Guideline Value for SOUTH BAJAR

South Bajar guideline value

The current guideline value for South Bajar, located 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 has changed

The guideline value for South Bajar has seen several revisions over the years. In 2012, the value was Rs 1,800 per sq.ft, which decreased to Rs 1,206 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,800 per sq.ft in 2023, and then further to Rs 1,950 per sq.ft in 2024. Notably, the register has no figure for this street in 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, there was a remarkable increase of 49% from 2017 to 2023. 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 that carry a guideline value for 2024, ranging from Rs 800 to Rs 2,640 per sq.ft. The median value for these streets is Rs 988 per sq.ft, making South Bajar's current guideline value above that median.

• South Bajar Back Side: 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

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 be Rs 1,36,500, and the registration fee at 2% would be Rs 39,000, bringing the total cost to 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 also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers South Bajar?

The Sub Registrar Office that covers South Bajar is 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 this link.

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

The guideline value is a crucial factor during the registration of property transactions in Thandurai. It determines the amount of stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the current guideline value as it directly impacts the overall cost of the transaction. Ensuring that the property is registered at the correct guideline value helps in maintaining transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value for South Bajar?

The current guideline value for South 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 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 South Bajar?

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

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

The Sub Registrar Office for South Bajar is 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 property in South Bajar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,950 per sq.ft, the stamp duty would be Rs 1,36,500.