Guideline Value for Bakthavachalam Nagar 16th Street

Bakthavachalam Nagar 16th Street guideline value

The current guideline value of Bakthavachalam Nagar 16th 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 16th Street has changed

The guideline value for Bakthavachalam Nagar 16th Street has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 700 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in the 2012 revision, marking a rise of 257%. However, in the 2017 revision, the value decreased to Rs 1,675 per sq.ft, a drop of 33%. The value then rose again to Rs 2,500 per sq.ft in the 2023 revision, and subsequently increased to the current Rs 2,800 per sq.ft in the 2024 revision, reflecting a growth of 12% from the previous year.

There are no figures available in the register for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Thalakanancherry

In Thalakanancherry village, 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. The median guideline value for these streets is Rs 3,900 per sq.ft, which means that Bakthavachalam Nagar 16th Street's current guideline value is below that median.

• Bakthavachalam Nagar 15th Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 17th Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 14th Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 18th Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 13th Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 19th Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Bakthavachalam Nagar 16th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total 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 our stamp duty and registration fee calculator for more detailed estimations.

Which Sub Registrar Office covers Bakthavachalam Nagar 16th Street?

The Sub Registrar Office that covers Bakthavachalam Nagar 16th Street 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 information.

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

The guideline value is a crucial factor when registering a property in Thalakanancherry. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to understand that the guideline value can influence the overall cost of the transaction. Buyers should be aware of the current guideline value to ensure that they are making informed decisions during the registration process.

Frequently asked questions

What is the current guideline value of Bakthavachalam Nagar 16th Street?

The current guideline value of Bakthavachalam Nagar 16th 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, reflecting an overall increase of 300% over the years.

What is the land classification of Bakthavachalam Nagar 16th Street?

Bakthavachalam Nagar 16th Street is classified as Residential Class II Type - II.

What is the stamp duty for property in Bakthavachalam Nagar 16th Street?

The stamp duty for property in Bakthavachalam Nagar 16th Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Alandur Sub Registrar Office located?

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