Guideline Value for BHARADHI ST

Bharadhi St guideline value

The current guideline value of Bharadhi St in Thiruninravur-B village is Rs 440 per sq.ft, effective from 1 July 2024. This street falls under the Avadi SRO and is classified as Residential Class III Type - III.

How the guideline value of Bharadhi St has changed

The guideline value for Bharadhi St has seen several revisions over the years. The earliest recorded figure is from 2017, where it was Rs 268 per sq.ft. This increased to Rs 400 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for Bharadhi St in the years 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,760 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, placing Bharadhi St's 2024 figure below that median.

• Baskar Nagar: Rs 770 per sq.ft (2024)
• Bharath Nagar: Rs 438 per sq.ft (2024)
• Bhavani Nagar: Rs 770 per sq.ft (2024)
• Balamurugan Nagar Part I: Rs 1,320 per sq.ft (2024)
• Balamurugan Nagar: Rs 1,175 per sq.ft (2024)
• Bismillah St: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Bharadhi St

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value is Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharadhi St?

The Sub Registrar Office that covers Bharadhi 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. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-B

The guideline value is a critical factor during the registration of property transactions in Thiruninravur-B. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the higher value between the guideline value and the sale price is considered for calculating the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bharadhi St?

The current guideline value of Bharadhi St is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 268 per sq.ft in 2017 to Rs 440 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What is the median guideline value for streets in Thiruninravur-B?

The median guideline value for the 374 streets in Thiruninravur-B is Rs 770 per sq.ft, which is higher than the current value of Bharadhi St.

What are the stamp duty and registration fees for a property in Bharadhi St?

For a 1,000 sq.ft plot at Rs 440 per sq.ft, the total guideline value is Rs 4,40,000. The stamp duty would be Rs 30,800, and the registration fee would be Rs 8,800, totaling Rs 39,600.

Which office handles property registration for Bharadhi St?

The Avadi Sub Registrar Office handles property registration for Bharadhi St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.