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 Salamangalam 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 undergone several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 300 per sq.ft. The 2017 revision saw a decrease to Rs 201 per sq.ft, marking a -33% change from the 2012 figure. From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 300 per sq.ft.

As of the 2024 revision, the guideline value remains at Rs 300 per sq.ft, showing no change from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Salamangalam

In Salamangalam village, there are 59 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 200 to Rs 3,100 per sq.ft. The median guideline value for these streets is Rs 500 per sq.ft, placing Bajanai Koil street's 2024 figure below this median.

• Astro Gardens: Rs 400 per sq.ft (2024)
• Bhavani Nagar: Rs 400 per sq.ft (2024)
• Bhavani Nagar Extn: Rs 400 per sq.ft (2024)
• Anna Nagar: Rs 500 per sq.ft (2024)
• Anantham Nagar: Rs 550 per sq.ft (2024)
• Alamelumangapuram colony: Rs 601 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 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, bringing the total fees together to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or 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 covering 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 Salamangalam

The guideline value plays a crucial role in the registration process of property transactions in Salamangalam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

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?

Since the 2012 revision, the guideline value has remained at Rs 300 per sq.ft through 2023 and 2024. However, it decreased to Rs 201 per sq.ft in 2017 before increasing again in 2023.

What is the land classification for Bajanai Koil street?

Bajanai Koil street is classified as Residential Class II Type - I, indicating its suitability for residential development.

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.

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

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