Guideline Value for Bajanai Koil Bangalow Street

Bajanai Koil Bangalow Street guideline value

The current guideline value of Bajanai Koil Bangalow Street is Rs 3,190 per sq.ft, effective from 1 July 2024. This street is located in Madanandapuram village, under the Kunrathur SRO, and is classified as Residential Special Type - III.

How the guideline value of Bajanai Koil Bangalow Street has changed

The guideline value for Bajanai Koil Bangalow Street has seen significant changes over the years. In the 2007 revision, the value was Rs 400 per sq.ft. This figure increased dramatically to Rs 2,900 per sq.ft in the 2012 revision, marking a rise of 625%. However, in the 2017 revision, the value decreased to Rs 1,943 per sq.ft, a drop of 33%. The value then rose to Rs 2,900 per sq.ft in the 2023 revision, and finally reached Rs 3,190 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 698%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Madanandapuram

In Madanandapuram, there are 94 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 2,530 to Rs 5,830 per sq.ft. The median guideline value for these streets is Rs 3,520 per sq.ft, placing Bajanai Koil Bangalow Street's 2024 value below this median.

• Bajanai Koil Grama Natham: Rs 3,520 per sq.ft (2024)
• Bajanai Koil Mettu colony: Rs 3,190 per sq.ft (2024)
• Bajanai Koil Street (East): Rs 3,190 per sq.ft (2024)
• Bajanai Koil Street (West): Rs 3,190 per sq.ft (2024)
• Balaji Avenue: Rs 3,190 per sq.ft (2024)
• A.V. Subramaniyam Nagar: Rs 3,190 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,190 per sq.ft, the total guideline value amounts to Rs 31,90,000. The stamp duty at 7% would be Rs 2,23,300, and the registration fee at 2% would be Rs 63,800, making the total cost for these fees Rs 2,87,100. It is important to note that the 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 more details.

Which Sub Registrar Office covers Bajanai Koil Bangalow Street?

The Bajanai Koil Bangalow Street falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Madanandapuram. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, both parties must consider the guideline value to determine the applicable fees. This ensures transparency and compliance with local regulations during the registration process.

Frequently asked questions

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

The current guideline value of Bajanai Koil Bangalow Street is Rs 3,190 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 400 per sq.ft in 2007 to Rs 3,190 per sq.ft in 2024, reflecting an overall increase of 698% over the years.

What is the median guideline value for streets in Madanandapuram?

The median guideline value for streets in Madanandapuram is Rs 3,520 per sq.ft, which is higher than the current value of Bajanai Koil Bangalow Street.

What fees are associated with buying property in Bajanai Koil Bangalow Street?

When buying property, you will incur a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069, and is responsible for property registrations in the area.