Guideline Value for BAKKIAM AMMAL GARDEN

Bakkiam Ammal Garden guideline value

The current guideline value of Bakkiam Ammal Garden is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Uthandi village, under the Neelankarai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Bakkiam Ammal Garden has changed

The guideline value for Bakkiam Ammal Garden has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft. In 2017, it decreased to Rs 670 per sq.ft, followed by an increase to Rs 1,000 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the value to Rs 1,100 per sq.ft.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The latest change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO that carry a guideline value for 2024, ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, placing Bakkiam Ammal Garden's 2024 figure below that median.

• Bajanai Koil West Street: Rs 1,700 per sq.ft (2024)
• Bajanai Koil East Street: Rs 1,700 per sq.ft (2024)
• Balaji (Group) Garden: Rs 1,100 per sq.ft (2024)
• Balaram Garden: Rs 1,100 per sq.ft (2024)
• Arumugam/Neelabmbal Garden: Rs 1,100 per sq.ft (2024)
• Beach Road: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Bakkiam Ammal Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bakkiam Ammal Garden?

The Bakkiam Ammal Garden is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Uthandi. It serves as a benchmark for determining the minimum value at which the property must be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transfer of property ownership. This ensures that all transactions are recorded accurately and transparently in the official records.

Frequently asked questions

What is the current guideline value of Bakkiam Ammal Garden?

The current guideline value of Bakkiam Ammal Garden is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes: it was Rs 1,000 per sq.ft in 2012, decreased to Rs 670 per sq.ft in 2017, increased to Rs 1,000 per sq.ft in 2023, and is now Rs 1,100 per sq.ft in 2024.

What is the median guideline value in Uthandi?

The median guideline value for streets in Uthandi is Rs 1,700 per sq.ft, which is higher than the current value of Bakkiam Ammal Garden.

What are the stamp duty rates applicable in Bakkiam Ammal Garden?

The stamp duty rate is 7% of the guideline value, and the registration fee is 2%, which are applicable when registering property in Bakkiam Ammal Garden.

Where can I find the Sub Registrar Office for Bakkiam Ammal Garden?

The Sub Registrar Office covering Bakkiam Ammal Garden is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.