Guideline Value for Bajanai Koil Street

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street is Rs 2,860 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO, and it falls under the Residential Special Type - III land classification.

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 409 per sq.ft. It increased to Rs 453 per sq.ft in 2003, marking an 11% rise. By 2007, the value jumped significantly to Rs 1,000 per sq.ft, reflecting a 121% increase. The 2012 revision saw the value rise to Rs 2,600 per sq.ft, which was a 160% increase from the previous revision. However, in 2017, the value dropped to Rs 1,742 per sq.ft, representing a decline of 33%. The value then rose again to Rs 2,600 per sq.ft in 2023, before reaching the current figure of Rs 2,860 per sq.ft in 2024, a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 599%. There are no figures available for the revisions in the years not listed.

Guideline values in Porur

In Porur village, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft, with the median being Rs 3,960 per sq.ft. The guideline value for Bajanai Koil Street is below this median.

• Asthtalakshmi Nagar 2nd Street: Rs 4,290 per sq.ft (2024)
• Ashtalakshmi Nagar 3rd Street: Rs 4,290 per sq.ft (2024)
• Ashtalakshmi Nagar 1st Street: Rs 4,290 per sq.ft (2024)
• Balamurugan Koil 1st Street: Rs 3,520 per sq.ft (2024)
• Balamurugan Koil 2nd Street: Rs 3,520 per sq.ft (2024)
• Balamurugan Koil 3rd Street: 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 2,860 per sq.ft, the total guideline value would be Rs 28,60,000. The stamp duty at 7% would amount to Rs 2,00,200, and the registration fee at 2% would be Rs 57,200, bringing the total cost to Rs 2,57,400. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more accurate estimates.

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 information.

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

The guideline value is an essential factor when registering property transactions in Porur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buyers and sellers engage in a transaction, the guideline value helps in assessing the fair value of the property, which is crucial for legal and financial purposes. It is important to be aware of the current guideline value to avoid any discrepancies 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 2,860 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 409 per sq.ft in 2002 to Rs 2,860 per sq.ft in 2024, reflecting an overall increase of 599% over the years.

What are the other streets in Porur with their guideline values?

In addition to Bajanai Koil Street, other streets in Porur include Asthtalakshmi Nagar 2nd Street, Ashtalakshmi Nagar 3rd Street, Ashtalakshmi Nagar 1st Street, and Balamurugan Koil streets, with values ranging from Rs 3,520 to Rs 4,290 per sq.ft in 2024.

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 2,00,200.

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

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