in maintaining transparency and consistency 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?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, with a significant increase of 49% from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

What are the other streets in Kunduperumpedu with their guideline values?

Other streets in Kunduperumpedu include Ganapathy Nagar at Rs 150 per sq.ft, Guberan Nagar at Rs 250 per sq.ft, Gunduperumpedu New Town at Rs 350 per sq.ft, Jemi Galaxy Nagar at Rs 300 per sq.ft, and both Jemi Modern City - I and II at Rs 250 per sq.ft.

Where is the Sriperumpudur Sub Registrar Office located?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Bajanai Koil street?

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