Guideline Value for Thiruvalluvarpuram Bajanai Koil Street

Thiruvalluvarpuram Bajanai Koil Street guideline value

The current guideline value of Thiruvalluvarpuram Bajanai Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Kadaperi village under the Tambaram Joint 1 SRO, classified as Residential Class II Type - I.

How the guideline value of Thiruvalluvarpuram Bajanai Koil Street has changed

The guideline value for Thiruvalluvarpuram Bajanai Koil Street has seen several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012, a rise of 67%. However, in 2017, it dropped to Rs 670 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 1,000 per sq.ft in 2023, and the latest revision in 2024 has set it at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 83%. Notably, there are no figures available for the years 2002 and 2003 for this street in the guideline value register.

Guideline values in Kadaperi

In Kadaperi village, there are 142 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 880 to Rs 7,700 per sq.ft, with a median value of Rs 1,650 per sq.ft. Thiruvalluvarpuram Bajanai Koil Street's current guideline value is below this median.

• Thiru Valluvar Ist Street: Rs 3,300 per sq.ft (2024)
• Thiru Valluvar 5th Street: Rs 3,300 per sq.ft (2024)
• Thiru Valluvar 4th Street: Rs 3,300 per sq.ft (2024)
• Thiru Valluvar 3rd Street: Rs 3,300 per sq.ft (2024)
• Thiru Valluvar 2nd Street: Rs 3,300 per sq.ft (2024)
• Thiru-vi-ka 2nd Street: Rs 1,320 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total cost for these fees Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Thiruvalluvarpuram Bajanai Koil Street?

The Sub Registrar Office that covers Thiruvalluvarpuram Bajanai Koil Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Kadaperi. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is bought or sold, the guideline value serves as a benchmark for assessing the value of the property. This value is essential for calculating the necessary fees and ensuring that the transaction is legally recognized.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 83% over the years.

What is the land classification for this street?

Thiruvalluvarpuram Bajanai Koil Street is classified as Residential Class II Type - I.

Where can I find the registration office for this area?

The registration office for Thiruvalluvarpuram Bajanai Koil Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at 7%.