Guideline Value for BHARATH AVENUE

Bharath Avenue guideline value

The current guideline value of Bharath Avenue in Mitnamalle village is Rs 802 per sq.ft, effective from 1 July 2024. This area falls under the Avadi SRO and is classified as Residential Class II Type - I.

How the guideline value of Bharath Avenue has changed

The guideline value register for Bharath Avenue shows no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 600 per sq.ft. This figure increased to Rs 802 per sq.ft in the 2024 revision, marking a change of +34%.

The current guideline value of Rs 802 per sq.ft aligns with the median value for residential streets in Mitnamalle, which range from Rs 800 to Rs 2,550 per sq.ft in the 2024 revision.

Guideline values in Mitnamalle

In Mitnamalle, there are 53 streets under the Avadi SRO that have a guideline value for 2024. The median value is Rs 802 per sq.ft, and Bharath Avenue's 2024 figure matches this median. Below are other streets in Mitnamalle with their respective guideline values:

• Bharathi Nagar: Rs 802 per sq.ft (2024)
• Balaji Avenue: Rs 802 per sq.ft (2024)
• Chengalaiyamman Koil St: Rs 806 per sq.ft (2024)
• Chidambaram St: Rs 804 per sq.ft (2024)
• Bajanai Koil St: Rs 802 per sq.ft (2024)
• Crpf Nagar Bharath Avenue: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Bharath Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 802 per sq.ft, the total guideline value would be Rs 8,02,000. The stamp duty at 7% would amount to Rs 56,140, and the registration fee at 2% would be Rs 16,040. Together, the total cost for these fees would be Rs 72,180. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Bharath Avenue?

The Sub Registrar Office that covers Bharath Avenue 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 Mitnamalle

The guideline value is a crucial factor in the registration process when buying or selling property in Mitnamalle. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value serves as a reference point to ensure that the transaction is recorded accurately. It is essential for buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Bharath Avenue?

The current guideline value of Bharath Avenue is Rs 802 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Bharath Avenue was Rs 600 per sq.ft in 2023 and increased to Rs 802 per sq.ft in 2024, reflecting a change of +34%. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Bharath Avenue?

Bharath Avenue is classified as Residential Class II Type - I according to the guideline value register.

What are the stamp duty and registration fees for a property in Bharath Avenue?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value. For a 1,000 sq.ft plot at Rs 802 per sq.ft, the total fees would amount to Rs 72,180.

Which Sub Registrar Office covers Bharath Avenue?

The Avadi Sub Registrar Office covers Bharath Avenue, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.