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Guideline Value

Corporate

Guideline Value for Bajanai Koil Mettu colony

₹3190/sq.ft.

The guideline value for Bajanai Koil Mettu Colony in Madanandapuram village (Kunrathur SRO, Chennai zone) is Rs 3190 per sq.ft, effective 1 July 2024. It was Rs 2900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madanandapuram

Village

Kunrathur

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹3190 /sq.ft.
From 1-4-2023 ₹2900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1943 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2900 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Bajanai Koil Mettu Colony

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Bajanai Koil Mettu colony guideline value

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

How the guideline value of Bajanai Koil Mettu colony has changed

The guideline value for Bajanai Koil Mettu colony has seen several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 2,900 per sq.ft in 2012. However, it then decreased to Rs 1,943 per sq.ft in 2017. The value rose again to Rs 2,900 per sq.ft in 2023, and most recently, it has reached Rs 3,190 per sq.ft in 2024. Notably, there are no figures available for the years 2002 and 2003.

Between the revisions, the changes are as follows: from 2007 to 2012, there was a remarkable increase of 625%. However, from 2012 to 2017, the value dropped by 33%. The value then surged by 49% from 2017 to 2023, and finally, it increased by 10% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 698%.

Guideline values in Madanandapuram

Madanandapuram village has a total of 94 streets under the Kunrathur SRO with a 2024 guideline value 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, making the guideline value for Bajanai Koil Mettu colony below this median.

Stamp duty and registration fee for property in Bajanai Koil Mettu colony

For a 1,000 sq.ft plot at the current guideline value of Rs 3,190 per sq.ft, the total guideline value would be Rs 31,90,000. The stamp duty at 7% would amount to Rs 2,23,300, and the registration fee at 2% would be Rs 63,800, leading to a total of 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 Mettu colony?

The Bajanai Koil Mettu colony 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 in property transactions in Madanandapuram. It serves as a benchmark for determining the minimum price at which a property can be registered. When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value as per government regulations.

During the registration process, the buyer needs to pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This system helps in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Bajanai Koil Mettu colony?

The current guideline value for Bajanai Koil Mettu colony is Rs 3,190 per sq.ft, effective from 1 July 2024.

How much 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, marking an overall increase of 698% over the years.

What is the land classification for Bajanai Koil Mettu colony?

Bajanai Koil Mettu colony is classified as Residential Special Type - III, indicating its suitability for residential development.

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

For a property valued at Rs 31,90,000, the stamp duty would be Rs 2,23,300 and the registration fee would be Rs 63,800, totaling Rs 2,87,100.

Which office handles property registrations for Bajanai Koil Mettu colony?

The Kunrathur Sub Registrar Office is responsible for property registrations in Bajanai Koil Mettu colony, located at No.59, Road Street, Kundrathur, Chennai -600 069.