Guideline Value

Corporate

Guideline Value for BAKTHAVACHALAPURAM JOTHI RAMALAINGAM ST

₹1625/sq.ft.

The guideline value for Bakthavachalapuram Jothi Ramalaingam St 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 Bakthavachalapuram Jothi Ramalaingam St

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Bakthavachalapuram Jothi Ramalaingam St guideline value

The current guideline value of Bakthavachalapuram Jothi Ramalaingam St is Rs 1,625 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village, under the Avadi SRO, and is classified as Residential Special Type - I.

How the guideline value of Bakthavachalapuram Jothi Ramalaingam St has changed

The guideline value for Bakthavachalapuram Jothi Ramalaingam St has undergone several revisions over the years. In 2012, the value was Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, there was a significant increase of 87%, bringing the value up to Rs 1,500 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 1,625 per sq.ft, reflecting an increase of 8% from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 35%.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft. The median value among these streets is Rs 1,625 per sq.ft, which is the same as the guideline value for Bakthavachalapuram Jothi Ramalaingam St.

Stamp duty and registration fee for property in Bakthavachalapuram Jothi Ramalaingam St

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

You can also use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Bakthavachalapuram Jothi Ramalaingam St?

The Bakthavachalapuram Jothi Ramalaingam St is covered by 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 information.

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

The guideline value is a critical factor in property transactions in Paruthipattu. It serves as a benchmark for determining the stamp duty and registration fees during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value helps in assessing the legal obligations for taxes and fees. This ensures that both parties are aware of their financial responsibilities during the transaction.

Frequently asked questions

What is the current guideline value of Bakthavachalapuram Jothi Ramalaingam St?

The current guideline value of Bakthavachalapuram Jothi Ramalaingam St is Rs 1,625 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: Rs 1,200 per sq.ft in 2012, Rs 804 per sq.ft in 2017, Rs 1,500 per sq.ft in 2023, and currently Rs 1,625 per sq.ft in 2024.

What is the land classification for Bakthavachalapuram Jothi Ramalaingam St?

The land classification for Bakthavachalapuram Jothi Ramalaingam St is Residential Special Type - I.

What is the registration office for this street?

The registration office covering Bakthavachalapuram Jothi Ramalaingam St 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 the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 16,25,000 would incur a stamp duty of Rs 1,13,750 at 7%.