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Guideline Value

Corporate

Guideline Value for Bakthavachalam Nagar 1st Street

₹9400/sq.ft.

The guideline value for Bakthavachalam Nagar 1st Street 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 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
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 Street

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Bakthavachalam Nagar 1st Street guideline value

The current guideline value of Bakthavachalam Nagar 1st Street is Rs 9,400 per sq.ft, effective from 1 July 2024. This street is located in Pallipattu village and falls under the Adayar SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Bakthavachalam Nagar 1st Street has changed

The guideline value for Bakthavachalam Nagar 1st Street has seen several revisions over the years. The 2012 revision set the value at Rs 8,500 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 5,695 per sq.ft. The 2023 revision raised the value to Rs 8,500 per sq.ft, followed by a significant increase to Rs 9,400 per sq.ft in the 2024 revision, marking an 11% rise.

Overall, from 2012 to 2024, the guideline value has increased by 11%. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street in the register.

Guideline values in Pallipattu

In Pallipattu, there are 72 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value is Rs 9,400 per sq.ft, which is equal to the current value of Bakthavachalam Nagar 1st Street.

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

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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Bakthavachalam Nagar 1st Street?

The Bakthavachalam Nagar 1st Street is covered by 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 plays a crucial role during the registration of property transactions in Pallipattu. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value is referenced to establish a baseline for the transaction. This helps in maintaining transparency and consistency in property dealings within the region.

Frequently asked questions

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

The current guideline value of Bakthavachalam Nagar 1st Street 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 from Rs 8,500 per sq.ft in 2012 to Rs 5,695 per sq.ft in 2017, then back to Rs 8,500 per sq.ft in 2023, and finally to Rs 9,400 per sq.ft in 2024. This reflects an overall increase of 11% from 2012 to 2024.

What is the land classification for Bakthavachalam Nagar 1st Street?

The land classification for Bakthavachalam Nagar 1st Street is Residential Special Type - I, indicating its suitability for residential development.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. This office handles registrations for properties in the area.

How is stamp duty calculated in Bakthavachalam Nagar 1st Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 94,00,000, the stamp duty would be Rs 6,58,000 at a rate of 7%.