Guideline Value for Bhakathvachalam Nagar Main Road

Bhakathvachalam Nagar Main Road guideline value

The current guideline value of Bhakathvachalam Nagar Main Road is Rs 2,350 per sq.ft, effective from 1 July 2024. This road is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class III Type - I.

How the guideline value of Bhakathvachalam Nagar Main Road has changed

Over the years, the guideline value for Bhakathvachalam Nagar Main Road has seen significant changes. In 2003, the value was Rs 256 per sq.ft, which increased to Rs 300 per sq.ft in 2007. Following this, the value surged to Rs 1,407 per sq.ft in 2017, marking a remarkable increase of 369%. The 2023 revision set the value at Rs 2,099 per sq.ft, reflecting a 49% rise from the previous figure. The latest revision in 2024 has increased the value to Rs 2,350 per sq.ft, which is a 12% change from 2023.

It is important to note that the register does not have figures for the years 2002 and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by 818%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, placing Bhakathvachalam Nagar Main Road's 2024 figure above this median.

• Bhakathvachalam Nagar 3rd Cross Street: Rs 2,350 per sq.ft (2024)
• Bhakathvachalam Street: Rs 2,350 per sq.ft (2024)
• Bhakathvachalam Nagar 2nd Cross Street: Rs 2,350 per sq.ft (2024)
• Bhakathvachalam Nagar 1st Cross Street: Rs 2,350 per sq.ft (2024)
• Bazar Street: Rs 1,760 per sq.ft (2024)
• Bharathiya Desiya Sangam Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Bhakathvachalam Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total guideline value amounts to Rs 23,50,000. The stamp duty at 7% would be Rs 1,64,500, and the registration fee at 2% would be Rs 47,000, bringing the total charges to Rs 2,11,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Bhakathvachalam Nagar Main Road?

The Sub Registrar Office that covers Bhakathvachalam Nagar Main Road is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration of property transactions in Anakaputhur. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. The guideline value is set by the Registration Department and is subject to periodic revisions based on various factors.

When you engage in a property transaction, the guideline value ensures that the transaction is recorded accurately, reflecting the official value of the property. This helps in maintaining transparency and standardization in property dealings within the region.

Frequently asked questions

What is the current guideline value of Bhakathvachalam Nagar Main Road?

The current guideline value of Bhakathvachalam Nagar Main Road is Rs 2,350 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 256 per sq.ft in 2003 to Rs 2,350 per sq.ft in 2024, marking an overall increase of 818% over this period.

What are the stamp duty and registration fees for properties on this road?

For a property of 1,000 sq.ft, the total guideline value would be Rs 23,50,000, resulting in a stamp duty of Rs 1,64,500 and a registration fee of Rs 47,000, totaling Rs 2,11,500.

Which office handles registrations for Bhakathvachalam Nagar Main Road?

The Pammal Sub Registrar Office handles registrations for Bhakathvachalam Nagar Main Road, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is revised periodically based on various factors affecting property values in the region.