Guideline Value for NEW MAMBAKKAM BAJANAI KOIL STREET

New Mambakkam Bajanai Koil Street guideline value

The current guideline value of New Mambakkam Bajanai Koil Street is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Mambakkam village under the Madurandakam SRO and is classified as Residential Class I Type - I.

How the guideline value of New Mambakkam Bajanai Koil Street has changed

The guideline value for New Mambakkam Bajanai Koil Street has seen several revisions over the years. In the 2007 revision, the value was Rs 80 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2012. However, in the 2017 revision, the value dropped to Rs 201 per sq.ft. The subsequent revision in 2023 brought it back up to Rs 300 per sq.ft, and the latest revision in 2024 has set it at Rs 330 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 313%. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Mambakkam

In Mambakkam, there are 26 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 770 per sq.ft, with a median of Rs 330 per sq.ft. New Mambakkam Bajanai Koil Street's guideline value aligns with this median.

• New Mambakkam Brammanar Street: Rs 330 per sq.ft (2024)
• New Mambakkam Sunambedu Road: Rs 385 per sq.ft (2024)
• Old Mambakkam Brammanar Street, New Colony: Rs 330 per sq.ft (2024)
• Old Mambakkam Gandhi Street: Rs 385 per sq.ft (2024)
• Old Mambakkam Old Brammanar Street, Jayanagar: Rs 330 per sq.ft (2024)
• Old Mambakkam Ora Veedhi Street: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in New Mambakkam Bajanai Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, leading to a total cost of Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further assistance, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers New Mambakkam Bajanai Koil Street?

The Sub Registrar Office covering New Mambakkam Bajanai Koil Street is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mambakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

Frequently asked questions

What is the current guideline value of New Mambakkam Bajanai Koil Street?

The current guideline value of New Mambakkam Bajanai Koil Street is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 80 per sq.ft in 2007 to Rs 330 per sq.ft in 2024, marking an overall increase of 313% over the years.

What are the other streets in Mambakkam and their guideline values?

Other streets in Mambakkam include New Mambakkam Brammanar Street and Old Mambakkam Gandhi Street, with guideline values of Rs 330 and Rs 385 per sq.ft respectively for 2024.

What fees are associated with buying property in New Mambakkam Bajanai Koil Street?

The fees include a stamp duty of 7% and a registration fee of 2%, calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for New Mambakkam Bajanai Koil Street located?

The Madurandakam Sub Registrar Office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.