Guideline Value

Corporate

Guideline Value for Bharathi Avenue 1st Street

₹5000/sq.ft.

The guideline value for Bharathi Avenue 1st Street in Kottur village (Adayar SRO, Chennai zone) is Rs 5000 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kottur

Village

Adayar

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹5000 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹3000 /sq.ft.
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)

No.161(71/6), L.b Road (dr.muthulakshmi Salai) Tnhb Building,third Floor,thiruvanmiyur,chennai-600041
044-24415011
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Avenue 1st Street

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Bharathi Avenue 1st Street guideline value

The current guideline value of Bharathi Avenue 1st Street is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Kottur village and falls under the Adayar SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Bharathi Avenue 1st Street has changed

Looking at the historical revisions, the guideline value for Bharathi Avenue 1st Street has seen several changes over the years. The 2007 revision set the value at Rs 3,000 per sq.ft, which increased to Rs 4,500 per sq.ft in 2012. However, there was a decrease to Rs 3,015 per sq.ft in the 2017 revision. The value then rose significantly to Rs 4,500 per sq.ft in 2023 and further increased to the current guideline value of Rs 5,000 per sq.ft in 2024.

In terms of percentage changes, the value increased by 50% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then increased by 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects an increase of 11%. Overall, from 2007 to 2024, the guideline value has risen by 67%. There are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Kottur

In Kottur, there are 114 streets under the Adayar SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value in this area is Rs 6,100 per sq.ft, placing the Bharathi Avenue 1st Street's 2024 figure below that median.

Stamp duty and registration fee for property in Bharathi Avenue 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value would be Rs 50,00,000. The stamp duty at 7% would amount to Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000. Together, the total cost for these fees would be Rs 4,50,000. It is important to note that the stamp 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 information.

Which Sub Registrar Office covers Bharathi Avenue 1st Street?

The Sub Registrar Office that covers Bharathi Avenue 1st Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Kottur. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used by the registration authorities to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, it is essential to be aware of the guideline value as it ensures compliance with legal requirements. Buyers should ensure that the sale price is not below the guideline value to avoid any legal issues during registration.

Frequently asked questions

What is the current guideline value of Bharathi Avenue 1st Street?

The current guideline value of Bharathi Avenue 1st Street is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 3,000 per sq.ft in 2007, increasing to Rs 4,500 in 2012, then decreasing to Rs 3,015 in 2017, and rising to Rs 4,500 in 2023 before reaching the current value of Rs 5,000 in 2024.

What is the land classification for Bharathi Avenue 1st Street?

The land classification for Bharathi Avenue 1st Street is Residential Class IV Type - II.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Bharathi Avenue 1st Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties in Kottur?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property valued at Rs 50,00,000 would incur a stamp duty of Rs 3,50,000 at a rate of 7%.