Guideline Value for Grama Bajanai Koil Street

Grama Bajanai Koil Street guideline value

The current guideline value of Grama Bajanai Koil Street is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Irunkattukottai village under the Sriperumpudur SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Grama Bajanai Koil Street has changed

The guideline value for Grama Bajanai Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged through the 2017 revision. However, the 2017 revision had a previous value of Rs 402 per sq.ft, marking a significant increase of 49% from 2017 to 2023, where the value was again Rs 600 per sq.ft. The 2024 revision also maintains the value at Rs 600 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained consistent at Rs 600 per sq.ft.

Guideline values in Irunkattukottai

In Irunkattukottai village, there are 56 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 1,250 per sq.ft. The median value among these streets is Rs 400 per sq.ft, which means the guideline value for Grama Bajanai Koil Street is above that median.

• Ganesh Nagar Colony: Rs 250 per sq.ft (2024)
• Indira Gandhi Street: Rs 400 per sq.ft (2024)
• Ganapathy Nagar: Rs 250 per sq.ft (2024)
• Erikkarai Street: Rs 250 per sq.ft (2024)
• Jayendrar Avenue Part-II: Rs 750 per sq.ft (2024)
• Jeyanthirer Avenue: Rs 750 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Grama Bajanai Koil Street?

The Sub Registrar Office that covers Grama 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 Irunkattukottai

The guideline value is a crucial factor when registering property transactions in Irunkattukottai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives the appropriate stamp duty and registration fees based on the property's value.

When buying or selling property, it is essential to be aware of the guideline value, as it can affect the overall costs involved in the transaction. Buyers should ensure that they are paying a fair price in relation to the guideline value to avoid any discrepancies during registration.

Frequently asked questions

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

The current guideline value of Grama Bajanai Koil Street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft from 2012 to 2024, with a significant increase from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023. There are no figures available for the years 2002, 2003, and 2007.

What is the median guideline value in Irunkattukottai?

The median guideline value among the 56 streets in Irunkattukottai is Rs 400 per sq.ft. Grama Bajanai Koil Street's value is above this median.

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

For a 1,000 sq.ft plot at the guideline value of Rs 600 per sq.ft, the total guideline value is Rs 6,00,000. The stamp duty would be Rs 42,000, and the registration fee would be Rs 12,000, totaling Rs 54,000.

Which office handles property registrations for Grama Bajanai Koil Street?

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