Guideline Value for Bakthavachalam Nagar 10th Street

Bakthavachalam Nagar 10th Street guideline value

The current guideline value of Bakthavachalam Nagar 10th Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Thalakanancherry village under the Alandur SRO and is classified as Residential Class II Type - II.

How the guideline value of Bakthavachalam Nagar 10th Street has changed

The guideline value for Bakthavachalam Nagar 10th Street has seen several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 700 per sq.ft. This value increased significantly to Rs 2,500 per sq.ft in 2012, marking a 257% rise. However, it then decreased to Rs 1,675 per sq.ft in 2017, representing a decline of 33%. The value rebounded to Rs 2,500 per sq.ft in 2023, and most recently, it has increased to Rs 2,800 per sq.ft in 2024, which is a 12% increase from the previous year.

There are no recorded guideline values for Bakthavachalam Nagar 10th Street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO that have 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 for Bakthavachalam Nagar 10th Street is below this median.

• Bakthavachalam Nagar 10th Cross Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 11th Cross Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 11th Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 12th Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 13th Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 14th Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Bakthavachalam Nagar 10th Street

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 fees to Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Bakthavachalam Nagar 10th Street?

The Bakthavachalam Nagar 10th Street falls under the jurisdiction of 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 minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties agree on a fair price for the transaction. It is essential to consider the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bakthavachalam Nagar 10th Street?

The current guideline value of Bakthavachalam Nagar 10th Street 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 gone through several revisions, starting from Rs 700 per sq.ft in 2007, increasing to Rs 2,500 in 2012, then decreasing to Rs 1,675 in 2017, and rising to Rs 2,800 in 2024.

What is the land classification for Bakthavachalam Nagar 10th Street?

Bakthavachalam Nagar 10th Street is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 28,00,000, the total fees would amount to Rs 2,52,000.

Which office handles the registration for Bakthavachalam Nagar 10th Street?

The Alandur Sub Registrar Office handles the registration for Bakthavachalam Nagar 10th Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.