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. This street is located in Vanchuvancheri village, under the Sriperumpudur SRO. The land classification for this area is Residential Class II 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 2012, the value was set at Rs 300 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 201 per sq.ft. Following this, the 2023 revision brought it back to Rs 300 per sq.ft, and the same value was retained in the 2024 revision. The register has no figure for the years 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, there was a significant increase of 49%. Overall, comparing the values from 2012 to 2024, there has been no change, as the value remains at Rs 300 per sq.ft.

Guideline values in Vanchuvancheri

In Vanchuvancheri, there are 23 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 700 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Bajanai koil street's 2024 figure below that median.

• Balaji Nagar: Rs 300 per sq.ft (2024)
• Annai Nagar: Rs 500 per sq.ft (2024)
• Cement Road (Panchayat Road): Rs 300 per sq.ft (2024)
• Amirtha Garden Ph.III: Rs 400 per sq.ft (2024)
• Amirtha Garden Ph.II-Blue Horizon: Rs 400 per sq.ft (2024)
• Amirtha Garden: 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 amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. 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 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 Vanchuvancheri

The guideline value is a crucial factor during the registration process when buying or selling property in Vanchuvancheri. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and fairly, reflecting the official valuation set by the government. Buyers and sellers should be aware of 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 300 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

Over the years, the guideline value for Bajanai koil street has fluctuated, with the most recent values being Rs 300 per sq.ft in 2012, 2023, and 2024, while it was Rs 201 per sq.ft in 2017.

What is the land classification for Bajanai koil street?

Bajanai koil street is classified under Residential Class II Type - I, indicating its suitability for residential purposes.

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

For a property on Bajanai koil street valued at Rs 3,00,000, the total stamp duty and registration fees would amount to Rs 27,000, based on the current guideline value.

Which office handles registrations for Bajanai koil street?

The registrations for Bajanai koil street are handled by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.