Guideline Value for B.D.O.APS BAKTHAVACHALAM SALAI

B.D.O.Aps Bakthavachalam Salai guideline value

The current guideline value for B.D.O.Aps Bakthavachalam Salai is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Minjur village under the Ponneri SRO and falls under the Residential Class II Type - I land classification.

How the guideline value of B.D.O.Aps Bakthavachalam Salai has changed

The guideline value for B.D.O.Aps Bakthavachalam Salai has undergone several revisions over the years. The oldest recorded revision is from 2017, where the value was Rs 335 per sq.ft. This figure increased significantly to Rs 500 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Minjur

In Minjur, there are 179 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,320 per sq.ft. The median guideline value for these streets is Rs 550 per sq.ft, which is equal to the 2024 figure for B.D.O.Aps Bakthavachalam Salai.

• Bazzar Salai (T.H. Road): Rs 1,320 per sq.ft (2024)
• Best & Crompton Nagar: Rs 550 per sq.ft (2024)
• Bharathi Nagar: Rs 440 per sq.ft (2024)
• Bhavani Eswari Nagar: Rs 550 per sq.ft (2024)
• Balaji Nagar: Rs 550 per sq.ft (2024)
• Bakthavatchalam Salai: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in B.D.O.Aps Bakthavachalam Salai

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers B.D.O.Aps Bakthavachalam Salai?

The B.D.O.Aps Bakthavachalam Salai is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Minjur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. Buyers and sellers should be aware of these values to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value for B.D.O.Aps Bakthavachalam Salai?

The current guideline value for B.D.O.Aps Bakthavachalam Salai is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 335 per sq.ft in 2017 to Rs 550 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the other streets in Minjur with their guideline values?

Other streets in Minjur include Bazzar Salai (T.H. Road) at Rs 1,320 per sq.ft, Best & Crompton Nagar at Rs 550 per sq.ft, and Bharathi Nagar at Rs 440 per sq.ft, among others.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500.

Which office handles the registration for B.D.O.Aps Bakthavachalam Salai?

The Ponneri Sub Registrar Office handles the registration for B.D.O.Aps Bakthavachalam Salai, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.