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Guideline Value

Corporate

Guideline Value for BAJAA NAGAR 3RD STREET

₹1625/sq.ft.

The guideline value for Bajaa Nagar 3rd Street in Paruthipattu village (Avadi SRO, Chennai zone) is Rs 1625 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paruthipattu

Village

Avadi

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1625 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Bajaa Nagar 3rd Street

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Bajaa Nagar 3rd Street guideline value

The current guideline value of Bajaa Nagar 3rd Street is Rs 1,625 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village under the Avadi SRO, classified as Residential Special Type - I.

How the guideline value of Bajaa Nagar 3rd Street has changed

The guideline value for Bajaa Nagar 3rd Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, and further rose to Rs 1,625 per sq.ft in the 2024 revision, marking an 8% increase from the previous year. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it saw a substantial increase of 87%. Overall, comparing the figures from 2012 to 2024, there has been a 35% increase in the guideline value.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft. The median guideline value is Rs 1,625 per sq.ft, which aligns with the 2024 figure for Bajaa Nagar 3rd Street.

Stamp duty and registration fee for property in Bajaa Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value would be Rs 16,25,000. The stamp duty at 7% would amount to Rs 1,13,750, and the registration fee at 2% would be Rs 32,500, bringing the total to Rs 1,46,250. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bajaa Nagar 3rd Street?

The Bajaa Nagar 3rd Street falls under the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

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

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Bajaa Nagar 3rd Street?

The current guideline value of Bajaa Nagar 3rd Street is Rs 1,625 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has seen fluctuations, with a notable increase from Rs 804 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023, and then to Rs 1,625 per sq.ft in 2024.

What is the land classification of Bajaa Nagar 3rd Street?

Bajaa Nagar 3rd Street is classified as Residential Special Type - I, indicating its suitability for residential development.

What is the registration office for Bajaa Nagar 3rd Street?

The registration office that covers Bajaa Nagar 3rd Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Bajaa Nagar 3rd Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 16,25,000, leading to a stamp duty of Rs 1,13,750 at 7%.