Guideline Value for BAKTHAVACHALA NAGAR

Bakthavachala Nagar guideline value

The current guideline value of Bakthavachala Nagar is Rs 988 per sq.ft, effective from 1 July 2024. This area is located in Thandurai village under the Avadi SRO and is classified as Residential Class II Type - I.

How the guideline value of Bakthavachala Nagar has changed

Over the years, the guideline value of Bakthavachala Nagar has seen several revisions. The earliest recorded figure in 2002 was Rs 108 per sq.ft. This value increased to Rs 124 per sq.ft in 2003, marking a 15% rise. In 2007, the guideline value jumped significantly to Rs 386 per sq.ft, reflecting a 211% increase. The value then rose to Rs 900 per sq.ft in 2012, which was a 133% increase from the previous figure. However, it decreased to Rs 603 per sq.ft in 2017, a decline of 33%. The value increased again to Rs 900 per sq.ft in 2023, and finally, it reached Rs 988 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 815%. It is important to note that there are no figures available for the years between these revisions 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 for these streets is Rs 988 per sq.ft, which is the same as the current figure for Bakthavachala Nagar.

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

Stamp duty and registration fee for property in Bakthavachala Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value would be Rs 9,88,000. The stamp duty at 7% would amount to Rs 69,160, and the registration fee at 2% would be Rs 19,760, bringing the total fees together to Rs 88,920. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bakthavachala Nagar?

The Bakthavachala Nagar area falls under 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 plays a crucial role during the registration of property transactions in Thandurai. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to consult the guideline value to understand the financial implications involved. This ensures that all legal requirements are met and that the correct fees are paid during the registration process.

Frequently asked questions

What is the current guideline value of Bakthavachala Nagar?

The current guideline value of Bakthavachala Nagar is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 108 per sq.ft in 2002 to Rs 988 per sq.ft in 2024, reflecting an overall increase of 815% over this period.

What is the land classification for Bakthavachala Nagar?

Bakthavachala Nagar is classified as Residential Class II Type - I.

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

For a property valued at Rs 9,88,000, the stamp duty would be Rs 69,160 and the registration fee would be Rs 19,760, totaling Rs 88,920.

Where is the Sub Registrar Office for Bakthavachala Nagar located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.