Guideline Value for BAKTHAVALSALAM NAGAR

Bakthavalsalam Nagar guideline value

The current guideline value of Bakthavalsalam Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is located in Cantonment Pallavaram village, under the Pallavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Bakthavalsalam Nagar has changed

The guideline value for Bakthavalsalam Nagar has seen several revisions over the years. The 2012 revision recorded a value of Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,500 per sq.ft, and the most recent 2024 revision has set it at Rs 2,700 per sq.ft. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 49% from 2017 to 2023. The 2023 to 2024 change reflects an increase of 8%. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Cantonment Pallavaram

In Cantonment Pallavaram, there are 81 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 11,000 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, which matches the current guideline value of Bakthavalsalam Nagar.

• Bajanai Koil Street: Rs 3,850 per sq.ft (2024)
• Balakrishnan Street: Rs 2,700 per sq.ft (2024)
• Bazaar Road, Police Station Road, Indra Gandhi Road: Rs 4,400 per sq.ft (2024)
• Asen Basha Street: Rs 3,300 per sq.ft (2024)
• Bharath Nagar(Semman Nagar): Rs 2,200 per sq.ft (2024)
• Bharathy Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Bakthavalsalam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bakthavalsalam Nagar?

The Sub Registrar Office that covers Bakthavalsalam Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Cantonment Pallavaram. It is the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When a property is registered, the guideline value is considered to determine the applicable fees. Buyers and sellers must be aware of this value, as it directly impacts the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Bakthavalsalam Nagar?

The current guideline value of Bakthavalsalam Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the land classification of Bakthavalsalam Nagar?

Bakthavalsalam Nagar is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Bakthavalsalam Nagar?

The Sub Registrar Office for Bakthavalsalam Nagar is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for properties in Bakthavalsalam Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 27,00,000 would incur a stamp duty of Rs 1,89,000 at 7%.