Guideline Value for Bakthavatchalam Nagar

Bakthavatchalam Nagar guideline value

The current guideline value of Bakthavatchalam Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024. This area is located in Malayambakkam village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Bakthavatchalam Nagar has changed

Over the years, the guideline value of Bakthavatchalam Nagar has experienced several revisions. The 2007 revision set the value at Rs 560 per sq.ft, which increased to Rs 1,100 per sq.ft in 2012. However, there was a decrease to Rs 737 per sq.ft in the 2017 revision. The value then rose significantly to Rs 1,100 per sq.ft in 2023, and the most recent revision in 2024 has increased it further to Rs 1,210 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

In terms of percentage changes, the guideline value increased by 10% from 2023 to 2024. From 2017 to 2023, there was a notable increase of 49%. The 2012 to 2017 period saw a decrease of 33%, while the value rose by 96% from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by 116%.

Guideline values in Malayambakkam

In Malayambakkam, there are 82 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 450 to Rs 2,750 per sq.ft. The median value for these streets is Rs 935 per sq.ft, placing Bakthavatchalam Nagar above this median.

• Balaji Nagar: Rs 935 per sq.ft (2024)
• Ayaan City: Rs 800 per sq.ft (2024)
• A.S.R. City: Rs 880 per sq.ft (2024)
• Annappan Nagar: Rs 935 per sq.ft (2024)
• Anbu Nagar: Rs 935 per sq.ft (2024)
• Chinthamani Nagar: Rs 880 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 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, bringing the total to Rs 1,08,900. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bakthavatchalam Nagar?

The Sub Registrar Office that covers Bakthavatchalam Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Malayambakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value to avoid any penalties. The registration office will use the guideline value to calculate the applicable fees, ensuring transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Bakthavatchalam Nagar?

The current guideline value of Bakthavatchalam Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 560 per sq.ft in 2007 to Rs 1,210 per sq.ft in 2024, marking an overall increase of 116% over the years.

What is the land classification of Bakthavatchalam Nagar?

Bakthavatchalam Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Bakthavatchalam Nagar?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, these fees would total Rs 1,08,900.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more details online.