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Guideline Value

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Guideline Value for M.K.BHARATHIYAR NAGAR 3RD STREET

₹988/sq.ft.

The guideline value for M.k.bharathiyar Nagar 3rd 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 3rd Street

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M.K.Bharathiyar Nagar 3rd Street guideline value

The current guideline value of M.K.Bharathiyar Nagar 3rd 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 3rd Street has changed

In the 2012 revision, the guideline value was set at Rs 900 per sq.ft. This figure remained the same until the 2017 revision, where it dropped to Rs 603 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 900 per sq.ft in 2023, followed by a further increase to Rs 988 per sq.ft in the 2024 revision, which is a rise of 10% from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, comparing the 2012 figure to the current 2024 value, there has been a total increase of 10%. The jump from Rs 603 per sq.ft in 2017 to Rs 900 per sq.ft in 2023 represents a substantial increase of 49%.

Guideline values in Thandurai

Thandurai village has a total of 331 streets under the Avadi SRO, with 2024 guideline values ranging from Rs 800 to Rs 2,640 per sq.ft. The median guideline value in this area is Rs 988 per sq.ft, which is the same as the guideline value for M.K.Bharathiyar Nagar 3rd Street.

Stamp duty and registration fee for property in M.K.Bharathiyar Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value would be Rs 9,88,000. The stamp duty at 7% would amount to Rs 69,160, and the registration fee at 2% would be Rs 19,760, bringing the total fees to Rs 88,920. Please note that the 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 information.

Which Sub Registrar Office covers M.K.Bharathiyar Nagar 3rd Street?

The M.K.Bharathiyar Nagar 3rd Street falls under 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 details.

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

The guideline value is a crucial factor when buying or selling property in Thandurai. It determines the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a property is sold, the buyer must pay stamp duty and registration fees calculated on the guideline value or the sale price, whichever is higher. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of M.K.Bharathiyar Nagar 3rd Street?

The current guideline value of M.K.Bharathiyar Nagar 3rd 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 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 3rd Street?

M.K.Bharathiyar Nagar 3rd Street is classified as Residential Class II Type - I.

What are the registration fees for property transactions in Thandurai?

The registration fees include a stamp duty of 7% on the guideline value and a registration fee of 2%. These fees are calculated based on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers Thandurai village?

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