Guideline Value for Bakthavachalam Nagar 11th Cross Street*

Bakthavachalam Nagar 11th Cross Street* guideline value

The current guideline value for Bakthavachalam Nagar 11th Cross Street* is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Thalakanancherry village, under the jurisdiction of the Alandur Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - II.

How the guideline value of Bakthavachalam Nagar 11th Cross Street* has changed

The guideline value for Bakthavachalam Nagar 11th Cross Street* has seen several revisions over the years. The 2007 revision recorded a value of Rs 700 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a 257% rise. However, from 2012 to 2017, the value decreased to Rs 1,675 per sq.ft, reflecting a decline of 33%. The 2017 revision then showed a substantial increase to Rs 2,500 per sq.ft in 2023, which was a 49% rise. The most recent 2024 revision has set the guideline value at Rs 2,800 per sq.ft, representing a 12% increase from the previous year.

It is important to note that the register does not have figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the current 2024 figure, there has been a remarkable increase of 300% in the guideline value.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO with a 2024 guideline value that ranges from Rs 2,200 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 3,900 per sq.ft, placing Bakthavachalam Nagar 11th Cross Street* below this median.

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

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bakthavachalam Nagar 11th Cross Street*?

The Bakthavachalam Nagar 11th Cross 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. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thalakanancherry. It serves as a reference point for calculating the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to determine the minimum value on which the stamp duty is calculated, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bakthavachalam Nagar 11th Cross Street*?

The current guideline value of Bakthavachalam Nagar 11th Cross 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 changed from Rs 700 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, showing an overall increase of 300% over the years.

What is the land classification for Bakthavachalam Nagar 11th Cross Street*?

The land classification for Bakthavachalam Nagar 11th Cross Street* is Residential Class II Type - II.

Where can I find the Alandur Sub Registrar Office?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for properties in Thalakanancherry?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 28,00,000, the stamp duty would be calculated accordingly.