Guideline Value for Bajanai Koil Street Ragunathapuram

Bajanai Koil Street Ragunathapuram guideline value

The current guideline value of Bajanai Koil Street Ragunathapuram is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in the village of Mangadu -A under the Kunrathur SRO, classified as Residential Class II Type - I.

How the guideline value of Bajanai Koil Street Ragunathapuram has changed

The guideline value for Bajanai Koil Street Ragunathapuram has seen several revisions over the years. The earliest recorded figure is from the 2017 revision at Rs 938 per sq.ft. This was followed by the 2023 revision, which increased the value to Rs 1,400 per sq.ft, marking a significant rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 1,540 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for this street in the years 2002, 2003, 2007, and 2012.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,870 per sq.ft, indicating that Bajanai Koil Street Ragunathapuram's 2024 figure is below this median.

• Bajanai Koil Street Vannier pattu: Rs 1,540 per sq.ft (2024)
• Balaji Avenue: Rs 1,870 per sq.ft (2024)
• Balaji Nagar: Rs 2,200 per sq.ft (2024)
• Azeesh Nagar: Rs 1,850 per sq.ft (2024)
• BalajiNagar 2: Rs 2,200 per sq.ft (2024)
• Ayyan Nagar: Rs 1,540 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bajanai Koil Street Ragunathapuram?

Bajanai Koil Street Ragunathapuram falls under 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 Mangadu -A

The guideline value is a crucial factor during the registration of property transactions in Mangadu -A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value helps ensure that the transaction reflects a fair value, and the fees are calculated based on this established rate. This process is vital for maintaining transparency and consistency in property dealings.

Frequently asked questions

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

The current guideline value of Bajanai Koil Street Ragunathapuram is Rs 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 938 per sq.ft to Rs 1,540 per sq.ft in 2024, which is a total increase of 64% over this period.

What is the land classification for Bajanai Koil Street Ragunathapuram?

Bajanai Koil Street Ragunathapuram is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where can I find the registration office for Bajanai Koil Street Ragunathapuram?

The registration office covering Bajanai Koil Street Ragunathapuram is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 15,40,000 would incur a stamp duty of Rs 1,07,800 at a rate of 7%.