Guideline Value for Bajanai Koil Street

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 1,210 per sq.ft, effective from 1 July 2024. This street is located in Baraniputjur village and falls under the Kunrathur SRO. The land classification for this area is Residential Special Type - II.

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 the 2007 revision, the value was set at Rs 250 per sq.ft, which saw a significant increase to Rs 1,100 per sq.ft in the 2012 revision. However, this value decreased to Rs 737 per sq.ft in the 2017 revision. The 2023 revision raised it to Rs 1,100 per sq.ft, and the most recent 2024 revision has increased it further to Rs 1,210 per sq.ft.

Between the revisions, the changes were as follows: from 2007 to 2012, there was a substantial increase of 340%. The value then decreased by 33% from 2012 to 2017. Following that, there was a significant increase of 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Baraniputjur

In Baraniputjur village, there are 39 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 2,500 per sq.ft. The median value for these streets is Rs 1,210 per sq.ft, which is equal to the guideline value of Bajanai Koil Street for 2024.

• Baraniputhur Main Road: Rs 1,450 per sq.ft (2024)
• A.N.E Avenue: Rs 1,500 per sq.ft (2024)
• Andavar Nagar: Rs 1,210 per sq.ft (2024)
• Amman Nagar: Rs 1,450 per sq.ft (2024)
• A.D.L.Nagar: Rs 1,210 per sq.ft (2024)
• Ellaiyamman koil Street: Rs 1,210 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 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty at 7% would amount to Rs 84,700, and the registration fee at 2% would be Rs 24,200, bringing the total charges to Rs 1,08,900. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the 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 Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Baraniputjur. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions 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 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 1,210 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Bajanai Koil Street?

The land classification for Bajanai Koil Street is Residential Special Type - II.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for property in 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 12,10,000, the stamp duty at 7% would be Rs 84,700.