Guideline Value for Bhajanai koil street

Bhajanai koil street guideline value

The current guideline value of Bhajanai koil street in Padoor village is Rs 200 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Class I Type - I.

How the guideline value of Bhajanai koil street has changed

The guideline value for Bhajanai koil street has seen several revisions over the years. In 2012, the value was set at Rs 200 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 134 per sq.ft. The value then increased to Rs 200 per sq.ft in the 2023 revision, and it has stayed the same in the 2024 revision, showing no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%. However, from 2012 to 2017, the value experienced a decrease of 33%. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 200 per sq.ft.

Guideline values in Padoor

In Padoor village, there are 22 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,700 per sq.ft. The median value for these streets is Rs 705 per sq.ft, placing Bhajanai koil street's 2024 figure below that median.

• Breeze county: Rs 600 per sq.ft (2024)
• Bypass Road: Rs 200 per sq.ft (2024)
• Amman Koil Street: Rs 200 per sq.ft (2024)
• Ambethkar Street: Rs 200 per sq.ft (2024)
• Indra Street: Rs 200 per sq.ft (2024)
• Madha Koil Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Bhajanai koil street

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty is charged at 7%, totaling Rs 14,000, while the registration fee at 2% amounts to Rs 4,000. Together, the total fees would be Rs 18,000. 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 on fees applicable to your property transaction.

Which Sub Registrar Office covers Bhajanai koil street?

The Sub Registrar Office covering Bhajanai koil street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Padoor, the guideline value is used to calculate the stamp duty and registration fees that must be paid during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. Ensuring that the property is registered at the correct guideline value helps in maintaining transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value of Bhajanai koil street?

The current guideline value of Bhajanai 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 changed several times, with the most recent revision in 2024 maintaining the value at Rs 200 per sq.ft. The value was Rs 134 per sq.ft in 2017 and Rs 200 per sq.ft in the 2012 revision.

What is the registration office for Bhajanai koil street?

The registration office for Bhajanai koil street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for properties in Bhajanai koil street?

Stamp duty for properties in Bhajanai koil street is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate has a guideline value of Rs 2,00,000, leading to a stamp duty of Rs 14,000.

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

Other streets in Padoor have varying guideline values ranging from Rs 150 to Rs 1,700 per sq.ft. For instance, Breeze county has a guideline value of Rs 600 per sq.ft, while Madha Koil Street has a value of Rs 150 per sq.ft.