Guideline Value for BHARATHI ST

Bharathi St guideline value

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

How the guideline value of Bharathi St has changed

The guideline value for Bharathi St has seen several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which was then reduced to Rs 603 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 900 per sq.ft in 2023, and then rose again to the current rate of Rs 988 per sq.ft in 2024. The register has no figure for this street in the years 2002, 2003, and 2007.

Between the revisions, the changes are notable. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The most recent change from 2023 to 2024 reflects a 10% increase, resulting in an overall increase of 10% from 2012 to 2024.

Guideline values in Thandurai

In Thandurai, 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 across these streets is Rs 988 per sq.ft, which aligns with the current guideline value of Bharathi St.

• Bharathi St Thiruvallur St: Rs 988 per sq.ft (2024)
• Bharathiyar Nagar: Rs 988 per sq.ft (2024)
• Bharathiyar St Kamarajapuram: Rs 988 per sq.ft (2024)
• Bharathiyar St (M.T.H.Road Southern Side): Rs 988 per sq.ft (2024)
• Bharathidasan St (M.T.H.Road Southern Side): Rs 988 per sq.ft (2024)
• Bharathidasan St M.K.Bharathiyar Nagar: Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi St

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

You can also use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Bharathi St?

The Sub Registrar Office that covers Bharathi 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. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role 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 appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value must be considered alongside the sale price. The higher of the two values will be used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Bharathi St?

The current guideline value of Bharathi 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 is the land classification for Bharathi St?

Bharathi St falls under the Residential Class II Type - I land classification, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees for a property on Bharathi St?

For a property valued at Rs 9,88,000, the stamp duty would be Rs 69,160 and the registration fee would be Rs 19,760, totaling Rs 88,920.

Which office handles property registrations for Bharathi St?

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