Guideline Value for Bajanai Koil St ( Ward No.23 )

Bajanai Koil St ( Ward No.23 ) guideline value

The current guideline value of Bajanai Koil St ( Ward No.23 ) is Rs 1,300 per sq.ft. This street is located in Madhavaram village, under the Madhavaram Sub Registrar Office (SRO), and is classified as Residential Class III Type - I.

How the guideline value of Bajanai Koil St ( Ward No.23 ) has changed

The guideline value for Bajanai Koil St ( Ward No.23 ) has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 1,300 per sq.ft, which is an increase from Rs 1,200 per sq.ft in the 2023 revision. Notably, there was no change in the guideline value from 2012 to 2023, as both years recorded Rs 1,200 per sq.ft. The register has no figures for the revisions in 2017, 2007, 2003, and 2002.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. The change from 2023 to 2024 reflects an 8% increase, indicating a steady adjustment in the guideline value for this street.

Guideline values in Madhavaram

Madhavaram village has a total of 1,946 streets under the Madhavaram SRO, with 2024 guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, placing the 2024 figure for Bajanai Koil St ( Ward No.23 ) below the median.

• Bajanai Koil St ( Ward No.22 ): Rs 1,300 per sq.ft (2024)
• Bajanai Koil St ( Ward No.29 ): Rs 1,300 per sq.ft (2024)
• Bajanai koil St ( Ward No.31 ): Rs 1,300 per sq.ft (2024)
• Bajanai Koil St ( Ward No.9 ): Rs 1,300 per sq.ft (2024)
• Bajanai Koil Street (Ponniamman Medu) (Ward-22): Rs 2,700 per sq.ft (2024)
• Bajani Koil Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Koil St ( Ward No.23 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, resulting in a total of Rs 1,17,000. 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 detailed calculations.

Which Sub Registrar Office covers Bajanai Koil St ( Ward No.23 )?

The Sub Registrar Office that covers Bajanai Koil St ( Ward No.23 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Madhavaram. It is used to determine the stamp duty and registration fees applicable during property transactions. This ensures that the government receives the appropriate revenue from property sales.

When registering a property, the guideline value serves as a baseline for calculating the necessary fees. Buyers should be aware that the fees are based on the higher value between the guideline value and the sale price, ensuring that the government receives the correct amount in taxes.

Frequently asked questions

What is the current guideline value of Bajanai Koil St ( Ward No.23 )?

The current guideline value of Bajanai Koil St ( Ward No.23 ) is Rs 1,300 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,200 per sq.ft from 2012 to 2023, with the most recent increase to Rs 1,300 per sq.ft in 2024. Overall, there has been an 8% increase in the guideline value from 2012 to 2024.

What are the other streets in Madhavaram with similar guideline values?

Other streets in Madhavaram, such as Bajanai Koil St ( Ward No.22 ), Bajanai Koil St ( Ward No.29 ), Bajanai koil St ( Ward No.31 ), and Bajanai Koil St ( Ward No.9 ), all have a guideline value of Rs 1,300 per sq.ft for 2024.

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

For a property valued at the guideline rate of Rs 1,300 per sq.ft, the stamp duty would be 7% of the total value, while the registration fee would be 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,17,000.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles all registrations for properties in the Madhavaram area.