Guideline Value

Corporate

Guideline Value for BHARATHIYAR NAGAR

₹988/sq.ft.

The guideline value for Bharathiyar Nagar in Thandurai village (Avadi SRO, Chennai zone) is Rs 988 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thandurai

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹988 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹900 /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 Bharathiyar Nagar

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Bharathiyar Nagar guideline value

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

How the guideline value of Bharathiyar Nagar has changed

Looking at the revisions, the guideline value was Rs 900 per sq.ft in 2023, which increased to Rs 988 per sq.ft in 2024, marking a change of +10%. Prior to that, in 2017, the value was Rs 603 per sq.ft, showing a significant increase of +49% to reach the 2023 figure. The 2012 revision also recorded a value of Rs 900 per sq.ft, but there was a decrease of -33% to Rs 603 per sq.ft in 2017. Overall, from 2012 to 2024, the guideline value has increased by +10%.

The register has no figures for the years 2002, 2003, and 2007 for this street, which means we can only consider the revisions from 2012 onwards for our analysis.

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 for these streets is Rs 988 per sq.ft, which matches the guideline value for Bharathiyar Nagar.

Stamp duty and registration fee for property in Bharathiyar Nagar

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, and the registration fee at 2% would be Rs 19,760, bringing the total 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathiyar Nagar?

The Bharathiyar Nagar area is covered by 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thandurai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring that the transaction is compliant with local regulations. It is essential for buyers and sellers to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bharathiyar Nagar?

The current guideline value of Bharathiyar Nagar is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent increase of +10% from Rs 900 per sq.ft in 2023 to Rs 988 per sq.ft in 2024. From 2017 to 2023, it increased by +49%, while there was a decrease of -33% from 2012 to 2017.

What is the land classification for Bharathiyar Nagar?

Bharathiyar Nagar falls under the Residential Class II Type - I land classification, which indicates its suitability for residential purposes.

Where can I find the Sub Registrar Office for Bharathiyar Nagar?

The Sub Registrar Office covering Bharathiyar Nagar is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Bharathiyar Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 9,88,000, the stamp duty would be Rs 69,160 at a rate of 7%, along with a registration fee of Rs 19,760 at 2%.