Guideline Value for Bakthavachalam Nagar South 1st Street

Bakthavachalam Nagar South 1st Street guideline value

The current guideline value of Bakthavachalam Nagar South 1st Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Thalakanancherry village under the Alandur Sub Registrar Office (SRO) and is classified as Residential Class II Type - II.

How the guideline value of Bakthavachalam Nagar South 1st Street has changed

Looking at the revisions over the years, the guideline value for Bakthavachalam Nagar South 1st Street has seen significant changes. In 2007, the value was Rs 750 per sq.ft, which increased to Rs 2,500 per sq.ft in 2012. However, this figure dropped to Rs 1,675 per sq.ft in 2017. The 2023 revision saw a rise to Rs 2,500 per sq.ft, and the current 2024 revision marks an increase to Rs 2,800 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

The changes between these revisions are noteworthy. From 2007 to 2012, the guideline value increased by 233%, but then it decreased by 33% from 2012 to 2017. A substantial rise of 49% occurred from 2017 to 2023, followed by a 12% increase from 2023 to 2024. Overall, the guideline value has increased by 273% from 2007 to 2024.

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 value for these streets is Rs 3,900 per sq.ft, placing the guideline value of Bakthavachalam Nagar South 1st Street below this median.

• Bakthavachalam Nagar South: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar South 2nd Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar Municipalty Employees colony 3rd Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar South 3rd Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar Municipalty Employees colony 2nd Street: Rs 2,800 per sq.ft (2024)
• Bakthavachalam Nagar Municipalty Employees colony 1st Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Bakthavachalam Nagar South 1st 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, while the registration fee at 2% would be Rs 56,000, bringing the total fees together to 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bakthavachalam Nagar South 1st Street?

The Bakthavachalam Nagar South 1st 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. 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 an essential factor during property registration 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 revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Bakthavachalam Nagar South 1st Street?

The current guideline value of Bakthavachalam Nagar South 1st 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 significantly, increasing from Rs 750 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, marking an overall increase of 273% over that period.

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

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which Sub Registrar Office covers this street?

The Alandur Sub Registrar Office covers Bakthavachalam Nagar South 1st Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification of Bakthavachalam Nagar South 1st Street?

Bakthavachalam Nagar South 1st Street is classified as Residential Class II Type - II, indicating its suitability for residential development.