Guideline Value for Bakthavachalam Nagar 6th Cross Street*

Bakthavachalam Nagar 6th Cross Street* guideline value

The current guideline value for Bakthavachalam Nagar 6th 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 6th Cross Street* has changed

The guideline value for Bakthavachalam Nagar 6th Cross Street* has undergone several revisions over the years. In 2007, the value was Rs 700 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a 257% rise. However, it saw a decrease to Rs 1,675 per sq.ft in 2017, representing a 33% decline. The value then rose again to Rs 2,500 per sq.ft in 2023, and most recently to Rs 2,800 per sq.ft in 2024, reflecting a 12% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 300%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 3,900 per sq.ft, placing the 2024 figure for Bakthavachalam Nagar 6th Cross Street* below this median.

• Bakthavachalam Nagar 5th Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 6th Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 5th Cross Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 7th Cross Street*: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 4th Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 7th Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Bakthavachalam Nagar 6th 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. It is important to 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 information.

Which Sub Registrar Office covers Bakthavachalam Nagar 6th Cross Street*?

The Bakthavachalam Nagar 6th 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. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Thalakanancherry. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This means that buyers should be aware of the current guideline value to ensure they are prepared for the associated costs during the registration process.

Frequently asked questions

What is the current guideline value of Bakthavachalam Nagar 6th Cross Street*?

The current guideline value of Bakthavachalam Nagar 6th 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 seen several revisions, increasing from Rs 700 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, with a notable increase of 300% overall during this period.

What is the land classification for Bakthavachalam Nagar 6th Cross Street*?

Bakthavachalam Nagar 6th Cross Street* is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, for a property valued at Rs 28,00,000, the total fees would amount to Rs 2,52,000.

Where can I find the Sub Registrar Office for this street?

The Alandur Sub Registrar Office covers Bakthavachalam Nagar 6th Cross Street*, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.