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Guideline Value

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Guideline Value for M.K.BHARATHIYAR NAGAR 2ND STREET

₹988/sq.ft.

The guideline value for M.k.bharathiyar Nagar 2nd 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 2nd Street

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M.K.Bharathiyar Nagar 2nd Street guideline value

The current guideline value of M.K.Bharathiyar Nagar 2nd Street is Rs 988 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village, under the Avadi SRO, and is classified as Residential Class II Type - I.

How the guideline value of M.K.Bharathiyar Nagar 2nd Street has changed

The guideline value for M.K.Bharathiyar Nagar 2nd Street has seen several revisions over the years. The earliest recorded revision is from 2012, which set the value at Rs 900 per sq.ft. This was followed by a decrease to Rs 603 per sq.ft in 2017, marking a decline of 33%. In 2023, the value increased to Rs 900 per sq.ft, and the most recent revision in 2024 set it at Rs 988 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value rose significantly by 49%. Overall, from 2012 to 2024, there has been a total increase of 10% in the guideline value. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Thandurai

In Thandurai village, there are 331 streets under the Avadi SRO, with guideline values ranging from Rs 800 to Rs 2,640 per sq.ft. The median guideline value for these streets is Rs 988 per sq.ft, which is equal to the current guideline value of M.K.Bharathiyar Nagar 2nd Street.

Stamp duty and registration fee for property in M.K.Bharathiyar Nagar 2nd 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 at 7% is Rs 69,160, and the registration fee at 2% is Rs 19,760, bringing the total to Rs 88,920. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers M.K.Bharathiyar Nagar 2nd Street?

The Sub Registrar Office that covers M.K.Bharathiyar Nagar 2nd 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 factor in property transactions in Thandurai. It is used to determine the amount of stamp duty and registration fees payable when a property is bought or sold. The guideline value serves as a benchmark for assessing property transactions, ensuring that the fees are calculated fairly based on the established rates.

When you register a property, the guideline value or the sale price, whichever is higher, is considered for calculating the applicable duties and 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 M.K.Bharathiyar Nagar 2nd Street?

The current guideline value of M.K.Bharathiyar Nagar 2nd Street is Rs 988 per sq.ft, effective from 1 July 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 2nd Street?

M.K.Bharathiyar Nagar 2nd Street is classified as Residential Class II Type - I.

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

The Sub Registrar Office for M.K.Bharathiyar Nagar 2nd 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.

How is the stamp duty calculated for properties in Thandurai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 9,88,000, the stamp duty would be Rs 69,160 at 7%.