Guideline Value for Bakthavachalam Nagar 18th Street

Bakthavachalam Nagar 18th Street guideline value

The current guideline value for Bakthavachalam Nagar 18th Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Thalakanancherry village and falls under the Alandur SRO. The land classification is Residential Class II Type - II.

How the guideline value of Bakthavachalam Nagar 18th Street has changed

The guideline value for Bakthavachalam Nagar 18th 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 saw a decrease to Rs 1,675 per sq.ft in 2017, before rising again to Rs 2,500 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 2,800 per sq.ft, marking a 12% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 300%. The revisions for the years 2002 and 2003 do not have figures listed for this street.

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. The median value of these streets is Rs 3,900 per sq.ft, making the 2024 figure for Bakthavachalam Nagar 18th Street below the median.

• Bakthavachalam Nagar 17th Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 19th Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 16th Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 1st Cross Lane: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 15th Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 1st Cross Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Bakthavachalam Nagar 18th 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 also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bakthavachalam Nagar 18th Street?

The Bakthavachalam Nagar 18th 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. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in property transactions in Thalakanancherry, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees payable at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value for Bakthavachalam Nagar 18th Street?

The current guideline value for Bakthavachalam Nagar 18th 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 period.

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

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000, and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which office handles the registration for Bakthavachalam Nagar 18th Street?

The Alandur Sub Registrar Office handles the registration for Bakthavachalam Nagar 18th Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Bakthavachalam Nagar 18th Street?

The land classification for Bakthavachalam Nagar 18th Street is Residential Class II Type - II.