Guideline Value for Bakthavachalam Nagar 19th Street

Bakthavachalam Nagar 19th Street guideline value

The current guideline value of Bakthavachalam Nagar 19th 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 19th Street has changed

The guideline value for Bakthavachalam Nagar 19th Street has undergone several revisions over the years. The 2007 revision set the value at Rs 700 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, this value saw a decrease of 33% to Rs 1,675 per sq.ft in the 2017 revision. Following this, the value rose by 49% to Rs 2,500 per sq.ft in 2023, and then increased by 12% to the current value of Rs 2,800 per sq.ft in the 2024 revision. There are no figures available for the revisions in 2002 and 2003 for this street.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 300%. The changes reflect the fluctuations in the property market and the adjustments made by the Registration Department.

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. The guideline value of Bakthavachalam Nagar 19th Street is below this median.

• Bakthavachalam Nagar 18th Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 1st Cross Lane: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 17th Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 1st Cross Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 16th Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 15th Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Bakthavachalam Nagar 19th 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, resulting in a total of 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 details.

Which Sub Registrar Office covers Bakthavachalam Nagar 19th Street?

The Bakthavachalam Nagar 19th 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

When buying or selling property in Thalakanancherry, the guideline value is a crucial factor during the registration process. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is in accordance with the regulations set by the Registration Department.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price. The authorities will charge the stamp duty based on the higher of the guideline value or the sale price, which is an important consideration in property transactions.

Frequently asked questions

What is the current guideline value of Bakthavachalam Nagar 19th Street?

The current guideline value of Bakthavachalam Nagar 19th 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 this period.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 28,00,000, the total fees would amount to Rs 2,52,000.

Which office handles registrations for Bakthavachalam Nagar 19th Street?

The Alandur Sub Registrar Office handles registrations for Bakthavachalam Nagar 19th Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Bakthavachalam Nagar 19th Street?

Bakthavachalam Nagar 19th Street is classified as Residential Class II Type - II, which is important for understanding the permissible uses of the property.