Guideline Value for Bajanai Koil Street

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 2,090 per sq.ft, effective from 1 July 2024. This street is located in Kattupakkam village and falls under the Kunrathur SRO. The land classification for this area is Residential Class I 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 250 per sq.ft, which increased significantly to Rs 1,900 per sq.ft in 2012. However, this figure dropped to Rs 1,273 per sq.ft in 2017, marking a decrease of 33%. The value then rose to Rs 1,900 per sq.ft in 2023, before reaching the current rate of Rs 2,090 per sq.ft in 2024, reflecting a 10% increase.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 736%.

Guideline values in Kattupakkam

Kattupakkam village has a total of 75 streets under the Kunrathur SRO, with the 2024 guideline values ranging from Rs 1,980 to Rs 4,290 per sq.ft. The median value among these streets is Rs 2,090 per sq.ft, which is equal to the guideline value of Bajanai Koil Street.

• Audco Nagar: Rs 3,520 per sq.ft (2024)
• Balasubramania Nagar: Rs 2,090 per sq.ft (2024)
• Balu Indira Nagar: Rs 2,360 per sq.ft (2024)
• ArulMurugan Nagar: Rs 2,090 per sq.ft (2024)
• Bazaar Street: Rs 2,090 per sq.ft (2024)
• Bhaskar Avenue: Rs 2,090 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 2,090 per sq.ft, the total guideline value would be Rs 20,90,000. The stamp duty at 7% would amount to Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, bringing the total to Rs 1,88,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, 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 more details.

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

The guideline value is a crucial factor in property transactions in Kattupakkam. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. Buyers should be aware that the guideline value may differ from the sale price, and the duty is charged on the higher of the two.

When selling property, the guideline value helps establish a baseline for the transaction, ensuring that the property is registered at a value recognized by the government. This process helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street?

The current guideline value of Bajanai Koil Street is Rs 2,090 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 2,090 per sq.ft in 2024, an increase of 736% overall.

What are the stamp duty rates for properties in Kattupakkam?

The stamp duty for properties in Kattupakkam is 7% of the guideline value or sale price, whichever is higher.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is 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 Residential Class I Type - I.