Guideline Value

Corporate

Guideline Value for Bakthavachalam Nagar 6th Main Road

₹9400/sq.ft.

The guideline value for Bakthavachalam Nagar 6th Main Road 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 ₹3500 /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 6th Main Road

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Bakthavachalam Nagar 6th Main Road guideline value

The current guideline value of Bakthavachalam Nagar 6th Main Road 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 6th Main Road has changed

The guideline value for Bakthavachalam Nagar 6th Main Road has seen several revisions over the years. In 2002, the guideline value was Rs 994 per sq.ft, which increased to Rs 1,087 per sq.ft in 2003, showing a rise of 9%. The value then saw a significant increase to Rs 3,500 per sq.ft in 2007, marking a 222% jump. Following that, the value rose to Rs 8,500 per sq.ft in 2012, reflecting a 143% increase. However, it decreased to Rs 5,695 per sq.ft in 2017, a decline of 33%. 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, which is an 11% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 846%. The register has no figures for the years not mentioned in this overview.

Guideline values in Pallipattu

Pallipattu village has 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 equal to the current guideline value of Bakthavachalam Nagar 6th Main Road.

Stamp duty and registration fee for property in Bakthavachalam Nagar 6th Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 9,400 per sq.ft, the total guideline value amounts to Rs 94,00,000. The stamp duty at 7% would be Rs 6,58,000, while the registration fee at 2% would be Rs 1,88,000. Together, the total cost for stamp duty and registration fee would be Rs 8,46,000. It is important to 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 6th Main Road?

The Bakthavachalam Nagar 6th Main Road falls under 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 plays a crucial role in property transactions in Pallipattu. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded accurately and legally.

During the registration process, the guideline value is compared with the sale price, and the duty is charged on the higher amount. This helps in maintaining transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Bakthavachalam Nagar 6th Main Road?

The current guideline value of Bakthavachalam Nagar 6th Main Road 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 significantly from Rs 994 per sq.ft in 2002 to Rs 9,400 per sq.ft in 2024, reflecting an overall increase of 846% over the years.

What is the land classification for Bakthavachalam Nagar 6th Main Road?

The land classification for Bakthavachalam Nagar 6th Main Road is 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 is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 94,00,000, the stamp duty would be Rs 6,58,000 at a rate of 7%.