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_B village under the Sriperumpudur SRO, classified as Residential Class I Type - I.

How the guideline value of Grama Bajanai Koil Street has changed

The guideline value for Grama Bajanai Koil Street has undergone several revisions over the years. The 2017 revision set the guideline value at Rs 402 per sq.ft. This value remained unchanged in the 2023 revision, which was also Rs 600 per sq.ft. The current guideline value of Rs 600 per sq.ft has been maintained since the 2023 revision, indicating no change from 2023 to 2024.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49%, reflecting the same figure of Rs 600 per sq.ft in both the 2023 and 2024 revisions. The register has no figure for the years 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 carry a 2024 guideline value ranging from Rs 250 to Rs 1,200 per sq.ft, with a median value of Rs 400 per sq.ft. Grama Bajanai Koil Street's 2024 guideline value of Rs 600 per sq.ft is above this 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 would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, leading to a total of Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Grama Bajanai Koil Street?

The Grama Bajanai Koil Street falls under 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_B

The guideline value is a critical factor during the registration of property transactions in Irunkattukottai_B. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when purchasing property.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

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 since the 2023 revision. It increased from Rs 402 per sq.ft in 2017, marking a 49% increase overall from 2017 to 2024.

What is the land classification for Grama Bajanai Koil Street?

Grama Bajanai Koil Street is classified as Residential Class I Type - I under the guideline value register.

Where can I find the Sub Registrar Office for Grama Bajanai Koil Street?

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

How is stamp duty calculated for properties in Irunkattukottai_B?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 6,00,000 would incur a stamp duty of Rs 42,000 at 7%.