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Guideline Value

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Guideline Value for Bakiyalakshmi Nagar 6th Cross Street

₹1700/sq.ft.

The guideline value for Bakiyalakshmi Nagar 6th 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 6th Cross Street

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Bakiyalakshmi Nagar 6th Cross Street guideline value

The current guideline value of Bakiyalakshmi Nagar 6th 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 and is classified as Residential Class I Type - II.

How the guideline value of Bakiyalakshmi Nagar 6th Cross Street has changed

Over the years, the guideline value for Bakiyalakshmi Nagar 6th Cross Street has seen several revisions. The 2012 revision recorded a value of Rs 1,600 per sq.ft, which was then reduced to Rs 1,072 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,600 per sq.ft in 2023 and further rose to Rs 1,700 per sq.ft in the 2024 revision, marking a 6% increase from 2023 to 2024.

From 2017 to 2023, the value increased significantly by 49%. However, the value in 2012 was higher than the 2017 figure, showing a decrease of 33%. Overall, from 2012 to 2024, there has been a slight increase of 6%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value, 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 figure for Bakiyalakshmi Nagar 6th Cross Street is below that median.

Stamp duty and registration fee for property in Bakiyalakshmi Nagar 6th 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 would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, making the total cost for these fees Rs 1,53,000. Please 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 information.

Which Sub Registrar Office covers Bakiyalakshmi Nagar 6th Cross Street?

The Bakiyalakshmi Nagar 6th 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Madambakkam. It serves as the minimum value at which properties can be registered and is used to calculate the stamp duty and registration fees applicable to the sale.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation and ensuring compliance with local regulations. Buyers should be aware of the guideline value to understand the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Bakiyalakshmi Nagar 6th Cross Street?

The current guideline value of Bakiyalakshmi Nagar 6th 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 2023 to Rs 1,700 per sq.ft in 2024, a 6% increase. From 2017 to 2023, it increased by 49%, while from 2012 to 2017, it decreased by 33%.

What is the land classification of Bakiyalakshmi Nagar 6th Cross Street?

Bakiyalakshmi Nagar 6th Cross Street is classified as Residential Class I Type - II.

What are the other streets in Madambakkam with the same guideline value?

Other streets in Madambakkam, such as Bakiyalakshmi Nagar 5th Street, Bakiyalakshmi Nagar 6th Street, Bakiyalakshmi Nagar 5th Cross Street, Bakiyalakshmi Nagar Main Road, Bakiyalakshmi Nagar 4th Street, and Bakiyalakshmi Nagar 4th Cross Street, all have a guideline value of Rs 1,700 per sq.ft for 2024.

Where is the Selaiyur Sub Registrar Office located?

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