Guideline Value for Bakthavatchalam Cross Street (V.L.Puram)

Bakthavatchalam Cross Street (V.L.Puram) guideline value

The current guideline value of Bakthavatchalam Cross Street (V.L.Puram) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village, under the Ambattur SRO, and is classified as Residential Special Type - I.

How the guideline value of Bakthavatchalam Cross Street (V.L.Puram) has changed

The guideline value for Bakthavatchalam Cross Street (V.L.Puram) has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 2,200 per sq.ft. This was followed by a decrease to Rs 1,474 per sq.ft in 2017, marking a decline of 33%. However, the value increased significantly to Rs 2,200 per sq.ft in the 2023 revision, and then rose again to Rs 2,400 per sq.ft in the 2024 revision, reflecting a 9% increase from the previous year.

There are no recorded figures for Bakthavatchalam Cross Street in the revisions for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Bakthavatchalam Cross Street (V.L.Puram) above this median.

• Bakthavatchalam Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Bakyalakshmi Street (Banu Nagar West): Rs 2,200 per sq.ft (2024)
• Bakyam Street (Banu Nagar West): Rs 2,200 per sq.ft (2024)
• Bakya Street (Banu Nagar West): Rs 2,200 per sq.ft (2024)
• Bajanai Kovil Street: Rs 1,600 per sq.ft (2024)
• Balaji Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Bakthavatchalam Cross Street (V.L.Puram)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total fees to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bakthavatchalam Cross Street (V.L.Puram)?

The Sub Registrar Office that covers Bakthavatchalam Cross Street (V.L.Puram) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Oragadam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with legal requirements.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Bakthavatchalam Cross Street (V.L.Puram)?

The current guideline value of Bakthavatchalam Cross Street (V.L.Puram) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then back to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

What is the land classification for Bakthavatchalam Cross Street (V.L.Puram)?

Bakthavatchalam Cross Street (V.L.Puram) is classified as Residential Special Type - I.

What are the stamp duty and registration fees for property transactions?

The stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the same. For example, a 1,000 sq.ft plot at the current rate would incur a total fee of Rs 2,16,000.

Which Sub Registrar Office covers this area?

The Ambattur Sub Registrar Office covers Bakthavatchalam Cross Street (V.L.Puram), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.