Guideline Value for BAKKIYAMBAL STREET NEAR RAILWAY STATION

Bakkiyambal Street Near Railway Station guideline value

The current guideline value of Bakkiyambal Street Near Railway Station is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village and falls under the Avadi SRO, classified as Residential Special Type - III.

How the guideline value of Bakkiyambal Street Near Railway Station has changed

The guideline value for Bakkiyambal Street Near Railway Station has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,300 per sq.ft, an increase from Rs 1,200 per sq.ft in 2023, marking an 8% rise. Prior to that, in 2017, the value was Rs 804 per sq.ft, which means there was a significant increase of 49% from 2017 to 2023. The 2012 revision also recorded a value of Rs 1,200 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 Bakkiyambal Street for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 8%, reflecting the current rate of Rs 1,300 per sq.ft.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft. The median value for these streets is Rs 988 per sq.ft, placing Bakkiyambal Street Near Railway Station above this median with its current rate of Rs 1,300 per sq.ft.

• Bakkiyambal St Railway Line (East): Rs 1,300 per sq.ft (2024)
• Bakkiyammal Street ( Near Railway Station): Rs 1,300 per sq.ft (2024)
• Bajanai Koil Street (South): Rs 988 per sq.ft (2024)
• Bakthavachalam Street: Rs 988 per sq.ft (2024)
• Bakthavachala Nagar: Rs 988 per sq.ft (2024)
• Bakthavachala Nagar Main Road: Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Bakkiyambal Street Near Railway Station

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total cost for these fees to Rs 1,17,000. 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 more detailed calculations.

Which Sub Registrar Office covers Bakkiyambal Street Near Railway Station?

The Bakkiyambal Street Near Railway Station 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 information.

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

The guideline value is a crucial factor in property transactions in Thandurai, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

During the registration process, the buyer and seller must consider the guideline value to ensure compliance with local regulations. This value serves as a benchmark for property transactions, helping to maintain transparency and consistency in the real estate market.

Frequently asked questions

What is the current guideline value of Bakkiyambal Street Near Railway Station?

The current guideline value of Bakkiyambal Street Near Railway Station is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024, an increase of 8%. From 2017 to 2023, it rose by 49% from Rs 804 per sq.ft.

What is the land classification for Bakkiyambal Street Near Railway Station?

Bakkiyambal Street Near Railway Station is classified as Residential Special Type - III.

Where can I find the Sub Registrar Office for Bakkiyambal Street?

The Avadi Sub Registrar Office covers Bakkiyambal Street Near Railway Station, 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 Thandurai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,00,000, the stamp duty at 7% would be Rs 91,000.