Guideline Value for Bajanai koil Street 2nd sandhu

Bajanai koil Street 2nd sandhu guideline value

The current guideline value of Bajanai koil Street 2nd sandhu is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Manancheri village, under the Kunrathur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Bajanai koil Street 2nd sandhu has changed

The guideline value for Bajanai koil Street 2nd sandhu has seen several revisions over the years. In 2007, the value was Rs 175 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2012. However, it dropped to Rs 335 per sq.ft in 2017. The most recent revisions show an increase to Rs 500 per sq.ft in 2023, followed by a further increase to Rs 550 per sq.ft in 2024, marking a 10% rise from the previous year.

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

Guideline values in Manancheri

In Manancheri village, there are 59 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,400 per sq.ft, with a median value of Rs 990 per sq.ft. The guideline value for Bajanai koil Street 2nd sandhu is below this median.

• Bajanai koil Street 1st sandhu: Rs 550 per sq.ft (2024)
• Bajanai koil Street: Rs 550 per sq.ft (2024)
• Babu Avenue-III: Rs 1,430 per sq.ft (2024)
• Babu Avenue II: Rs 1,430 per sq.ft (2024)
• Babu Avenue I: Rs 1,430 per sq.ft (2024)
• Babu Avenue: Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in Bajanai koil Street 2nd sandhu

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be 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 and the sale price. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Bajanai koil Street 2nd sandhu?

The Bajanai koil Street 2nd sandhu falls under 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 Manancheri

The guideline value is a critical factor in property transactions in Manancheri. It serves as a benchmark for determining the stamp duty and registration fees during the registration process. Buyers and sellers need to be aware of the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the applicable fees. It is essential for both parties involved in the transaction to understand how this value impacts their financial obligations during the sale or purchase of property in the area.

Frequently asked questions

What is the current guideline value of Bajanai koil Street 2nd sandhu?

The current guideline value of Bajanai koil Street 2nd sandhu 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% over this period.

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

Other streets in Manancheri include Bajanai koil Street 1st sandhu and Bajanai koil Street, both at Rs 550 per sq.ft, and several Babu Avenue streets at Rs 1,430 per sq.ft.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7%, while the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Which office should I contact for property registration in this area?

The Kunrathur Sub Registrar Office covers Bajanai koil Street 2nd sandhu. It is located at No.59, Road Street, Kundrathur, Chennai -600 069.