Guideline Value for Bajanai Koil 3rd Street

Bajanai Koil 3rd Street guideline value

The current guideline value of Bajanai Koil 3rd Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village, under the Velacheri SRO, and is classified as Residential Class I Type - III.

How the guideline value of Bajanai Koil 3rd Street has changed

The guideline value for Bajanai Koil 3rd Street has seen significant changes over the years. The 2017 revision set the value at Rs 1,675 per sq.ft, which increased to Rs 2,500 per sq.ft in the 2023 revision. From 2017 to 2023, this marks a change of +49%. The most recent revision in 2024 has further increased the guideline value to Rs 2,750 per sq.ft, reflecting a +10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by +64%. It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO that have a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft, with a median value of Rs 2,750 per sq.ft. The guideline value for Bajanai Koil 3rd Street aligns with this median.

• Bajanai Koil 4th Street: Rs 2,750 per sq.ft (2024)
• Bajanai Koil 2nd Street: Rs 2,750 per sq.ft (2024)
• Bajanai Koil Cross Street: Rs 2,750 per sq.ft (2024)
• Bajanai Koil 1st Street: Rs 2,750 per sq.ft (2024)
• Bageerathi Nagar (Srinivasa Nagar): Rs 3,850 per sq.ft (2024)
• BagathSingh Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Koil 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees together to Rs 2,47,500. 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 3rd Street?

The Sub Registrar Office that covers Bajanai Koil 3rd Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a crucial factor during the registration of property transactions in Madipakkam-1. It is used to determine the stamp duty and registration fees applicable for the property being bought or sold.

When registering a property, the guideline value serves as a benchmark to ensure that the sale price is in line with the current market conditions. This helps in maintaining transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Bajanai Koil 3rd Street?

The current guideline value of Bajanai Koil 3rd Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024, marking an overall increase of +64% over this period.

What is the registration office for Bajanai Koil 3rd Street?

The registration office for Bajanai Koil 3rd Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

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

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Where can I find more information about the guideline values?

More information about the guideline values can be found in the Registration Department's guideline value register (TNReginet).