Guideline Value for Bakkiyammal Nagar

Bakkiyammal Nagar guideline value

The current guideline value of Bakkiyammal Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Kilkattalai village, under the Pallavaram SRO, and is classified as Residential Class I Type - III.

How the guideline value of Bakkiyammal Nagar has changed

The guideline value for Bakkiyammal Nagar has seen significant changes over the years. In 2003, the guideline value was Rs 259 per sq.ft, which increased to Rs 400 per sq.ft in 2007. Following this, the value surged to Rs 2,000 per sq.ft in 2012, marking a 400% increase. However, it then decreased to Rs 1,340 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 2,000 per sq.ft in 2023 and finally reached Rs 2,200 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 749%. The register does not have figures for the year 2002 for this street.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO, with guideline values in 2024 ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value for the village is Rs 2,530 per sq.ft, placing Bakkiyammal Nagar's 2024 figure below this median.

• Balaji Nagar: Rs 1,980 per sq.ft (2024)
• Balamurugan Nagar: Rs 2,750 per sq.ft (2024)
• Balamurugan Nagar 1 To 9 Streets: Rs 2,750 per sq.ft (2024)
• Balaram Nagar: Rs 2,200 per sq.ft (2024)
• Backiammal Nagar 1 To 5 Streets: Rs 2,200 per sq.ft (2024)
• Ayyappan Koil Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Bakkiyammal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. 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 details.

Which Sub Registrar Office covers Bakkiyammal Nagar?

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

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

The guideline value plays a crucial role when buying or selling property in Kilkattalai. It is used to determine the stamp duty and registration fees that need to be paid during the property transaction. Buyers should be aware that the guideline value may differ from the actual sale price.

When registering a property, the higher value between the guideline value and the sale price is considered for calculating the applicable fees. This ensures that the transaction is recorded accurately in the official registry.

Frequently asked questions

What is the current guideline value of Bakkiyammal Nagar?

The current guideline value of Bakkiyammal Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 259 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 749% over this period.

What is the median guideline value in Kilkattalai?

The median guideline value for Kilkattalai village is Rs 2,530 per sq.ft, which is higher than the current value of Bakkiyammal Nagar.

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

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a total fee of Rs 1,98,000.