Guideline Value for Bajanai koil street

Bajanai koil street guideline value

The current guideline value of Bajanai koil street is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Somangalam_B village, under the Sriperumpudur SRO, with a land classification of Residential Special Type - I.

How the guideline value of Bajanai koil street has changed

In the 2017 revision, the guideline value was Rs 268 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 400 per sq.ft. The 2024 revision similarly maintains the guideline value at Rs 400 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Between 2017 and 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase remains at 49%, as the value has not changed since 2023.

Guideline values in Somangalam_B

In Somangalam_B, there are 79 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 for these streets is Rs 250 per sq.ft, placing Bajanai koil street's 2024 figure above that median.

• Ayarpadi: Rs 200 per sq.ft (2024)
• Balaji Nagar: Rs 400 per sq.ft (2024)
• Ashok Nagar: Rs 250 per sq.ft (2024)
• Anna Nagar: Rs 250 per sq.ft (2024)
• Annai Nagar Annex: Rs 150 per sq.ft (2024)
• Annai Nagar: Rs 150 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 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. 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 additional information.

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

The guideline value plays a crucial role during property transactions in Somangalam_B. It is used to determine the stamp duty and registration fees applicable when registering a property sale or purchase.

When buying or selling property, the guideline value ensures that the transaction is recorded at a standardized price, which helps in maintaining transparency in property dealings. It is essential for both buyers and sellers to be aware of the guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Bajanai koil street?

The current guideline value of Bajanai koil street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%. It remained at Rs 400 per sq.ft from 2023 to 2024, showing no change from the previous year.

What is the land classification for Bajanai koil street?

Bajanai koil street is classified as Residential Special Type - I, indicating its intended use for residential purposes.

What are the stamp duty and registration fees for a property on this street?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000, and the registration fee would be Rs 8,000, totaling Rs 36,000.

Which office handles property registrations for Bajanai koil street?

The Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone, handles property registrations for Bajanai koil street.