Guideline Value for BAJANAI KOIL STREET

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 401 per sq.ft, effective from 1 July 2024. This street is located in Karunguzhi village under the Madurandakam SRO, classified as Mixed Type - I land.

How the guideline value of Bajanai Koil Street has changed

The guideline value for Bajanai Koil Street has seen several revisions over the years. The earliest recorded figure is from 2007, with a value of Rs 60 per sq.ft. This increased significantly to Rs 400 per sq.ft in 2012, marking a 567% rise. However, it then decreased to Rs 268 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 400 per sq.ft in 2023, and remained stable at Rs 401 per sq.ft in 2024, showing no change between these two years.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 568% from the original Rs 60 per sq.ft.

Guideline values in Karunguzhi

In Karunguzhi village, there are 37 streets under the Madurandakam SRO with a 2024 guideline value ranging from Rs 401 to Rs 1,000 per sq.ft. The median value is Rs 401 per sq.ft, which is the same as the guideline value for Bajanai Koil Street.

• Bazaar Street: Rs 600 per sq.ft (2024)
• Brammanar Street: Rs 401 per sq.ft (2024)
• Dharmaraja Koil Street: Rs 401 per sq.ft (2024)
• Adison Thope: Rs 401 per sq.ft (2024)
• East Pillayar Koil Street: Rs 401 per sq.ft (2024)
• Eri Colony: Rs 401 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 401 per sq.ft, the total guideline value amounts to Rs 4,01,000. The stamp duty at 7% would be Rs 28,070, and the registration fee at 2% would be Rs 8,020, totaling Rs 36,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bajanai Koil Street?

Bajanai Koil Street falls under the Madurandakam Sub Registrar Office located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Karunguzhi. It determines the stamp duty and registration fees that need to be paid when registering a property. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When purchasing property, the guideline value serves as a benchmark for the official valuation of the property. This ensures that the government receives appropriate revenue from property transactions through stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street?

The current guideline value of Bajanai Koil Street is Rs 401 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 60 per sq.ft in 2007 to Rs 401 per sq.ft in 2024, reflecting an overall increase of 568% over the years.

What are the other streets in Karunguzhi with their guideline values?

Other streets in Karunguzhi include Bazaar Street at Rs 600 per sq.ft, Brammanar Street at Rs 401 per sq.ft, and several others also at Rs 401 per sq.ft.

What are the fees associated with buying property on Bajanai Koil Street?

For a property valued at Rs 4,01,000, the stamp duty would be Rs 28,070 and the registration fee would be Rs 8,020, totaling Rs 36,090.

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

The Sub Registrar Office covering Bajanai Koil Street is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.