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Guideline Value

Corporate

Guideline Value for Bakthavachalam Nagar 3rd Main Road

₹2800/sq.ft.

The guideline value for Bakthavachalam Nagar 3rd Main Road in Thalakanancherry village (Alandur SRO, Chennai zone) is Rs 2800 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thalakanancherry

Village

Alandur

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹2800 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /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)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Bakthavachalam Nagar 3rd Main Road

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Bakthavachalam Nagar 3rd Main Road guideline value

The current guideline value of Bakthavachalam Nagar 3rd Main Road is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Thalakanancherry village and falls under the Alandur SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Bakthavachalam Nagar 3rd Main Road has changed

The guideline value for Bakthavachalam Nagar 3rd Main Road has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. However, the value saw a significant increase to Rs 2,500 per sq.ft in the 2023 revision, followed by a further increase to Rs 2,800 per sq.ft in the 2024 revision, marking a 12% rise from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a 12% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft, with a median value of Rs 3,900 per sq.ft. The guideline value of Bakthavachalam Nagar 3rd Main Road is below this median.

Stamp duty and registration fee for property in Bakthavachalam Nagar 3rd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total cost for these fees to Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bakthavachalam Nagar 3rd Main Road?

The Sub Registrar Office that covers Bakthavachalam Nagar 3rd Main Road is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Thalakanancherry. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property in the area.

When a property is sold, the guideline value helps ensure that the transaction is conducted at a fair price, as it reflects the government’s assessment of property values in the locality. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bakthavachalam Nagar 3rd Main Road?

The current guideline value of Bakthavachalam Nagar 3rd Main Road is Rs 2,800 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 2023 to Rs 2,800 per sq.ft in 2024, marking a 12% increase. It was Rs 1,675 per sq.ft in 2017 and Rs 2,500 per sq.ft in 2012.

What is the land classification for Bakthavachalam Nagar 3rd Main Road?

The land classification for Bakthavachalam Nagar 3rd Main Road is Residential Class II Type - II.

What is the stamp duty rate in Thalakanancherry?

The stamp duty rate in Thalakanancherry is 7%, which is applied to the higher of the guideline value or the sale price of the property.

Where can I find the Sub Registrar Office for Bakthavachalam Nagar 3rd Main Road?

The Sub Registrar Office for Bakthavachalam Nagar 3rd Main Road is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.