Guideline Value for BAKTHAVACHALAPURAM

Bakthavachalapuram guideline value

The current guideline value of Bakthavachalapuram is Rs 1,600 per sq.ft, effective from 1 July 2024. This area is located in Villivakkam village, under the Villivakkam SRO, and is classified as Residential Class V Type - III.

How the guideline value of Bakthavachalapuram has changed

The guideline value for Bakthavachalapuram has seen several revisions over the years. In 2002, the value was Rs 472 per sq.ft, which increased to Rs 540 per sq.ft in 2003, marking a change of +14%. The value then rose significantly to Rs 950 per sq.ft in 2007, representing a +76% increase. By 2012, the value reached Rs 1,500 per sq.ft, which was a +58% change from the previous revision. However, between 2012 and 2017, the value decreased to Rs 1,005 per sq.ft, reflecting a -33% change. The value then increased to Rs 1,500 per sq.ft in 2023, with a +49% change, and finally, it rose to Rs 1,600 per sq.ft in 2024, marking a +7% change.

Overall, from 2002 to 2024, the guideline value has increased by +239%. There are no figures available for the years that do not have a registered value for this street.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, placing Bakthavachalapuram's 2024 figure below that median.

• Baliamman Koil Bus Stop Street: Rs 1,600 per sq.ft (2024)
• Baliamman Koil Street: Rs 1,600 per sq.ft (2024)
• ASIAN GARDEN (Opp to Kumaraswamy Nagar): Rs 8,200 per sq.ft (2024)
• Arkey Flats: Rs 8,200 per sq.ft (2024)
• Bharathi Kudiyiruppu: Rs 13,200 per sq.ft (2024)
• BHARATHI NAGAR 1st STREET (SLUM BOARD): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Bakthavachalapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bakthavachalapuram?

The Sub Registrar Office that covers Bakthavachalapuram is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

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

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process is aligned with the officially recognized value of the property.

Frequently asked questions

What is the current guideline value of Bakthavachalapuram?

The current guideline value of Bakthavachalapuram is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, increasing from Rs 472 per sq.ft in 2002 to Rs 1,600 per sq.ft in 2024, which is an overall increase of +239%.

What are the other streets in Villivakkam with similar guideline values?

Other streets in Villivakkam include Baliamman Koil Bus Stop Street and Baliamman Koil Street, both at Rs 1,600 per sq.ft in 2024.

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

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000, and the registration fee would be Rs 32,000, totaling Rs 1,44,000.

Where is the Sub Registrar Office for Bakthavachalapuram located?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.