Guideline Value for BAKKIYAMMAL STREET ( NEAR RAILWAY STATION)

Bakkiyammal Street ( Near Railway Station) guideline value

The current guideline value of Bakkiyammal 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. The land classification for this area is Residential Special Type - III.

How the guideline value of Bakkiyammal Street ( Near Railway Station) has changed

The guideline value for Bakkiyammal Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 804 per sq.ft. However, in the subsequent 2023 revision, the value increased to Rs 1,200 per sq.ft, and the latest 2024 revision has raised it further to Rs 1,300 per sq.ft, marking an 8% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. The overall change from the 2012 revision to the 2024 revision shows an 8% increase, reflecting the fluctuations in the guideline value over the years. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Thandurai

In Thandurai village, 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 guideline value in this area is Rs 988 per sq.ft, positioning Bakkiyammal Street ( Near Railway Station) above this median at Rs 1,300 per sq.ft.

• Bakkiyambal Street Near Railway Station: Rs 1,300 per sq.ft (2024)
• Bakkiyambal St Railway Line (East): 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 Bakkiyammal 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, leading to a total of 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bakkiyammal Street ( Near Railway Station)?

The Sub Registrar Office that covers Bakkiyammal Street ( Near Railway Station) is the Avadi Sub Registrar Office. The address is 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 plays a crucial role during the registration process of property transactions in Thandurai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately. Buyers and sellers should be aware that the stamp duty is calculated based on the higher of the guideline value or the actual sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bakkiyammal Street ( Near Railway Station)?

The current guideline value of Bakkiyammal 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 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024.

What is the land classification for Bakkiyammal Street?

The land classification for Bakkiyammal Street ( Near Railway Station) is Residential Special Type - III.

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

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which office handles the registration for Bakkiyammal Street?

The Avadi Sub Registrar Office handles the registration for Bakkiyammal Street ( Near Railway Station), located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.