Guideline Value for BAKTHAVACHALA STREET

Bakthavachala Street guideline value

The current guideline value of Bakthavachala Street in Thandurai village is Rs 988 per sq.ft, effective from 1 July 2024. This street falls under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Bakthavachala Street has changed

Over the years, the guideline value for Bakthavachala Street has seen several revisions. The 2012 revision set the value at Rs 900 per sq.ft, which was then decreased to Rs 603 per sq.ft in the 2017 revision. Following this, the value increased to Rs 900 per sq.ft in the 2023 revision, and finally, it rose to Rs 988 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased significantly by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thandurai

In Thandurai village, there are 331 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft. The median guideline value is Rs 988 per sq.ft, which places Bakthavachala Street's 2024 figure at this median value.

• Bakthavachala Nagar Main Road: Rs 988 per sq.ft (2024)
• Bakthavachala Nagar: Rs 988 per sq.ft (2024)
• Bakthavachalam 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value amounts to Rs 9,88,000. The stamp duty at 7% would be Rs 69,160, and the registration fee at 2% would be Rs 19,760, bringing the total charges to Rs 88,920. 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 Bakthavachala Street?

The Bakthavachala Street 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 further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thandurai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid to the government.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the transaction is recorded accurately in the official register. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bakthavachala Street?

The current guideline value of Bakthavachala Street 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 from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then to Rs 900 per sq.ft in 2023, and finally to Rs 988 per sq.ft in 2024.

What is the land classification for Bakthavachala Street?

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

Where can I find the Avadi Sub Registrar Office?

The Avadi Sub Registrar Office is 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 with a guideline value of Rs 9,88,000, the stamp duty at 7% would be Rs 69,160.