Guideline Value for SOUTH BAKTHAVACHALAM NAGAR 5TH STREET

South Bakthavachalam Nagar 5th Street guideline value

The current guideline value of South Bakthavachalam Nagar 5th Street is Rs 2,345 per sq.ft. This street is located in Thalakanancherry village and falls under the Alandur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of South Bakthavachalam Nagar 5th Street has changed

The guideline value for South Bakthavachalam Nagar 5th Street has remained consistent at Rs 2,345 per sq.ft from the 2017 revision to the 2023 revision, reflecting no change during this period. Prior to 2017, the guideline value was also Rs 2,345 per sq.ft, indicating stability in this figure over the years.

There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street, as the register does not contain any data for those years.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO that have a 2024 guideline value range from Rs 2,200 to Rs 5,500 per sq.ft, with a median value of Rs 3,900 per sq.ft. South Bakthavachalam Nagar 5th Street's current guideline value is Rs 2,345 per sq.ft, which is below the median for the village.

• South Bakthavachalam Nagar 5th Cross Street: Rs 3,900 per sq.ft (2024)
• S I P Colony Extension: Rs 4,400 per sq.ft (2024)
• S I P Colony 3rd Street: Rs 4,400 per sq.ft (2024)
• S I P Colony 2nd Street: Rs 4,400 per sq.ft (2024)
• S I P Colony 1st Street: Rs 4,400 per sq.ft (2024)
• S I P Colony: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in South Bakthavachalam Nagar 5th Street

For a 1,000 sq.ft plot at the current rate of Rs 2,345 per sq.ft, the guideline value amounts to Rs 23,45,000. The stamp duty at 7% would be Rs 1,64,150, and the registration fee at 2% would be Rs 46,900, bringing the total to Rs 2,11,050. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers South Bakthavachalam Nagar 5th Street?

The South Bakthavachalam Nagar 5th Street is covered by the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration process when buying or selling property. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these fees are based on a standardized value rather than the negotiated sale price.

When a property is registered, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of South Bakthavachalam Nagar 5th Street?

The current guideline value of South Bakthavachalam Nagar 5th Street is Rs 2,345 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,345 per sq.ft from the 2017 revision to the 2023 revision. There are no available figures for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street.

What is the registration office for South Bakthavachalam Nagar 5th Street?

The registration office for South Bakthavachalam Nagar 5th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, on a property valued at Rs 23,45,000, the stamp duty would be Rs 1,64,150 at a rate of 7%.

What are the guideline values of other streets in Thalakanancherry?

Other streets in Thalakanancherry have varying guideline values, with rates ranging from Rs 2,200 to Rs 5,500 per sq.ft. For instance, South Bakthavachalam Nagar 5th Cross Street has a guideline value of Rs 3,900 per sq.ft (2024).