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Guideline Value

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Guideline Value for Bakiyalakshmi Nagar 3rd Cross Street

₹1700/sq.ft.

The guideline value for Bakiyalakshmi Nagar 3rd Cross Street in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1600 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 ₹1600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1072 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1600 /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)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Bakiyalakshmi Nagar 3rd Cross Street

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Bakiyalakshmi Nagar 3rd Cross Street guideline value

The current guideline value of Bakiyalakshmi Nagar 3rd Cross Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village under the Selaiyur SRO, classified as Residential Class I Type - II.

How the guideline value of Bakiyalakshmi Nagar 3rd Cross Street has changed

The guideline value for Bakiyalakshmi Nagar 3rd Cross Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,600 per sq.ft. This was followed by a decrease to Rs 1,072 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 1,600 per sq.ft, and the most recent revision in 2024 set it at Rs 1,700 per sq.ft.

Overall, the changes reflect a 6% increase from 2023 to 2024 and a remarkable 49% increase from 2017 to 2023. The overall change from 2012 to 2024 shows a slight increase of 6%. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Madambakkam

In Madambakkam, there are a total of 1151 streets under the Selaiyur SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, indicating that the 2024 guideline value for Bakiyalakshmi Nagar 3rd Cross Street is below this median.

Stamp duty and registration fee for property in Bakiyalakshmi Nagar 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, making the total fees together Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Bakiyalakshmi Nagar 3rd Cross Street?

The Bakiyalakshmi Nagar 3rd Cross Street falls under the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Madambakkam

The guideline value is a crucial factor in property transactions in Madambakkam, as it determines the official value of the property for registration purposes. When a property is bought or sold, the guideline value is used to calculate the stamp duty and registration fees that need to be paid.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process. The guideline value serves as a benchmark for the transaction, ensuring that the property is valued appropriately for taxation and legal documentation.

Frequently asked questions

What is the current guideline value of Bakiyalakshmi Nagar 3rd Cross Street?

The current guideline value of Bakiyalakshmi Nagar 3rd Cross Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then increased to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the median guideline value in Madambakkam?

The median guideline value in Madambakkam is Rs 2,400 per sq.ft, which means that Bakiyalakshmi Nagar 3rd Cross Street's 2024 value is below this median.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated for properties in Bakiyalakshmi Nagar 3rd Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 17,00,000 incurs a stamp duty of Rs 1,19,000 at 7% and a registration fee of Rs 34,000 at 2%, totaling Rs 1,53,000.