Guideline Value for Bajanai koil I st Street

Bajanai koil I st Street guideline value

The current guideline value of Bajanai koil I st Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Sundaracholavaram village, under the Kunrathur SRO, classified as Residential Class II Type - I.

How the guideline value of Bajanai koil I st Street has changed

The guideline value for Bajanai koil I st Street has undergone several revisions over the years. In 2007, the value was Rs 175 per sq.ft, which increased to Rs 500 per sq.ft in 2012. However, there was a decrease to Rs 335 per sq.ft in 2017. The 2023 revision saw an increase to Rs 500 per sq.ft, followed by a further rise to Rs 550 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

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

Guideline values in Sundaracholavaram

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

• Bajanai Koil 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 I st Street

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the 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, totaling Rs 49,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bajanai koil I st Street?

The Sub Registrar Office covering Bajanai koil I st 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 Sundaracholavaram

The guideline value is a critical factor when registering property in Sundaracholavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Bajanai koil I st Street?

The current guideline value of Bajanai koil I st 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 significantly from Rs 175 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, marking an overall increase of 214% over the years.

What is the land classification of Bajanai koil I st Street?

Bajanai koil I st Street is classified as Residential Class II Type - I under the guideline value register.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500, and the registration fee would be Rs 11,000, totaling Rs 49,500.

Which office handles the registration for Bajanai koil I st Street?

The Kunrathur Sub Registrar Office handles the registration for Bajanai koil I st Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.