Guideline Value for Bakthavachalam Nagar 9th Cross Street*

Bakthavachalam Nagar 9th Cross Street* guideline value

The current guideline value of Bakthavachalam Nagar 9th 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, and is classified as Residential Class II Type - II.

How the guideline value of Bakthavachalam Nagar 9th Cross Street* has changed

The guideline value for Bakthavachalam Nagar 9th Cross Street* has seen several revisions over the years. The 2007 revision set the value at Rs 700 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, there was a decrease to Rs 1,675 per sq.ft in 2017. The subsequent revisions saw an increase to Rs 2,500 per sq.ft in 2023 and finally to Rs 2,800 per sq.ft in 2024. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 12%. The increase from 2007 to 2012 was a substantial 257%, while the overall change from 2007 to 2024 reflects a significant increase of 300%.

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, with a median value of Rs 3,900 per sq.ft. The guideline value for Bakthavachalam Nagar 9th Cross Street* is below this median.

• Bakthavachalam Nagar 8th Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 9th Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 8th Cross street*: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar First High Road: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 7th Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar Municipalty Employees colony: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Bakthavachalam Nagar 9th 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 would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, totaling Rs 2,52,000. 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 precise calculations.

Which Sub Registrar Office covers Bakthavachalam Nagar 9th Cross Street*?

The Bakthavachalam Nagar 9th Cross Street* falls under 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 a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, both the buyer and seller must consider the guideline value to avoid any discrepancies during registration. The value is essential for calculating the applicable duties and fees, which 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 9th Cross Street*?

The current guideline value of Bakthavachalam Nagar 9th 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, reflecting an overall increase of 300% over the years.

What is the registration office for Bakthavachalam Nagar 9th Cross Street*?

The registration office for Bakthavachalam Nagar 9th Cross Street* is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What are the stamp duty rates for property transactions in this area?

The stamp duty for property transactions in Bakthavachalam Nagar 9th Cross Street* is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find more information about guideline values in Thalakanancherry?

More information about guideline values in Thalakanancherry can be found in the registration department's guideline value register, which details the values for various streets, including Bakthavachalam Nagar 9th Cross Street*.