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Guideline Value

Corporate

Guideline Value for Bakthavachalam Nagar 1st Street

₹2800/sq.ft.

The guideline value for Bakthavachalam Nagar 1st Street in Thalakanancherry village (Alandur SRO, Chennai zone) is Rs 2800 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thalakanancherry

Village

Alandur

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹2800 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /sq.ft.
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)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[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 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 1st Street has changed

The guideline value for Bakthavachalam Nagar 1st Street has seen 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 decreased to Rs 1,675 per sq.ft in 2017. The value then rose to Rs 2,500 per sq.ft in 2023, before reaching the current figure of Rs 2,800 per sq.ft in 2024. There are no figures available for the years 2002 and 2003 in the register for this street.

From 2007 to 2012, the value increased by 257%, but then saw a decline of 33% from 2012 to 2017. A significant increase of 49% was recorded from 2017 to 2023, followed by a rise of 12% from 2023 to 2024. Overall, the guideline value has increased by 300% from 2007 to 2024.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value is Rs 3,900 per sq.ft, placing Bakthavachalam Nagar 1st Street's 2024 figure below this median.

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 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, while the registration fee at 2% would be Rs 56,000. Therefore, the total cost for stamp duty and registration would be 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 the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Bakthavachalam Nagar 1st Street?

The Bakthavachalam Nagar 1st 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

The guideline value is a crucial factor in property transactions in Thalakanancherry. It serves as a reference point for determining the stamp duty and registration fees that must be paid during the property registration process.

When buying or selling property, it is essential to consider the guideline value as it ensures that the transaction is recorded accurately and complies with local regulations. This helps in maintaining transparency in property dealings.

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 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 land classification for Bakthavachalam Nagar 1st Street?

Bakthavachalam Nagar 1st Street is classified as Residential Class II Type - II.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in Bakthavachalam Nagar 1st Street is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office covering Bakthavachalam Nagar 1st Street is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.