Guideline Value for Bakthavachalam Nagar 11th Street

Bakthavachalam Nagar 11th Street guideline value

The current guideline value of Bakthavachalam Nagar 11th Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Thalakanancherry village under the Alandur SRO, classified as Residential Class II Type - II.

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

The guideline value for Bakthavachalam Nagar 11th Street has seen several revisions over the years. The 2007 revision recorded a value of Rs 1,700 per sq.ft, which increased to Rs 2,500 per sq.ft in 2012, marking a rise of 47%. However, the value then decreased by 33% to Rs 1,675 per sq.ft in 2017. Following this, the 2023 revision saw a significant increase to Rs 2,500 per sq.ft, and the latest revision in 2024 has set the value at Rs 2,800 per sq.ft, reflecting a 12% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 65%.

Guideline values in Thalakanancherry

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

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

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Bakthavachalam Nagar 11th Street?

The Bakthavachalam Nagar 11th 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 is a crucial reference point used during the registration process of property transactions in Thalakanancherry. It is the value set by the government for various properties and is used to calculate the stamp duty and registration fees applicable during the sale or purchase of real estate.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are paid. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Bakthavachalam Nagar 11th 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 1,700 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 65% over the years.

What are the other streets in Thalakanancherry with similar guideline values?

Other streets in Thalakanancherry, such as Bakthavachalam Nagar 11th Cross Street, 12th Street, 10th Street, 13th Street, 10th Cross Street, and 14th Street, all have a guideline value of Rs 2,800 per sq.ft for 2024.

What is the registration fee for property in Bakthavachalam Nagar 11th Street?

The registration fee for property in Bakthavachalam Nagar 11th Street is calculated based on the guideline value. For example, a property valued at Rs 28,00,000 would incur a registration fee of Rs 56,000 at a rate of 2%.

Which office handles property registrations for Bakthavachalam Nagar 11th Street?

The Alandur Sub Registrar Office handles property registrations for Bakthavachalam Nagar 11th Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.