Guideline Value for Bakthavatchalam Street

Bakthavatchalam Street guideline value

The current guideline value of Bakthavatchalam Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village under the Selaiyur SRO, classified as Residential Class II Type - I.

How the guideline value of Bakthavatchalam Street has changed

In the 2012 revision, the guideline value was Rs 1,500 per sq.ft. The subsequent revision in 2024 saw an increase of 7%, bringing the value to Rs 1,600 per sq.ft. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

Comparing the revisions, the increase from 2012 to 2024 reflects a notable adjustment in the guideline value, while earlier years lack recorded figures. The consistent rise in the latest revision indicates a shift in the valuation for this street.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, placing Bakthavatchalam Street's 2024 figure below that median.

• Bala Garden: Rs 1,700 per sq.ft (2024)
• Bakiyalakshmi Nagar Main Road: Rs 1,700 per sq.ft (2024)
• Bala Garden Extension: Rs 2,200 per sq.ft (2024)
• Bakiyalakshmi Nagar 6th Street: Rs 1,700 per sq.ft (2024)
• Bakiyalakshmi Nagar 6th Cross Street: Rs 1,700 per sq.ft (2024)
• Bakiyalakshmi Nagar 5th Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Bakthavatchalam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, making the total Rs 1,44,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bakthavatchalam Street?

The Sub Registrar Office that covers Bakthavatchalam Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor during the registration of property transactions in Madambakkam. It serves as a benchmark for calculating the stamp duty and registration fees that buyers must pay when purchasing property.

When selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps maintain transparency in property dealings. Buyers and sellers should be aware of these values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Bakthavatchalam Street?

The current guideline value of Bakthavatchalam Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,500 per sq.ft in 2012 to Rs 1,600 per sq.ft in 2024, representing a 7% increase. There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002.

What is the median guideline value for streets in Madambakkam?

The median guideline value for streets in Madambakkam is Rs 2,400 per sq.ft. Bakthavatchalam Street's guideline value is below this median.

What are the stamp duty rates applicable in Bakthavatchalam Street?

The stamp duty rate is 7% of the guideline value or sale price, whichever is higher. The registration fee is 2% of the guideline value.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.