Guideline Value for Bakthavachalam Nagar 7th Cross Street*

Bakthavachalam Nagar 7th Cross Street* guideline value

The current guideline value for Bakthavachalam Nagar 7th Cross Street* is Rs 2,800 per sq.ft as per the 2024 revision, effective from 1 July 2024. This street is located in Thalakanancherry village and falls under the Alandur SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Bakthavachalam Nagar 7th Cross Street* has changed

Over the years, the guideline value for Bakthavachalam Nagar 7th Cross Street* has seen several revisions. The 2007 revision set the value at Rs 700 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a 257% increase. However, from 2012 to 2017, the value decreased to Rs 1,675 per sq.ft, reflecting a decline of 33%. The value then rose to Rs 2,500 per sq.ft in 2023, and the latest revision in 2024 brought it to Rs 2,800 per sq.ft, a 12% increase from the previous year.

In summary, the guideline value has changed from Rs 700 in 2007 to Rs 2,800 in 2024, an overall increase of 300%. The revisions for the years 2002 and 2003 do not have figures recorded for this street.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO that have 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, making the 2024 figure for Bakthavachalam Nagar 7th Cross Street* below this median.

• Bakthavachalam Nagar 6th Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 7th Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 6th Cross Street*: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 8th Cross street*: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 5th Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 8th Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Bakthavachalam Nagar 7th 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 further calculations.

Which Sub Registrar Office covers Bakthavachalam Nagar 7th Cross Street*?

The Bakthavachalam Nagar 7th Cross Street* is covered by 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 in the registration process when buying or selling property in Thalakanancherry. 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 you approach the registration office, the guideline value will be used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. It is important to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Bakthavachalam Nagar 7th Cross Street*?

The current guideline value for Bakthavachalam Nagar 7th 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 from Rs 700 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, with various revisions in between, including a decrease from 2012 to 2017.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft property, the total cost would be Rs 2,52,000, including both fees.

Which Sub Registrar Office covers this street?

The Alandur Sub Registrar Office covers Bakthavachalam Nagar 7th Cross Street*, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Bakthavachalam Nagar 7th Cross Street*?

The land classification for Bakthavachalam Nagar 7th Cross Street* is Residential Class II Type - II.