Guideline Value for Bakthavachalam Nagar 17th Street

Bakthavachalam Nagar 17th Street guideline value

The current guideline value of Bakthavachalam Nagar 17th 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 17th Street has changed

The guideline value for Bakthavachalam Nagar 17th Street has undergone several revisions over the years. In 2007, the value was Rs 700 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, it then decreased to Rs 1,675 per sq.ft in 2017. The value saw a substantial increase to Rs 2,500 per sq.ft in 2023, and the current value is Rs 2,800 per sq.ft from the 2024 revision, marking a 12% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 300%. The register does not have figures for the years 2002 and 2003 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. Bakthavachalam Nagar 17th Street's current value is below this median.

• Bakthavachalam Nagar 16th Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 18th Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 15th Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 19th Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 14th Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 1st Cross Lane: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Bakthavachalam Nagar 17th 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 to Rs 2,52,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further details.

Which Sub Registrar Office covers Bakthavachalam Nagar 17th Street?

The Sub Registrar Office that covers Bakthavachalam Nagar 17th 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 in property transactions in Thalakanancherry. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees during the buying or selling process.

When a property is sold, the guideline value ensures that all transactions are conducted fairly, reflecting the official valuation set by the government. Buyers and sellers should be aware of these values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Bakthavachalam Nagar 17th Street?

The current guideline value of Bakthavachalam Nagar 17th 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 median guideline value in Thalakanancherry?

The median guideline value in Thalakanancherry is Rs 3,900 per sq.ft, with Bakthavachalam Nagar 17th Street's value being below this median.

What are the stamp duty and registration fees for a property in Bakthavachalam Nagar 17th Street?

For a 1,000 sq.ft property, the total stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000 based on the guideline value.

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.