Guideline Value for Bajanai koil Street

Bajanai koil Street guideline value

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

How the guideline value of Bajanai koil Street has changed

The guideline value for Bajanai koil Street has seen several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 175 per sq.ft. This increased significantly to Rs 500 per sq.ft in 2012, marking a rise of 186%. However, in 2017, the value dropped to Rs 335 per sq.ft, a decrease of 33%. The next revision in 2023 saw the value rise again to Rs 500 per sq.ft, and it further increased to Rs 550 per sq.ft in 2024, reflecting a 10% change from the previous year. The register has no figures for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 214%. The changes between the revisions highlight the fluctuations in the guideline value, with a notable increase of 49% from 2017 to 2023.

Guideline values in Manancheri

In Manancheri, 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. The median value for these streets is Rs 990 per sq.ft, placing Bajanai koil Street's 2024 figure below that median.

• Bajanai koil Street 1st sandhu: Rs 550 per sq.ft (2024)
• Bajanai koil Street 2nd sandhu: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total 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, bringing the total cost for these fees 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, within the Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Manancheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps maintain transparency in property dealings. It is essential for both buyers and sellers 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 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, representing an overall increase of 214% over the years.

What is the land classification for Bajanai koil Street?

Bajanai koil Street is classified as Residential Class II Type - II, which indicates its designation for residential use.

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.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 550 per sq.ft incurs a total guideline value of Rs 5,50,000, leading to specific fees based on that value.