Guideline Value for Bakthavachalam Nagar First High Road

Bakthavachalam Nagar First High Road guideline value

The current guideline value of Bakthavachalam Nagar First High Road 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 First High Road has changed

The guideline value for Bakthavachalam Nagar First High Road has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 1,700 per sq.ft. This increased to Rs 2,500 per sq.ft in 2012, marking a 47% rise. However, the value then decreased by 33% to Rs 1,675 per sq.ft in 2017. Following this, the value surged by 49% to Rs 2,500 per sq.ft in 2023, and most recently, it has increased by 12% to the current value of Rs 2,800 per sq.ft in 2024.

It is important to note that there are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 65%.

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 value for these streets is Rs 3,900 per sq.ft, making the guideline value of Bakthavachalam Nagar First High Road below the median.

• Bakthavachalam Nagar 9th Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar Municipalty Employees colony: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 9th Cross Street*: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar Municipalty Employees colony 1st Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar 8th Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar Municipalty Employees colony 2nd Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Bakthavachalam Nagar First High Road

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, bringing the total cost for these fees to Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bakthavachalam Nagar First High Road?

The Sub Registrar Office that covers Bakthavachalam Nagar First High Road is 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 is a crucial factor in the registration process when buying or selling property in Thalakanancherry. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This system helps maintain transparency and accountability in property transactions in the region.

Frequently asked questions

What is the current guideline value of Bakthavachalam Nagar First High Road?

The current guideline value of Bakthavachalam Nagar First High Road 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 1,700 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 65% over the years.

What is the land classification for this street?

Bakthavachalam Nagar First High Road is classified as Residential Class II Type - II.

Where is the Alandur Sub Registrar Office located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

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, a 1,000 sq.ft plot at the current guideline value would incur a total fee of Rs 2,52,000.