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Guideline Value

Corporate

Guideline Value for Bakthavachalam Nagar 5th Street

₹9400/sq.ft.

The guideline value for Bakthavachalam Nagar 5th 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 ₹1099 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1005 /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 5th Street

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Bakthavachalam Nagar 5th Street guideline value

The current guideline value of Bakthavachalam Nagar 5th Street is Rs 9,400 per sq.ft. 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 5th Street has changed

Since the 2002 revision, the guideline value for Bakthavachalam Nagar 5th Street has seen significant changes. In 2002, the value was Rs 1,005 per sq.ft, which increased to Rs 1,099 per sq.ft in 2003. The value then rose to Rs 3,000 per sq.ft in 2007, followed by a substantial jump to Rs 8,500 per sq.ft in 2012. However, it decreased to Rs 5,695 per sq.ft in 2017. The value then increased to Rs 8,500 per sq.ft in 2023, before reaching the current value of Rs 9,400 per sq.ft in 2024.

The changes between the revisions are notable. From 2002 to 2003, the increase was +9%. The value saw a significant rise of +173% from 2003 to 2007. Between 2007 and 2012, there was a +183% increase, but from 2012 to 2017, the value decreased by -33%. The value then increased by +49% from 2017 to 2023, and finally, from 2023 to 2024, there was an increase of +11%. Overall, from 2002 to 2024, the guideline value has increased by +835%.

Guideline values in Pallipattu

In Pallipattu, there are 72 streets under the Adayar SRO that carry a 2024 guideline value 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 current value for Bakthavachalam Nagar 5th Street.

Stamp duty and registration fee for property in Bakthavachalam Nagar 5th 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 be 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 guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bakthavachalam Nagar 5th Street?

The Sub Registrar Office that covers Bakthavachalam Nagar 5th Street is the Adayar Sub Registrar Office, 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 a crucial factor when registering 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 recorded accurately in the official records.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which is essential for budgeting the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Bakthavachalam Nagar 5th Street?

The current guideline value of Bakthavachalam Nagar 5th 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 significantly from Rs 1,005 per sq.ft in 2002 to Rs 9,400 per sq.ft in 2024, marking an overall increase of +835%.

What is the land classification for Bakthavachalam Nagar 5th Street?

Bakthavachalam Nagar 5th Street is classified as Residential Special Type - I.

Where can I find the Adayar Sub Registrar Office?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 8,46,000.