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. This street is located in Irunkattukottai_B village and falls under the Sriperumpudur SRO. The land classification for this area is 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 undergone several revisions over the years. The oldest available revision is from 2017, where the value was Rs 167 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded Rs 250 per sq.ft. The latest revision in 2024 confirmed the same value of Rs 250 per sq.ft, indicating no change from the previous year.

Between the revisions, the most significant change occurred from 2017 to 2023, with a 50% increase in the guideline value. Overall, from 2017 to 2024, the guideline value has increased by 50%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Irunkattukottai_B

In Irunkattukottai_B, there are 54 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 250 to Rs 1,200 per sq.ft. The median value of these streets is Rs 400 per sq.ft, placing Colony Bajanai Koil Street's 2024 figure 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 fees 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.

For more information, you can use the stamp duty and registration fee calculator.

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 more details.

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

The guideline value plays a crucial role in property transactions in Irunkattukottai_B. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is typically used as a benchmark for calculating the applicable fees. It ensures that the government receives the appropriate revenue from property transactions, reflecting the value of real estate in the area.

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 remained at Rs 250 per sq.ft since 2023, with a significant increase of 50% from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023.

What is the land classification for Colony Bajanai Koil Street?

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

Where can I find the Sub Registrar Office for this street?

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 2,50,000 would incur a stamp duty of Rs 17,500 at a rate of 7%.