Guideline Value for Bakthavathsalam Street

Bakthavathsalam Street guideline value

The current guideline value of Bakthavathsalam Street is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Irunkattukottai_B village under the Sriperumpudur SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Bakthavathsalam Street has changed

The guideline value for Bakthavathsalam Street has seen several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 400 per sq.ft, which is the same as the figure from the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 268 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase remains at 49%, reflecting the consistency in the value from 2023 to 2024.

Guideline values in Irunkattukottai_B

In Irunkattukottai_B, there are 54 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 1,200 per sq.ft. The median value is Rs 400 per sq.ft, which aligns with the guideline value of Bakthavathsalam Street.

• Ashok Nagar: Rs 250 per sq.ft (2024)
• Bharathiyar Street: Rs 400 per sq.ft (2024)
• Anna Street: Rs 600 per sq.ft (2024)
• Anna Nagar: Rs 800 per sq.ft (2024)
• Anna Cross Street: Rs 600 per sq.ft (2024)
• Colony Bajanai Koil Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Bakthavathsalam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Bakthavathsalam Street?

The Bakthavathsalam Street falls under the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Irunkattukottai_B. It serves as a baseline for calculating stamp duty and registration fees, ensuring that the state receives the appropriate revenue from property sales.

When buying or selling a property, the guideline value is referenced to determine the official value of the property, which can affect both the buyer and seller during the registration process. It is essential for both parties to be aware of the current guideline value to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Bakthavathsalam Street?

The current guideline value of Bakthavathsalam Street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%. The value remained the same from 2023 to 2024.

What are the guideline values of other streets in Irunkattukottai_B?

Other streets in Irunkattukottai_B have varying guideline values, ranging from Rs 250 to Rs 1,200 per sq.ft, with Bakthavathsalam Street's value aligning with the median of Rs 400 per sq.ft.

What fees are associated with buying property on Bakthavathsalam Street?

When purchasing property on Bakthavathsalam Street, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Which office handles the registration for Bakthavathsalam Street?

The registration for Bakthavathsalam Street is handled by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu.