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Guideline Value

Corporate

Guideline Value for Bakthavachalam Nagar 4th Street

₹9400/sq.ft.

The guideline value for Bakthavachalam Nagar 4th 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 4th Street

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Bakthavachalam Nagar 4th Street guideline value

The current guideline value of Bakthavachalam Nagar 4th Street is Rs 9,400 per sq.ft, effective from 1 July 2024. This street is located in Pallipattu village, under the Adayar SRO, and is classified as Residential Special Type - I.

How the guideline value of Bakthavachalam Nagar 4th Street has changed

The guideline value for Bakthavachalam Nagar 4th Street has seen several revisions over the years. In 2002, the value was Rs 994 per sq.ft, which increased to Rs 1,087 per sq.ft in 2003. Following this, the value rose significantly to Rs 3,000 per sq.ft in 2007, and then to Rs 8,500 per sq.ft in 2012. However, there was a decrease to Rs 5,695 per sq.ft in 2017. The value then increased to Rs 8,500 per sq.ft in 2023, and finally reached Rs 9,400 per sq.ft in the 2024 revision.

Between these revisions, notable changes include a 49% increase from 2017 to 2023, and an 11% increase from 2023 to 2024. The overall change from 2002 to 2024 is a remarkable 846% increase.

Guideline values in Pallipattu

Pallipattu village features a range of guideline values across its 72 streets under the Adayar SRO, with 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 equal to the current guideline value of Bakthavachalam Nagar 4th Street.

Stamp duty and registration fee for property in Bakthavachalam Nagar 4th 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, making the total cost for these fees Rs 8,46,000. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Bakthavachalam Nagar 4th Street?

The Adayar Sub Registrar Office covers Bakthavachalam Nagar 4th Street. The office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Pallipattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price.

Frequently asked questions

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

The current guideline value of Bakthavachalam Nagar 4th 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 increased from Rs 994 per sq.ft in 2002 to Rs 9,400 per sq.ft in 2024, marking an overall increase of 846% over this period.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For a 1,000 sq.ft plot, these fees total Rs 8,46,000.

Which office handles property registration for Bakthavachalam Nagar 4th Street?

The Adayar Sub Registrar Office is responsible for property registration in Bakthavachalam Nagar 4th Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the land classification for Bakthavachalam Nagar 4th Street?

Bakthavachalam Nagar 4th Street is classified as Residential Special Type - I, which is important for understanding the zoning and usage regulations for properties in this area.