Guideline Value for Bajanai Koil to Koladi link

Bajanai Koil to Koladi link guideline value

The current guideline value for the Bajanai Koil to Koladi link in Sundaracholavaram village is Rs 660 per sq.ft, effective from 1 July 2024. This area falls under the Kunrathur SRO and is classified as Residential Class I Type - III.

How the guideline value of Bajanai Koil to Koladi link has changed

The guideline value for this street has seen several revisions over the years. The register shows that in 2012, the value was Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in 2017. However, the value increased significantly to Rs 600 per sq.ft in 2023, and further rose to Rs 660 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street in the register.

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. The median value is Rs 660 per sq.ft, which aligns with the current guideline value for the Bajanai Koil to Koladi link.

• Bajanai Koil Street: Rs 550 per sq.ft (2024)
• Bajanai koil I st Street: Rs 550 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 to Koladi link

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bajanai Koil to Koladi link?

The Bajanai Koil to Koladi link is covered by 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 Sundaracholavaram

The guideline value plays a crucial role in the registration process of property transactions in Sundaracholavaram. It serves as a benchmark for determining the minimum price at which a property can be registered.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that these costs are based on a standardized assessment of property values in the area.

Frequently asked questions

What is the current guideline value for Bajanai Koil to Koladi link?

The current guideline value for the Bajanai Koil to Koladi link is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

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

Other streets in Sundaracholavaram include Bajanai Koil Street and Bajanai koil I st Street, both at Rs 550 per sq.ft, and AzhagarSwamy Nager and Avadi Paruthippattu Road at Rs 660 per sq.ft, among others.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a guideline value of Rs 6,60,000, the stamp duty at 7% would be Rs 46,200.

Where can I find the Sub Registrar Office for this area?

The Kunrathur Sub Registrar Office, which covers the Bajanai Koil to Koladi link, is located at No.59, Road Street, Kundrathur, Chennai -600 069.