Guideline Value for Bajanai Koil Street

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 2,970 per sq.ft, effective from 1 July 2024. This street is located in Mogalivakkam village under the Kunrathur SRO, classified as Residential 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 Rs 633 per sq.ft, which increased significantly to Rs 2,700 per sq.ft in 2012. However, it then decreased to Rs 1,809 per sq.ft in 2017. The most recent figures show a rise to Rs 2,700 per sq.ft in 2023 and a further increase to Rs 2,970 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 369%. The revisions for 2002 and 2003 do not have figures available for this street in the register.

Guideline values in Mogalivakkam

In Mogalivakkam, there are 98 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 2,530 to Rs 6,600 per sq.ft. The median value is Rs 2,970 per sq.ft, making Bajanai Koil Street's 2024 figure equal to this median.

• Balaji Avenue: Rs 2,860 per sq.ft (2024)
• A.V. Garden: Rs 2,970 per sq.ft (2024)
• Arumugam Nagar 1st Street: Rs 2,970 per sq.ft (2024)
• Arumugam Nagar: Rs 2,970 per sq.ft (2024)
• Annai Velankanni Nagar Annexe: Rs 3,520 per sq.ft (2024)
• Annai Velankanni Nagar: Rs 3,520 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 2,970 per sq.ft, the total guideline value amounts to Rs 29,70,000. The stamp duty at 7% would be Rs 2,07,900, and the registration fee at 2% would be Rs 59,400, bringing the total to Rs 2,67,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Bajanai Koil Street?

The Sub Registrar Office covering 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property. It serves as a benchmark for determining the stamp duty and registration fees applicable, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value helps in assessing the legal obligations related to the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Bajanai Koil Street?

The current guideline value of Bajanai Koil Street is Rs 2,970 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 633 per sq.ft in 2007 to Rs 2,970 per sq.ft in 2024, reflecting an overall increase of 369% over this period.

What is the land classification for Bajanai Koil Street?

Bajanai Koil Street is classified as Residential Special Type - I under the Kunrathur SRO.

What are the stamp duty and registration fees for properties on this street?

For a 1,000 sq.ft plot, the total guideline value is Rs 29,70,000. The stamp duty is Rs 2,07,900, and the registration fee is Rs 59,400, totaling Rs 2,67,300.

Which office handles registrations for Bajanai Koil Street?

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