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Guideline Value

Corporate

Guideline Value for Bakthavachalam Nagar 2nd High Road

₹2800/sq.ft.

The guideline value for Bakthavachalam Nagar 2nd High Road 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 High Road

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Bakthavachalam Nagar 2nd High Road guideline value

The current guideline value for Bakthavachalam Nagar 2nd High Road is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Thalakanancherry village under the Alandur SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Bakthavachalam Nagar 2nd High Road has changed

The guideline value for Bakthavachalam Nagar 2nd High Road has seen several revisions over the years. In the 2007 revision, the value was Rs 750 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, this value decreased by 33% to Rs 1,675 per sq.ft in the 2017 revision. The 2023 revision marked a notable increase to Rs 2,500 per sq.ft, followed by a further increase of 12% to the current value of Rs 2,800 per sq.ft in 2024.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 273%.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, indicating that Bakthavachalam Nagar 2nd High Road's 2024 figure is below this median.

Stamp duty and registration fee for property in Bakthavachalam Nagar 2nd High Road

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, bringing the total to 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bakthavachalam Nagar 2nd High Road?

The Bakthavachalam Nagar 2nd High Road is covered by 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 more details.

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

The guideline value plays a crucial role during property registration in Thalakanancherry. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when a property transaction occurs.

When buying or selling property, the guideline value is considered to ensure that the transaction is recorded accurately and that the appropriate taxes are collected. This helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Bakthavachalam Nagar 2nd High Road?

The current guideline value of Bakthavachalam Nagar 2nd High Road 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 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 is the land classification for Bakthavachalam Nagar 2nd High Road?

Bakthavachalam Nagar 2nd High Road falls under the Residential Class II Type - II land classification.

What are the other streets in Thalakanancherry with similar guideline values?

Other streets in Thalakanancherry have the same guideline value of Rs 2,800 per sq.ft in 2024, including Bakthavachalam Nagar 2nd Big Street, Bakthavachalam Nagar 2nd Main Road, and others.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 28,00,000, the stamp duty at 7% would be Rs 1,96,000.