Guideline Value for Bakthavatchalam 3rd Street

Bakthavatchalam 3rd Street guideline value

The current guideline value of Bakthavatchalam 3rd Street is Rs 2,350 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class III Type - I.

How the guideline value of Bakthavatchalam 3rd Street has changed

The guideline value for Bakthavatchalam 3rd Street has seen significant changes over the years. The 2017 revision recorded a value of Rs 1,407 per sq.ft, which increased to Rs 2,099 per sq.ft in 2023, marking a 49% rise. The latest revision in 2024 has set the value at Rs 2,350 per sq.ft, reflecting 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 Bakthavatchalam 3rd Street for the years 2002, 2003, 2007, and 2012.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO, with guideline values ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value is Rs 1,980 per sq.ft, placing Bakthavatchalam 3rd Street's 2024 value above this median.

• Bakthavatchalam 2nd Street: Rs 2,350 per sq.ft (2024)
• Bakthavatchalam 1st 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 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total guideline value would be Rs 23,50,000. The stamp duty at 7% would amount to Rs 1,64,500, and the registration fee at 2% would be Rs 47,000, bringing the total to Rs 2,11,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bakthavatchalam 3rd Street?

The Bakthavatchalam 3rd Street falls under the jurisdiction of the Pammal Sub Registrar Office located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the 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 is a crucial factor when registering property in Anakaputhur. It serves as a benchmark for determining the amount of stamp duty and registration fees that need to be paid during the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at an official value, which helps maintain transparency and accountability in real estate dealings. Buyers and sellers must be aware of the current guideline value to accurately calculate their costs associated with the property transfer.

Frequently asked questions

What is the current guideline value of Bakthavatchalam 3rd Street?

The current guideline value of Bakthavatchalam 3rd Street is Rs 2,350 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,407 per sq.ft in 2017 to Rs 2,350 per sq.ft in 2024, representing a total increase of 67% over this period.

What is the land classification for Bakthavatchalam 3rd Street?

Bakthavatchalam 3rd Street is classified as Residential Class III Type - I.

Where can I find the registration office for Bakthavatchalam 3rd Street?

The registration office for Bakthavatchalam 3rd Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 23,50,000, the stamp duty would be Rs 1,64,500 at the rate of 7%.