Guideline Value for Bajanai koil street

Bajanai koil street guideline value

The current guideline value of Bajanai koil street is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Siru Mathoor village under the Sriperumpudur SRO, classified as Residential Special Type - I.

How the guideline value of Bajanai koil street has changed

The guideline value for Bajanai koil street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 600 per sq.ft. This remained unchanged until the 2017 revision when it decreased to Rs 402 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 600 per sq.ft. The 2024 revision maintains this value, showing a 0% 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. Therefore, the historical data for these years is not applicable.

Guideline values in Siru Mathoor

Siru Mathoor village has a total of 24 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 2,500 per sq.ft. The median value across these streets is Rs 600 per sq.ft, which is equal to the current guideline value of Bajanai koil street.

• Bhavani Nagar: Rs 250 per sq.ft (2024)
• Ciril Castal: Rs 2,250 per sq.ft (2024)
• Coconut Forms: Rs 600 per sq.ft (2024)
• C.S.Sai Nagar Padappai: Rs 600 per sq.ft (2024)
• Docla Project: Rs 1,810 per sq.ft (2024)
• EVP Antiha Nagar: Rs 600 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 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Bajanai koil street?

The Bajanai koil street falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Siru Mathoor

The guideline value is a crucial factor when buying or selling property in Siru Mathoor, as it determines the minimum price at which property transactions can be registered. Buyers must be aware that the guideline value is used to calculate the stamp duty and registration fees, which are essential costs in the property transaction process.

When registering a property, the guideline value serves as a benchmark to ensure transparency and fairness in property dealings. It is important for buyers and sellers to be informed about the current 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 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft since 2012, with a decrease to Rs 402 per sq.ft in 2017. It increased by 49% from 2017 to 2023, returning to Rs 600 per sq.ft in 2024.

What is the land classification of Bajanai koil street?

Bajanai koil street is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Bajanai koil street?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 6,00,000, the total stamp duty and registration fees would amount to Rs 54,000.

Where can I find the Sub Registrar Office for Bajanai koil street?

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