Guideline Value for Bakthavatchalam 1st Street

Bakthavatchalam 1st Street guideline value

The current guideline value of Bakthavatchalam 1st Street is Rs 2,350 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, classified as Residential Class III Type - I.

How the guideline value of Bakthavatchalam 1st Street has changed

The guideline value for Bakthavatchalam 1st Street has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 1,407 per sq.ft. This figure increased significantly to Rs 2,099 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 raised the guideline value to Rs 2,350 per sq.ft, which is a 12% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 67%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Anakaputhur

Anakaputhur village has a total of 501 streets under the Pammal SRO, with guideline values ranging from Rs 1,320 to Rs 4,640 per sq.ft as per the 2024 revision. The median guideline value in this area is Rs 1,980 per sq.ft, making the 2024 figure for Bakthavatchalam 1st Street above that median.

• Bakthavatchalam 2nd Street: Rs 2,350 per sq.ft (2024)
• Bakthavatchalam 3rd Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 10th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 11th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 12th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 13th Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Bakthavatchalam 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total guideline value amounts to Rs 23,50,000. The stamp duty at 7% would be Rs 1,64,500, and the registration fee at 2% would be Rs 47,000, making the total cost for these fees Rs 2,11,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Bakthavatchalam 1st Street?

The Sub Registrar Office that covers Bakthavatchalam 1st Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Anakaputhur

The guideline value plays a crucial role in property transactions in Anakaputhur. It is used to determine the stamp duty and registration fees that need to be paid during the registration of a property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bakthavatchalam 1st Street?

The current guideline value of Bakthavatchalam 1st Street is Rs 2,350 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased by 67%, from Rs 1,407 per sq.ft to Rs 2,350 per sq.ft in 2024.

What is the registration office for Bakthavatchalam 1st Street?

The registration office for Bakthavatchalam 1st Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated for properties in Anakaputhur?

Stamp duty for properties in Anakaputhur is calculated based on the higher of the guideline value or the sale price. For example, if the guideline value is Rs 23,50,000, the stamp duty at 7% would be Rs 1,64,500.

What other streets have the same guideline value as Bakthavatchalam 1st Street?

Other streets in Anakaputhuram that share the same guideline value of Rs 2,350 per sq.ft for 2024 include Bakthavatchalam 2nd Street, Bakthavatchalam 3rd Street, and several streets in Balaji Nagar.