Guideline Value for Colony Bajanai Koil Street

Colony Bajanai Koil Street guideline value

The current guideline value of Colony Bajanai Koil Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Irunkattukottai village, under the Sriperumpudur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Colony Bajanai Koil Street has changed

The guideline value for Colony Bajanai Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 167 per sq.ft, marking a decrease of 33%. In the 2023 revision, the value returned to Rs 250 per sq.ft, and it has remained the same through the 2024 revision, showing no change from the previous year.

From the 2017 to 2023 revision, there was a significant increase of 50%. Overall, from the 2012 revision to the current 2024 figure, the guideline value has not changed, remaining at Rs 250 per sq.ft.

Guideline values in Irunkattukottai

In Irunkattukottai, there are 56 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 250 to Rs 1,250 per sq.ft, with a median value of Rs 400 per sq.ft. Colony Bajanai Koil Street's 2024 guideline value is below this median.

• Dhanalakshmi Nagar: Rs 800 per sq.ft (2024)
• Bharathiyar Street: Rs 400 per sq.ft (2024)
• Erikkarai Street: Rs 250 per sq.ft (2024)
• Ganapathy Nagar: Rs 250 per sq.ft (2024)
• Bakthavathsalam Street: Rs 400 per sq.ft (2024)
• Ganesh Nagar Colony: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Colony Bajanai Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total to Rs 22,500. 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 information.

Which Sub Registrar Office covers Colony Bajanai Koil Street?

The Sub Registrar Office that covers Colony 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 further assistance.

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

The guideline value is a critical factor in the registration process when buying or selling property in Irunkattukottai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

Frequently asked questions

What is the current guideline value of Colony Bajanai Koil Street?

The current guideline value of Colony Bajanai Koil Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then back to Rs 250 per sq.ft in 2023 and 2024, showing no overall change from 2012 to 2024.

What is the land classification for Colony Bajanai Koil Street?

Colony Bajanai Koil Street is classified as Residential Class IV Type - I.

What are the stamp duty and registration fees for property in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 250 per sq.ft, the total fees would amount to Rs 22,500.

Which office handles registrations for Colony Bajanai Koil Street?

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