Guideline Value for Bajanai Koil Street

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Mannurpet village, under the Konnur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Bajanai Koil Street has changed

The guideline value for Bajanai Koil Street has undergone several revisions over the years. In 2002, the guideline value was Rs 275 per sq.ft. This figure increased to Rs 303 per sq.ft in 2003, marking a 10% rise. The value continued to rise significantly, reaching Rs 800 per sq.ft in 2007, which was a 164% increase. By 2012, the value was Rs 1,600 per sq.ft, reflecting a 100% increase from 2007. However, it then dropped by 33% to Rs 1,072 per sq.ft in 2017.

In 2023, the guideline value rose to Rs 1,600 per sq.ft, and then increased by 6% to the current rate of Rs 1,700 per sq.ft in 2024. Overall, from 2002 to 2024, the guideline value has increased by 518%. There are no figures available for the revisions in years other than those specified.

Guideline values in Mannurpet

In Mannurpet village, there are 38 streets under the Konnur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 6,600 per sq.ft. The median value among these streets is Rs 1,300 per sq.ft, placing Bajanai Koil Street's 2024 figure above that median.

• Anantha Naidu Street: Rs 1,700 per sq.ft (2024)
• Amman Koil Street: Rs 1,700 per sq.ft (2024)
• Ambathur Industrial Estate: Rs 6,600 per sq.ft (2024)
• Coramandal Town: Rs 5,500 per sq.ft (2024)
• Aathimulam Street: Rs 1,300 per sq.ft (2024)
• Elango Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bajanai Koil Street?

The Sub Registrar Office that covers Bajanai Koil Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mannurpet. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. The guideline value serves as a benchmark for the minimum value at which the property can be registered.

When a property transaction occurs, the buyer and seller must ensure that the sale price is at least equal to the guideline value. This ensures compliance with the regulations set by the Registration Department. The guideline value is periodically revised to reflect changes in property values in the area.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street?

The current guideline value of Bajanai Koil Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 275 per sq.ft in 2002 to Rs 1,700 per sq.ft in 2024, reflecting an overall increase of 518% over this period.

What is the classification of Bajanai Koil Street?

Bajanai Koil Street is classified as Residential Class I Type - I under the Konnur SRO.

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

The Sub Registrar Office for Bajanai Koil Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is stamp duty calculated for properties on Bajanai Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 at 7%.