Guideline Value

Corporate

Guideline Value for Bakthavachalam Nagar 3rd Street

₹9400/sq.ft.

The guideline value for Bakthavachalam Nagar 3rd 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 ₹3000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1087 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹994 /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 3rd Street

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Bakthavachalam Nagar 3rd Street guideline value

The current guideline value of Bakthavachalam Nagar 3rd Street is Rs 9,400 per sq.ft, effective from 1 July 2024. This street is located in Pallipattu village under the Adayar SRO, classified as Residential Special Type - I.

How the guideline value of Bakthavachalam Nagar 3rd Street has changed

The guideline value for Bakthavachalam Nagar 3rd Street has seen several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 994 per sq.ft. This increased to Rs 1,087 per sq.ft in 2003, marking a 9% rise. By 2007, the value surged to Rs 3,000 per sq.ft, reflecting a significant increase of 176%. The 2012 revision saw a decrease to Rs 8,500 per sq.ft, a drop of 33% from the previous figure. However, this was followed by a sharp increase to Rs 5,695 per sq.ft in 2017, which represented a 49% rise. The value then increased again to Rs 8,500 per sq.ft in 2023, before reaching the current rate of Rs 9,400 per sq.ft in 2024, which is an 11% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 846%. There are no figures available for the years not mentioned in the revisions.

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 value is Rs 9,400 per sq.ft, which is the same as the guideline value for Bakthavachalam Nagar 3rd Street.

Stamp duty and registration fee for property in Bakthavachalam Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 9,400 per sq.ft, the total guideline value would be Rs 94,00,000. The stamp duty at 7% would amount to Rs 6,58,000, and the registration fee at 2% would be Rs 1,88,000. Together, the total cost for stamp duty and registration would be Rs 8,46,000. Please 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 3rd Street?

The Sub Registrar Office that covers Bakthavachalam Nagar 3rd Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pallipattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted at a fair value as per the government standards.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bakthavachalam Nagar 3rd Street?

The current guideline value of Bakthavachalam Nagar 3rd 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 994 per sq.ft in 2002 to Rs 9,400 per sq.ft in 2024, showing an overall increase of 846% over the years.

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

Other streets in Pallipattu with the same guideline value of Rs 9,400 per sq.ft include Bakthavachalam Nagar 1st Street, 2nd Street, 4th Street, 5th Street, 6th Main Road, and 7th Main Road.

What is the stamp duty rate for properties in Bakthavachalam Nagar 3rd Street?

The stamp duty rate for properties in Bakthavachalam Nagar 3rd Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Bakthavachalam Nagar 3rd Street?

The Sub Registrar Office for Bakthavachalam Nagar 3rd Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.