Guideline Value

Corporate

Guideline Value for Bakthavachalam Nagar 1st Main Road

₹9400/sq.ft.

The guideline value for Bakthavachalam Nagar 1st Main Road in Pallipattu village (Adayar SRO, Chennai zone) is Rs 9400 per sq.ft, effective 1 July 2024. It was Rs 8500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallipattu

Village

Adayar

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹9400 /sq.ft.
From 1-4-2023 ₹8500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5695 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹8500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹3000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1086 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹993 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.161(71/6), L.b Road (dr.muthulakshmi Salai) Tnhb Building,third Floor,thiruvanmiyur,chennai-600041
044-24415011
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Bakthavachalam Nagar 1st Main Road

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Bakthavachalam Nagar 1st Main Road guideline value

The current guideline value for Bakthavachalam Nagar 1st Main Road is Rs 9,400 per sq.ft, effective from 1 July 2024. This road is located in Pallipattu village, under the Adayar SRO, and is classified as Residential Special Type - I.

How the guideline value of Bakthavachalam Nagar 1st Main Road has changed

The guideline value for Bakthavachalam Nagar 1st Main Road has seen several revisions over the years. In 2002, the value was Rs 993 per sq.ft, which increased to Rs 1,086 per sq.ft in 2003. The next significant jump occurred in 2007, when the value rose to Rs 3,000 per sq.ft. Following that, in 2012, it was revised to Rs 8,500 per sq.ft, but then saw a decrease to Rs 5,695 per sq.ft in 2017. The value then increased to Rs 8,500 per sq.ft in 2023, before reaching the current value of Rs 9,400 per sq.ft in 2024.

In terms of percentage changes, the guideline value increased by 11% from 2023 to 2024. From 2017 to 2023, there was a notable increase of 49%. However, the period from 2012 to 2017 saw a decrease of 33%. The value surged by 183% from 2007 to 2012, and from 2003 to 2007, it increased by 176%. Overall, from 2002 to 2024, the guideline value has risen by 847%.

Guideline values in Pallipattu

Pallipattu village has a total of 72 streets under the Adayar SRO, with the 2024 guideline values ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value for these streets is Rs 9,400 per sq.ft, which is the same as the current value for Bakthavachalam Nagar 1st Main Road.

Stamp duty and registration fee for property in Bakthavachalam Nagar 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 9,400 per sq.ft, the total guideline value amounts to Rs 94,00,000. The stamp duty at 7% would be Rs 6,58,000, and the registration fee at 2% would be Rs 1,88,000, bringing the total to Rs 8,46,000. 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 1st Main Road?

The Sub Registrar Office that covers Bakthavachalam Nagar 1st Main Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Pallipattu. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions. Buyers and sellers must consider this value when negotiating sale prices.

During the registration process, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the agreed sale price, which means that understanding the guideline value is essential for both buyers and sellers in the area.

Frequently asked questions

What is the current guideline value of Bakthavachalam Nagar 1st Main Road?

The current guideline value of Bakthavachalam Nagar 1st Main Road is Rs 9,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, with the most recent increase being 11% from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has risen by 847%.

What are the other streets in Pallipattu with the same guideline value?

Other streets in Pallipattu that share the same guideline value of Rs 9,400 per sq.ft include Bakthavachalam Nagar 1st Street, 2nd Street, 3rd Street, 4th Street, 5th Street, and 6th Main Road.

How is the stamp duty calculated for properties in Bakthavachalam Nagar 1st Main Road?

Stamp duty for properties in Bakthavachalam Nagar 1st Main Road is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 6,58,000.

Where can I find the Sub Registrar Office for Bakthavachalam Nagar 1st Main Road?

The Sub Registrar Office for Bakthavachalam Nagar 1st Main Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.