Guideline Value for Bargavi Avenue

Bargavi Avenue guideline value

The current guideline value of Bargavi Avenue is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Adhanoor village under the Gooduvancheri SRO, classified as Residential Special Type - I.

How the guideline value of Bargavi Avenue has changed

Over the years, the guideline value for Bargavi Avenue has seen several revisions. In 2007, the guideline value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, from 2012 to 2017, there was a decrease to Rs 670 per sq.ft, a drop of 33%. Following this, the value increased to Rs 1,000 per sq.ft in 2023, and it remained unchanged in the 2024 revision.

From 2017 to 2023, the guideline value rose by 49%, and overall, from 2007 to 2024, there has been a 400% increase in the guideline value. The revisions for the years 2002 and 2003 do not have any figures listed for this street.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 670 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 1,000 per sq.ft, which is equal to the 2024 figure for Bargavi Avenue.

• Barathi Nagar: Rs 1,000 per sq.ft (2024)
• Balaramapuram: Rs 1,000 per sq.ft (2024)
• Balamurugan Nagar: Rs 1,000 per sq.ft (2024)
• Bhagavath Ramanujar Town: Rs 1,000 per sq.ft (2024)
• Bharathi Nagar Part -I: Rs 1,000 per sq.ft (2024)
• Balaji Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Bargavi Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bargavi Avenue?

The Sub Registrar Office that covers Bargavi Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Adhanoor. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees payable at the time of registration.

When buying or selling property, the guideline value serves as a benchmark to ensure that the transaction is recorded at a fair value. This ensures transparency and helps in maintaining uniformity in property transactions within the region.

Frequently asked questions

What is the current guideline value of Bargavi Avenue?

The current guideline value of Bargavi Avenue is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Bargavi Avenue has changed from Rs 200 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and returned to Rs 1,000 per sq.ft in 2023 and 2024.

What are the stamp duty and registration fees for property in Bargavi Avenue?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 10,00,000. The stamp duty is Rs 70,000, and the registration fee is Rs 20,000, totaling Rs 90,000.

Which Sub Registrar Office covers Bargavi Avenue?

The Gooduvancheri Sub Registrar Office covers Bargavi Avenue, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

What is the land classification of Bargavi Avenue?

Bargavi Avenue is classified as Residential Special Type - I, indicating its suitability for residential purposes within the Adhanoor village.