Guideline Value for BAKTHAVACHALAM STREET

Bakthavachalam Street guideline value

The current guideline value of Bakthavachalam Street in Thandurai village, under the Avadi SRO, is Rs 988 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Bakthavachalam Street has changed

The guideline value for Bakthavachalam Street has undergone several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which was a decrease of 33% from the Rs 603 per sq.ft recorded in the 2017 revision. Following this, the value increased significantly to Rs 900 per sq.ft in 2023, reflecting a rise of 49% from the 2017 figure. The most recent revision in 2024 has further increased the value to Rs 988 per sq.ft, marking a 10% rise from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

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, which is equal to the 2024 guideline value for Bakthavachalam Street.

• Bakthavachala Nagar: 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 Bakthavachalam Street

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, totaling Rs 88,920. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bakthavachalam Street?

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

To find your SRO, you can visit find your SRO.

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

The guideline value is an essential 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 at the time of property registration.

When a property is sold, the guideline value is considered to ensure that the appropriate taxes are levied based on the established rates. This helps maintain transparency and uniformity in property transactions within the region.

Frequently asked questions

What is the current guideline value of Bakthavachalam Street?

The current guideline value of Bakthavachalam 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 Bakthavachalam Street?

Bakthavachalam Street falls under the Residential Class II Type - I land classification.

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 Bakthavachalam Street 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.