Guideline Value for Bakthavatchalam Nagar

Bakthavatchalam Nagar guideline value

The current guideline value of Bakthavatchalam Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Bakthavatchalam Nagar has changed

Looking at the revisions, the guideline value for Bakthavatchalam Nagar has been consistent at Rs 700 per sq.ft for the 2023 and 2024 revisions. Prior to this, in the 2017 revision, the guideline value was Rs 469 per sq.ft, indicating a significant increase of 49% from 2017 to 2023.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the current 2024 revision, there has been a 49% increase in the guideline value.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are a total of 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, which aligns with the current guideline value of Bakthavatchalam Nagar.

• Balaji Garden: Rs 700 per sq.ft (2024)
• Balaji Nagar: Rs 700 per sq.ft (2024)
• Bajanai Koil Street(sivanthangal): Rs 700 per sq.ft (2024)
• Balaji Street: Rs 700 per sq.ft (2024)
• Banakara Street: Rs 1,000 per sq.ft (2024)
• Bangalore Road: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in Bakthavatchalam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Bakthavatchalam Nagar?

The Sub Registrar Office that covers Bakthavatchalam Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Sriperumbudur A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This value is essential for compliance with local regulations and for the calculation of applicable taxes.

Frequently asked questions

What is the current guideline value of Bakthavatchalam Nagar?

The current guideline value of Bakthavatchalam Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft for both the 2023 and 2024 revisions. It increased from Rs 469 per sq.ft in 2017, marking a 49% increase over the period.

What is the land classification of Bakthavatchalam Nagar?

Bakthavatchalam Nagar is classified as Residential Class III Type - I, which indicates its designation for residential purposes within the local zoning regulations.

Where can I find the Sub Registrar Office for Bakthavatchalam Nagar?

The Sub Registrar Office for Bakthavatchalam Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Bakthavatchalam Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would amount to Rs 49,000.