Guideline Value for BHARATHA MADA ST

Bharatha Mada St guideline value

The current guideline value of Bharatha Mada St in Thandurai village, under the Avadi SRO, is Rs 988 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Bharatha Mada St has changed

The guideline value for Bharatha Mada St has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 900 per sq.ft. In 2017, the value changed to Rs 603 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 900 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 set the value at Rs 988 per sq.ft, a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for Bharatha Mada St. Overall, from 2012 to 2024, the guideline value has seen a slight increase of 10%.

Guideline values in Thandurai

In Thandurai village, there are 331 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,640 per sq.ft. The median value is Rs 988 per sq.ft, which aligns with the current guideline value of Bharatha Mada St.

• Beshmarav Road: Rs 1,300 per sq.ft (2024)
• Bharathidasan St (Ambedkar St): Rs 988 per sq.ft (2024)
• Bharathidasan St M.K.Bharathiyar Nagar: Rs 988 per sq.ft (2024)
• Bharathidasan St (M.T.H.Road Southern Side): Rs 988 per sq.ft (2024)
• Beemarav Nagar Uzhaippalar Nagar: Rs 1,300 per sq.ft (2024)
• Bharathi St: Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Bharatha Mada St

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value would be Rs 9,88,000. The stamp duty at 7% would amount to Rs 69,160, while the registration fee at 2% would be Rs 19,760. Together, the total cost for stamp duty and registration fee would be Rs 88,920. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Bharatha Mada St?

The Sub Registrar Office that covers Bharatha Mada 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 Thandurai

The guideline value is a critical factor during the registration of property transactions in Thandurai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When you buy or sell property, the guideline value helps both the buyer and seller understand the official value of the property. This value is also essential for loan assessments and other financial transactions related to real estate.

Frequently asked questions

What is the current guideline value of Bharatha Mada St?

The current guideline value of Bharatha Mada St is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 988 per sq.ft in 2024.

What are the other streets in Thandurai with similar guideline values?

Other streets in Thandurai with a guideline value of Rs 988 per sq.ft include Bharathidasan St (Ambedkar St), Bharathidasan St M.K.Bharathiyar Nagar, Bharathidasan St (M.T.H.Road Southern Side), and Bharathi St.

What is the registration fee for property in Bharatha Mada St?

The registration fee for property in Bharatha Mada St is calculated based on the guideline value. For a property valued at Rs 9,88,000, the registration fee at 2% would be Rs 19,760.

Which office handles the registration for Bharatha Mada St?

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