Guideline Value for Bajanai Koil Street

Bajanai Koil Street guideline value

The current guideline value of Bajanai Koil Street in Sundaracholavaram village, under the Kunrathur SRO, is Rs 550 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

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 the 2007 revision, the value was set at Rs 175 per sq.ft. This increased significantly to Rs 500 per sq.ft in the 2012 revision, marking a rise of 186%. However, in the 2017 revision, the value decreased to Rs 335 per sq.ft, a drop of 33%. The value then increased to Rs 500 per sq.ft in the 2023 revision, and finally, it rose to Rs 550 per sq.ft in the 2024 revision, reflecting a 10% increase.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 214%.

Guideline values in Sundaracholavaram

In Sundaracholavaram, there are 57 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,600 per sq.ft, with a median value of Rs 660 per sq.ft. Bajanai Koil Street's 2024 figure is below this median.

• Bajanai koil I st Street: Rs 550 per sq.ft (2024)
• Bajanai Koil to Koladi link: Rs 660 per sq.ft (2024)
• AzhagarSwamy Nager: Rs 660 per sq.ft (2024)
• Avadi Paruthippattu Road: Rs 660 per sq.ft (2024)
• Balakrishnan Nagar: Rs 880 per sq.ft (2024)
• Balakrishnan naidu street: Rs 660 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 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total to Rs 49,500. 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 Sundaracholavaram

The guideline value is a critical factor when buying or selling property in Sundaracholavaram, as it determines the amount of stamp duty and registration fees payable. It serves as a reference point for the valuation of properties during the registration process.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately with the local authorities. Buyers and sellers should 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 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 175 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, reflecting an overall increase of 214%.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is charged at 7% of the guideline value or the 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.

How many streets in Sundaracholavaram have a guideline value?

There are 57 streets in Sundaracholavaram that carry a 2024 guideline value, ranging from Rs 550 to Rs 4,600 per sq.ft.