Guideline Value for Bajanai Koil Street (East)

Bajanai Koil Street (East) guideline value

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

How the guideline value of Bajanai Koil Street (East) has changed

Over the years, the guideline value of Bajanai Koil Street (East) has seen significant changes. In the 2007 revision, the value was Rs 400 per sq.ft, which increased dramatically to Rs 2,900 per sq.ft in 2012, marking a rise of 625%. However, from 2012 to 2017, the value decreased to Rs 1,943 per sq.ft, a decline of 33%. The 2017 revision brought it back up to Rs 2,900 per sq.ft in 2023, reflecting a 49% increase. The latest revision in 2024 has set the value at Rs 3,190 per sq.ft, representing a 10% increase from the previous year.

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

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, with a median value of Rs 3,520 per sq.ft. Bajanai Koil Street (East) is below this median value.

• Bajanai Koil Street (West): Rs 3,190 per sq.ft (2024)
• Bajanai Koil Mettu colony: Rs 3,190 per sq.ft (2024)
• Bajanai Koil Grama Natham: Rs 3,520 per sq.ft (2024)
• Bajanai Koil Bangalow Street: 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 Street (East)

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, bringing the total to Rs 2,87,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Bajanai Koil Street (East)?

The Sub Registrar Office that covers Bajanai Koil Street (East) is 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 plays a crucial role during the registration of property transactions in Madanandapuram. It serves as a benchmark for calculating the stamp duty and registration fees that are payable when a property is bought or sold.

When registering a property, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street (East)?

The current guideline value of Bajanai Koil Street (East) 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, marking an overall increase of 698% over the years.

What is the land classification for Bajanai Koil Street (East)?

Bajanai Koil Street (East) is classified as Residential Special Type - III under the Kunrathur SRO.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 31,90,000, the total fees would be Rs 2,87,100.

Where can I find the Sub Registrar Office for Bajanai Koil Street (East)?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069, and it covers Bajanai Koil Street (East).