Guideline Value for Bajanai Koil Street

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 1,980 per sq.ft. This street is located in Chikkarayapuram village, which falls under the Kunrathur SRO. The land classification for this area is Mixed Special Type - I.

How the guideline value of Bajanai Koil Street has changed

The guideline value for Bajanai Koil Street has seen several revisions over the years. In 2007, the value was set at Rs 300 per sq.ft. It increased significantly to Rs 1,400 per sq.ft in 2012, marking a rise of 367%. However, from 2012 to 2017, the value decreased to Rs 938 per sq.ft, a drop of 33%. The value then surged to Rs 1,800 per sq.ft in 2023, reflecting a substantial increase of 92%. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for Bajanai Koil Street in the revisions of 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 560%.

Guideline values in Chikkarayapuram

In Chikkarayapuram, there are 61 streets under the Kunrathur SRO that carry a 2024 guideline value. The values range from Rs 1,430 to Rs 2,800 per sq.ft, with the median set at Rs 1,980 per sq.ft. Bajanai Koil Street's 2024 figure matches this median value.

• Babu Garden Phase II&III: Rs 1,980 per sq.ft (2024)
• Bakyam Nagar: Rs 1,760 per sq.ft (2024)
• Balaji Avenue: Rs 1,760 per sq.ft (2024)
• Balaji Nagar: Rs 1,980 per sq.ft (2024)
• Balasubramanian Nagar: Rs 1,870 per sq.ft (2024)
• Anu Garden: Rs 1,980 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 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. 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?

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. You can find your SRO for further assistance.

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

The guideline value is a critical factor in property transactions in Chikkarayapuram. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street?

The current guideline value of Bajanai Koil Street is Rs 1,980 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 300 per sq.ft in 2007 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 560%.

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

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which office handles property registrations for Bajanai Koil Street?

The Kunrathur Sub Registrar Office handles property registrations for Bajanai Koil Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Bajanai Koil Street?

The land classification for Bajanai Koil Street is Mixed Special Type - I, which indicates the type of development permissible in this area.