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Guideline Value

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Guideline Value for M.K.BHARATHIYAR NAGAR 1ST STREET

₹988/sq.ft.

The guideline value for M.k.bharathiyar Nagar 1st Street 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 M.k.bharathiyar Nagar 1st Street

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M.K.Bharathiyar Nagar 1st Street guideline value

The current guideline value for M.K.Bharathiyar Nagar 1st Street is Rs 988 per sq.ft, effective from the 2024 revision. This street is located in Thandurai village and falls under the Avadi SRO, classified as Residential Class II Type - I.

How the guideline value of M.K.Bharathiyar Nagar 1st Street has changed

Looking at the historical revisions, the guideline value for M.K.Bharathiyar Nagar 1st Street has seen several changes. In 2012, the value was Rs 900 per sq.ft, which decreased to Rs 603 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 900 per sq.ft. The latest revision in 2024 set the guideline value at Rs 988 per sq.ft, marking a 10% increase from the previous year, 2023.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street in the register. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 among these streets is Rs 988 per sq.ft, which is the same as the guideline value for M.K.Bharathiyar Nagar 1st Street.

Stamp duty and registration fee for property in M.K.Bharathiyar Nagar 1st Street

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, calculated at 7%, would be Rs 69,160, and the registration fee at 2% would be Rs 19,760. Together, these fees amount to Rs 88,920. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers M.K.Bharathiyar Nagar 1st Street?

The Sub Registrar Office that covers M.K.Bharathiyar Nagar 1st Street is 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 information.

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

The guideline value is a critical component in the property registration process in Thandurai. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

During the registration process, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the state government receives the appropriate revenue from property transactions, reflecting the value of the property being transferred.

Frequently asked questions

What is the current guideline value for M.K.Bharathiyar Nagar 1st Street?

The current guideline value for M.K.Bharathiyar Nagar 1st Street is Rs 988 per sq.ft, effective from July 1, 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 back to Rs 900 per sq.ft in 2023, and finally to Rs 988 per sq.ft in 2024.

What is the land classification for M.K.Bharathiyar Nagar 1st Street?

M.K.Bharathiyar Nagar 1st Street is classified as Residential Class II Type - I.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office 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 is calculated at 7% of the guideline value, while the registration fee is 2%. The total fees are based on the higher of the guideline value or the sale price.