Guideline Value for Bakthavachalam Nagar 4th Cross Street

Bakthavachalam Nagar 4th Cross Street guideline value

The current guideline value of Bakthavachalam Nagar 4th Cross 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 4th Cross Street has changed

The guideline value for Bakthavachalam Nagar 4th Cross Street has seen several revisions over the years. The oldest recorded revision is from 2007, where the guideline value was Rs 700 per sq.ft. This increased significantly 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 finally to the current rate of Rs 2,800 per sq.ft in 2024.

Between these revisions, there were notable changes. From 2007 to 2012, the value increased by 257%. However, from 2012 to 2017, it decreased by 33%. The value then surged by 49% from 2017 to 2023, and has increased by 12% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 300%. There are no figures available for the revisions in 2002 and 2003 for this street.

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 guideline value in this area is Rs 3,900 per sq.ft, placing Bakthavachalam Nagar 4th Cross Street's 2024 figure below that median.

• Bakthavachalam Nagar 3rd Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 4th Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 3rd Main Road: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 5th Cross Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 3rd High Road: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 3rd Cross Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Bakthavachalam Nagar 4th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total to Rs 2,52,000. Please 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 details.

Which Sub Registrar Office covers Bakthavachalam Nagar 4th Cross Street?

The Bakthavachalam Nagar 4th Cross 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. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Thalakanancherry. It serves as the benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the established values rather than arbitrary figures.

When a property transaction occurs, the guideline value is referenced to ascertain the minimum value for registration. This ensures transparency and helps maintain a standard in property transactions within the region.

Frequently asked questions

What is the current guideline value of Bakthavachalam Nagar 4th Cross Street?

The current guideline value of Bakthavachalam Nagar 4th Cross 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, starting from Rs 700 per sq.ft in 2007 and reaching Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 300% over this period.

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

Other streets in Thalakanancherry, such as Bakthavachalam Nagar 3rd Street, Bakthavachalam Nagar 4th Street, Bakthavachalam Nagar 3rd Main Road, Bakthavachalam Nagar 5th Cross Street, Bakthavachalam Nagar 3rd High Road, and Bakthavachalam Nagar 3rd Cross Street, all share the same guideline value of Rs 2,800 per sq.ft for 2024.

What is the registration fee for property in Bakthavachalam Nagar 4th Cross Street?

The registration fee for property in Bakthavachalam Nagar 4th Cross Street is calculated at 2% of the guideline value. For a property valued at Rs 28,00,000, the registration fee would be Rs 56,000.

Which Sub Registrar Office covers this area?

The Alandur Sub Registrar Office covers Bakthavachalam Nagar 4th Cross Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.