Guideline Value

Corporate

Guideline Value for BAKTHAVACHALAPURAM 2ND STREET

₹1625/sq.ft.

The guideline value for Bakthavachalapuram 2nd Street in Paruthipattu village (Avadi SRO, Chennai zone) is Rs 1625 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paruthipattu

Village

Avadi

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1625 /sq.ft.
From 1-4-2023 ₹1500 /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 N/A
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 Bakthavachalapuram 2nd Street

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Bakthavachalapuram 2nd Street guideline value

The current guideline value of Bakthavachalapuram 2nd Street is Rs 1,625 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village and falls under the Avadi SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Bakthavachalapuram 2nd Street has changed

The guideline value for Bakthavachalapuram 2nd Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then decreased to Rs 804 per sq.ft in the 2017 revision. Following this, the value significantly increased to Rs 1,500 per sq.ft in the 2023 revision, marking an 87% rise from the 2017 figure. The most recent revision in 2024 has further increased the guideline value to Rs 1,625 per sq.ft, reflecting an 8% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 35%.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO, with guideline values ranging from Rs 801 to Rs 4,730 per sq.ft. The median guideline value is Rs 1,625 per sq.ft, which is equal to the current value of Bakthavachalapuram 2nd Street.

Stamp duty and registration fee for property in Bakthavachalapuram 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value amounts to Rs 16,25,000. The stamp duty at 7% would be Rs 1,13,750, and the registration fee at 2% would be Rs 32,500, bringing the total cost for these fees to Rs 1,46,250. 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 Bakthavachalapuram 2nd Street?

The Bakthavachalapuram 2nd Street is covered by 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 details.

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

The guideline value plays a crucial role when buying or selling property in Paruthipattu. It serves as a reference point for determining the stamp duty and registration fees payable during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

At the time of registration, the guideline value is used to calculate the applicable fees, which can significantly impact the overall cost of the property transaction. It is essential for both parties to understand how this value affects their financial obligations during the sale process.

Frequently asked questions

What is the current guideline value of Bakthavachalapuram 2nd Street?

The current guideline value of Bakthavachalapuram 2nd Street is Rs 1,625 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent increase being from Rs 1,500 per sq.ft in 2023 to Rs 1,625 per sq.ft in 2024. Overall, from 2012 to 2024, the guideline value has increased by 35%.

What is the land classification for Bakthavachalapuram 2nd Street?

The land classification for Bakthavachalapuram 2nd Street is Residential Special Type - I.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 16,25,000, the stamp duty is Rs 1,13,750 at 7%, and the registration fee is Rs 32,500 at 2%, totaling Rs 1,46,250 for these fees.

Which office handles registrations for Bakthavachalapuram 2nd Street?

The Avadi Sub Registrar Office handles registrations for Bakthavachalapuram 2nd Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.