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

Bakthavatchalam Street (V.L.Puram) guideline value

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

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

The guideline value for Bakthavatchalam Street (V.L.Puram) has undergone several revisions over the years. The earliest available figure is from 2012, where the guideline value was Rs 2,200 per sq.ft. This was followed by a decrease to Rs 1,474 per sq.ft in 2017. In 2023, the value increased to Rs 2,200 per sq.ft again, and the most recent revision in 2024 set the value at Rs 2,400 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%. The change from 2023 to 2024 reflects a 9% increase. Overall, from 2012 to 2024, the guideline value has seen a net increase of 9%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO, with guideline values ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing Bakthavatchalam Street (V.L.Puram) above that median at Rs 2,400 per sq.ft.

• Bakthavatchalam Cross 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 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 together 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 Street (V.L.Puram)?

The Sub Registrar Office that covers Bakthavatchalam Street (V.L.Puram) is the Ambattur Sub Registrar Office. The address is 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 when registering a property in Oragadam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value helps in establishing a baseline for the transaction price. It is essential to note that the stamp duty is calculated based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Bakthavatchalam 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 Street (V.L.Puram)?

The land classification for Bakthavatchalam Street (V.L.Puram) is Residential Special Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Bakthavatchalam 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.

How is stamp duty calculated for properties in Oragadam?

Stamp duty for properties in Oragadam is calculated based on the higher of the guideline value or the sale price. For example, if a property has a guideline value of Rs 24,00,000, the stamp duty would be calculated on that amount.