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Guideline Value

Corporate

Guideline Value for BHARATHI NAGAR GOVARTHANAGIRI

₹1625/sq.ft.

The guideline value for Bharathi Nagar Govarthanagiri 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 Bharathi Nagar Govarthanagiri

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Bharathi Nagar Govarthanagiri guideline value

The current guideline value for Bharathi Nagar Govarthanagiri is Rs 1,625 per sq.ft, effective from 1 July 2024. This area is located in Paruthipattu village under the Avadi SRO, classified as Residential Special Type - I.

How the guideline value of Bharathi Nagar Govarthanagiri has changed

The guideline value for Bharathi Nagar Govarthanagiri has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which changed to Rs 804 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, an increase of 87%. The latest revision in 2024 brings the guideline value to Rs 1,625 per sq.ft, reflecting an 8% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register 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 that have a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft, with a median value of Rs 1,625 per sq.ft. The guideline value for Bharathi Nagar Govarthanagiri is equal to this median.

Stamp duty and registration fee for property in Bharathi Nagar Govarthanagiri

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 be Rs 1,13,750, and the registration fee at 2% would be Rs 32,500, bringing the total cost for these fees to Rs 1,46,250. 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 Bharathi Nagar Govarthanagiri?

The Sub Registrar Office that covers Bharathi Nagar Govarthanagiri 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 further assistance.

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

The guideline value is a critical factor during the registration process of property transactions in Paruthipattu. 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 sold, the buyer must pay the stamp duty based on either the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Bharathi Nagar Govarthanagiri?

The current guideline value of Bharathi Nagar Govarthanagiri 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 changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,625 per sq.ft in 2024.

What is the median guideline value in Paruthipattu?

The median guideline value in Paruthipattu is Rs 1,625 per sq.ft, which is the same as the guideline value for Bharathi Nagar Govarthanagiri.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would be Rs 1,46,250.

Which office handles property registrations in Bharathi Nagar Govarthanagiri?

The Avadi Sub Registrar Office handles property registrations in Bharathi Nagar Govarthanagiri, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.