Guideline Value for Bajanai Koil Grama Natham

Bajanai Koil Grama Natham guideline value

The current guideline value of Bajanai Koil Grama Natham is Rs 3,520 per sq.ft, effective from 1 July 2024. This village falls under the Kunrathur Sub Registrar Office (SRO) and is classified as Residential Special Type - II.

How the guideline value of Bajanai Koil Grama Natham has changed

The guideline value of Bajanai Koil Grama Natham has seen several revisions over the years. The earliest recorded value in 2007 was Rs 400 per sq.ft. This figure increased significantly to Rs 3,200 per sq.ft in 2012, marking a substantial rise of 700%. However, in 2017, the value decreased to Rs 2,144 per sq.ft, representing a decline of 33%. The value then increased to Rs 3,200 per sq.ft in 2023, followed by the latest revision to Rs 3,520 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 780%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Madanandapuram

Madanandapuram has a range of guideline values across its 94 streets under the Kunrathur SRO, with the 2024 figures ranging from Rs 2,530 to Rs 5,830 per sq.ft. The median value for these streets is Rs 3,520 per sq.ft, which is the same as the guideline value for Bajanai Koil Grama Natham.

• Bajanai Koil Mettu colony: Rs 3,190 per sq.ft (2024)
• Bajanai Koil Bangalow Street: 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 Grama Natham

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total cost for stamp duty and registration fee to Rs 3,16,800. 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 Bajanai Koil Grama Natham?

The Bajanai Koil Grama Natham area is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Madanandapuram. It serves as a benchmark for determining the minimum value of a property for registration purposes. When buying or selling a property, the guideline value is used to calculate the applicable stamp duty and registration fees.

During the registration process, the authorities will assess the property based on the guideline value, ensuring that the transaction is recorded at a value that reflects the official rates set by the government. This ensures transparency and compliance in property dealings.

Frequently asked questions

What is the current guideline value of Bajanai Koil Grama Natham?

The current guideline value of Bajanai Koil Grama Natham is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 3,520 per sq.ft in 2024, reflecting an overall increase of 780% over this period.

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

For a property valued at Rs 35,20,000, the stamp duty would be Rs 2,46,400, and the registration fee would be Rs 70,400, totaling Rs 3,16,800.

Which office handles property registrations for Bajanai Koil Grama Natham?

The Kunrathur Sub Registrar Office handles property registrations for Bajanai Koil Grama Natham, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Bajanai Koil Grama Natham?

Bajanai Koil Grama Natham is classified as Residential Special Type - II, indicating its designated use for residential purposes.