Guideline Value

Corporate

Guideline Value for MURTHI NAGR, BHARATHI ST

₹1625/sq.ft.

The guideline value for Murthi Nagr, Bharathi St in Paruthipattu village (Avadi SRO, Chennai zone) is Rs 1625 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paruthipattu

Village

Avadi

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1625 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /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 Murthi Nagr, Bharathi St

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Murthi Nagr, Bharathi St guideline value

The current guideline value for Murthi Nagr, Bharathi St is Rs 1,625 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village under the Avadi Sub Registrar Office (SRO) and is classified as Residential Special Type - I.

How the guideline value of Murthi Nagr, Bharathi St has changed

Over the years, the guideline value for Murthi Nagr, Bharathi St has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which rose to Rs 804 per sq.ft in 2017. Following that, the value increased significantly to Rs 1,500 per sq.ft in 2023. The latest revision in 2024 has further increased it to Rs 1,625 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it surged by 87%. The overall change from 2012 to 2024 shows an increase of 35% in the guideline value.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft. The median value is Rs 1,625 per sq.ft, which aligns with the guideline value of Murthi Nagr, Bharathi St.

Stamp duty and registration fee for property in Murthi Nagr, Bharathi St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value amounts to Rs 16,25,000. The stamp duty at 7% would be Rs 1,13,750, while the registration fee at 2% would be Rs 32,500, bringing the total fees to Rs 1,46,250. 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 detailed calculations.

Which Sub Registrar Office covers Murthi Nagr, Bharathi St?

The Sub Registrar Office that covers Murthi Nagr, Bharathi St 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 Paruthipattu

The guideline value serves as a benchmark for property registration in Paruthipattu. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the official valuation of the property.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with local regulations during the property transaction process. This value helps in maintaining transparency and accountability in real estate dealings.

Frequently asked questions

What is the current guideline value of Murthi Nagr, Bharathi St?

The current guideline value of Murthi Nagr, Bharathi St is Rs 1,625 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 1,625 per sq.ft in 2024, showing an overall increase of 35%.

What is the land classification for Murthi Nagr, Bharathi St?

Murthi Nagr, Bharathi St is classified as Residential Special Type - I under the Avadi SRO.

What are the stamp duty and registration fees for a property in Murthi Nagr, Bharathi St?

The stamp duty is 7% and the registration fee is 2% of the guideline value, which for a 1,000 sq.ft plot is Rs 1,46,250 in total.

Where is the Sub Registrar Office for Murthi Nagr, Bharathi St 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.