Guideline Value for SOUTH BAJAR BACK SIDE

South Bajar Back Side guideline value

The current guideline value of South Bajar Back Side 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 South Bajar Back Side has changed

The guideline value for South Bajar Back Side has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,950 per sq.ft, an increase from Rs 1,800 per sq.ft in 2023, marking an 8% rise. Prior to that, in 2017, the value was Rs 1,206 per sq.ft, reflecting a significant increase of 49% to the 2023 figure. The 2012 revision had the guideline value at Rs 1,800 per sq.ft, which was a decrease of 33% from the 2017 figure.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Thandurai

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

• South Bajar: Rs 1,950 per sq.ft (2024)
• S.M.R.St, Gandhi Nagar: Rs 1,300 per sq.ft (2024)
• Sr.C.D.Quarters: Rs 800 per sq.ft (2024)
• Sr.C.D.Quarters 1st St: Rs 800 per sq.ft (2024)
• Sr.C.D.Quarters 2nd St: Rs 800 per sq.ft (2024)
• Sr.C.V.Raman St, Kakkanji Nagar: Rs 801 per sq.ft (2024)

Stamp duty and registration fee for property in South Bajar Back Side

For a 1,000 sq.ft plot at the current guideline value of Rs 1,950 per sq.ft, the total guideline value amounts to Rs 19,50,000. The stamp duty at 7% would be Rs 1,36,500, and the registration fee at 2% would be Rs 39,000, resulting in a total of Rs 1,75,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers South Bajar Back Side?

The South Bajar Back Side 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. 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 in the registration process when buying or selling property in Thandurai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to ensure that the transaction is recorded at a fair value, preventing undervaluation of properties. This helps maintain transparency and accountability in real estate transactions within the region.

Frequently asked questions

What is the current guideline value of South Bajar Back Side?

The current guideline value of South Bajar Back Side 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 2023 to Rs 1,950 per sq.ft in 2024. It was Rs 1,206 per sq.ft in 2017 and Rs 1,800 per sq.ft in 2012.

What is the land classification of South Bajar Back Side?

South Bajar Back Side is classified as Commercial Class I Type - III.

What are the stamp duty and registration fees for buying property here?

For a property valued at Rs 19,50,000, the stamp duty would be Rs 1,36,500 and the registration fee would be Rs 39,000, totaling Rs 1,75,500.

Where can I find the Sub Registrar Office for South Bajar Back Side?

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