Guideline Value for Colony Bajanai Koil Street

Colony Bajanai Koil Street guideline value

The current guideline value of Colony Bajanai Koil Street in Maakaanyam village is Rs 100 per sq.ft, effective from 1 July 2024. This street falls 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 undergone several revisions over the years. The 2012 revision set the value at Rs 80 per sq.ft, which decreased to Rs 54 per sq.ft in the 2017 revision. This marked a decline of 33%. However, in the 2023 revision, the value returned to Rs 100 per sq.ft, maintaining the same rate in the 2024 revision, showing no change from the previous year.

From 2017 to 2023, the guideline value increased significantly by 85%. Overall, from 2012 to 2024, there has been a 25% increase in the guideline value. The revisions for the years 2002, 2003, and 2007 have no figures recorded for this street.

Guideline values in Maakaanyam

In Maakaanyam, there are 41 streets under the Sriperumpudur SRO with 2024 guideline values ranging from Rs 100 to Rs 600 per sq.ft. The median guideline value in the village is Rs 250 per sq.ft, which means that Colony Bajanai Koil Street's 2024 figure is below that median.

• Cross Street: Rs 110 per sq.ft (2024)
• Crystal Park: Rs 500 per sq.ft (2024)
• Dr.Chandra Nagar: Rs 250 per sq.ft (2024)
• Balaji Nagar: Rs 450 per sq.ft (2024)
• Bajanai Koil Street: Rs 150 per sq.ft (2024)
• Ganesh Nagar: Rs 500 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 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, making a total of Rs 9,000. It is important to note that 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 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 additional information.

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

The guideline value plays a crucial role during the registration process of property transactions in Maakaanyam. It serves as a reference point for determining the stamp duty and registration fees applicable when buying or selling property.

When a property is sold, the buyer must pay the stamp duty based on the higher amount between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value for Colony Bajanai Koil Street is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 80 per sq.ft in 2012 to Rs 54 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023 and 2024.

What is the median guideline value in Maakaanyam?

The median guideline value in Maakaanyam is Rs 250 per sq.ft, which is higher than the current value of Colony Bajanai Koil Street.

What are the registration fees based on the guideline value?

The registration fees are calculated based on the guideline value, which includes a stamp duty of 7% and a registration fee of 2% of the guideline value or sale price, whichever is higher.

Which office do I go to for property registration in Colony Bajanai Koil Street?

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