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Guideline Value

Corporate

Guideline Value for Bakthavachalam Nagar 2nd Big Street

₹2800/sq.ft.

The guideline value for Bakthavachalam Nagar 2nd Big 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 ₹750 /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 2nd Big Street

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Bakthavachalam Nagar 2nd Big Street guideline value

The current guideline value of Bakthavachalam Nagar 2nd Big 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 2nd Big Street has changed

The guideline value for Bakthavachalam Nagar 2nd Big Street has undergone several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 750 per sq.ft. This saw a substantial increase to Rs 2,500 per sq.ft in 2012, but then decreased to Rs 1,675 per sq.ft in 2017. The value rose again to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,800 per sq.ft as of the 2024 revision.

Between these revisions, the changes were significant. From 2007 to 2012, the guideline value increased by 233%. However, it decreased by 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, followed by a 12% rise from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 273%. The register has no figures for the years 2002 and 2003 for this street.

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 of Rs 3,900 per sq.ft. Bakthavachalam Nagar 2nd Big Street's current guideline value is below this median.

Stamp duty and registration fee for property in Bakthavachalam Nagar 2nd Big 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, making the total charges Rs 2,52,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bakthavachalam Nagar 2nd Big Street?

The Sub Registrar Office that covers Bakthavachalam Nagar 2nd Big Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for further assistance.

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

The guideline value is a critical factor when registering property in Thalakanancherry. It serves as a benchmark for calculating the stamp duty and registration fees that buyers must pay during the transaction process.

When a property is sold, the guideline value ensures that the government receives appropriate revenue from property transactions. Buyers should be aware that the guideline value is used to determine the minimum price at which a property can be registered, impacting overall transaction costs.

Frequently asked questions

What is the current guideline value of Bakthavachalam Nagar 2nd Big Street?

The current guideline value of Bakthavachalam Nagar 2nd Big 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 significantly, increasing from Rs 750 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, marking an overall increase of 273% over the years.

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

Several other streets in Thalakanancherry share the same guideline value of Rs 2,800 per sq.ft as of 2024, including Bakthavachalam Nagar 1st Street and Bakthavachalam Nagar 2nd High Road.

What is the registration fee for property in Bakthavachalam Nagar 2nd Big Street?

The registration fee for property in Bakthavachalam Nagar 2nd Big Street is calculated based on the guideline value, which is currently Rs 2,800 per sq.ft. For a 1,000 sq.ft plot, the registration fee would be Rs 56,000.

Which office handles the registration for Bakthavachalam Nagar 2nd Big Street?

The Alandur Sub Registrar Office handles the registration for Bakthavachalam Nagar 2nd Big Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.