Guideline Value

Corporate

Guideline Value for BAKTHAVACHALAM ST

₹1310/sq.ft.

The guideline value for Bakthavachalam St in Vilingiyambakkam village (Avadi SRO, Chennai zone) is Rs 1310 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilingiyambakkam

Village

Avadi

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1310 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Bakthavachalam St

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Bakthavachalam St guideline value

The current guideline value of Bakthavachalam St is Rs 1,310 per sq.ft, effective from 1 July 2024. This street is located in Vilingiyambakkam village, under the Avadi SRO, and is classified as Residential Class III Type - I.

How the guideline value of Bakthavachalam St has changed

The guideline value for Bakthavachalam St has undergone several revisions over the years. In 2007, the value was set at Rs 250 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012. However, it then decreased to Rs 804 per sq.ft in 2017. The 2023 revision marked a rise to Rs 1,200 per sq.ft, and the latest 2024 revision has seen it increase further to Rs 1,310 per sq.ft. The register has no figure for this street for the years 2002 and 2003.

In terms of percentage changes, from 2007 to 2012, there was a remarkable increase of 380%. However, from 2012 to 2017, the value decreased by 33%. Following that, from 2017 to 2023, it rose by 49%. The most recent change from 2023 to 2024 is an increase of 9%. Overall, from 2007 to 2024, the guideline value has increased by 424%.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft, with a median value of Rs 935 per sq.ft. Bakthavachalam St's 2024 figure of Rs 1,310 per sq.ft is above this median.

Stamp duty and registration fee for property in Bakthavachalam St

For a 1,000 sq.ft plot at the current rate of Rs 1,310 per sq.ft, the guideline value amounts to Rs 13,10,000. The stamp duty at 7% would be Rs 91,700, and the registration fee at 2% would be Rs 26,200, totaling Rs 1,17,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bakthavachalam St?

The Sub Registrar Office that covers Bakthavachalam St is 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 Vilingiyambakkam

The guideline value is a crucial factor in property transactions in Vilingiyambakkam, as it determines the minimum value at which properties can be registered. Buyers and sellers must be aware of this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees, which are essential costs for completing the transaction. It is advisable for both buyers and sellers to familiarize themselves with the current guideline values to avoid any surprises during registration.

Frequently asked questions

What is the current guideline value of Bakthavachalam St?

The current guideline value of Bakthavachalam St is Rs 1,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 1,310 per sq.ft in 2024, reflecting an overall increase of 424% over the years.

What is the land classification for Bakthavachalam St?

Bakthavachalam St is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Bakthavachalam St?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 13,10,000 would incur a stamp duty of Rs 91,700 and a registration fee of Rs 26,200.