Guideline Value for BISMILLAH ST

Bismillah St guideline value

The current guideline value of Bismillah St is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-A village and falls under the Avadi SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Bismillah St has changed

The guideline value for Bismillah St has seen several revisions over the years. The earliest recorded revision was in 2017, where the guideline value was Rs 469 per sq.ft. This increased to Rs 700 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the value at Rs 750 per sq.ft, reflecting a 7% increase from the previous year.

There are no recorded figures for Bismillah St in the revisions from the years 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 60%.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft. The median value for these streets is Rs 750 per sq.ft, which is equal to the 2024 guideline value for Bismillah St.

• Bhavani Nagar: Rs 750 per sq.ft (2024)
• Bharath Nagar: Rs 990 per sq.ft (2024)
• Chandirasekar Nagar: Rs 750 per sq.ft (2024)
• Bharadhi St: Rs 440 per sq.ft (2024)
• Baskar Nagar: Rs 750 per sq.ft (2024)
• Balakrishnan Nagar & Streets: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Bismillah St

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty at 7% would amount to Rs 52,500, while the registration fee at 2% would be Rs 15,000. Together, the total cost for these fees would be Rs 67,500. 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 more precise calculations.

Which Sub Registrar Office covers Bismillah St?

The Sub Registrar Office that covers Bismillah St is the Avadi Sub Registrar Office. The address is 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 Thiruninravur-A

The guideline value plays a crucial role during the registration of property transactions in Thiruninravur-A. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Bismillah St?

The current guideline value of Bismillah St is Rs 750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased by 7%. Overall, from 2017 to 2024, it has increased by 60%.

What is the land classification for Bismillah St?

Bismillah St is classified as Residential Class II Type - III, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Bismillah St?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 7,50,000 would incur a stamp duty of Rs 52,500 and a registration fee of Rs 15,000.