Guideline Value for NORTH BAJAR

North Bajar guideline value

The current guideline value of North Bajar in Thandurai village under the Avadi SRO is Rs 1,950 per sq.ft, effective from 1 July 2024. This area is classified as Commercial Class I Type - III.

How the guideline value of North Bajar has changed

Over the years, the guideline value of North Bajar has seen several revisions. The 2012 revision set the value at Rs 1,800 per sq.ft, which then decreased to Rs 1,206 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,800 per sq.ft in 2023, and further rose to Rs 1,950 per sq.ft in the 2024 revision. The register has no figure for this street for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows an increase of 8% in the guideline value.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO carrying a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft, with a median value of Rs 988 per sq.ft. The guideline value of North Bajar is above this median.

• N.M.Road: Rs 2,640 per sq.ft (2024)
• Om Ganapathy Nagar: Rs 801 per sq.ft (2024)
• Om Saravana Nagar: Rs 988 per sq.ft (2024)
• Om Sri Mahalakshmi Nagar: Rs 989 per sq.ft (2024)
• Ortiyal Road: Rs 1,980 per sq.ft (2024)
• New Avadi Road: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in North Bajar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,950 per sq.ft, the total guideline value would be Rs 19,50,000. The stamp duty at 7% would amount to Rs 1,36,500, and the registration fee at 2% would be Rs 39,000, making the total Rs 1,75,500. 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 details.

Which Sub Registrar Office covers North Bajar?

The North Bajar area is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property transactions in Thandurai, as it determines the minimum value at which a property can be registered. When buying or selling a property, the registration fees and stamp duty are calculated based on this guideline value.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. This value is regularly updated, and staying informed can help in making better decisions during property dealings.

Frequently asked questions

What is the current guideline value of North Bajar?

The current guideline value of North Bajar is Rs 1,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,950 per sq.ft in 2024.

What is the land classification for North Bajar?

North Bajar is classified as Commercial Class I Type - III under the land classification system.

Where can I find the Sub Registrar Office for North Bajar?

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

How is stamp duty calculated for properties in North Bajar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 19,50,000, the stamp duty would be Rs 1,36,500.