Guideline Value for SOUTH BAKTHAVACHALAM NAGAR 5TH CROSS STREET

South Bakthavachalam Nagar 5th Cross Street guideline value

The current guideline value for South Bakthavachalam Nagar 5th Cross Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Thalakanancherry village, under the Alandur SRO, and is classified as Residential Class I Type - III.

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

In the 2017 revision, the guideline value was Rs 2,345 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased significantly to Rs 3,900 per sq.ft, marking a 66% rise from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 66%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft, with the median being Rs 3,900 per sq.ft. South Bakthavachalam Nagar 5th Cross Street's 2024 figure aligns with this median.

• 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)
• Sri Lakshmi Street: Rs 4,400 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

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

The Sub Registrar Office that covers South Bakthavachalam Nagar 5th Cross Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thalakanancherry. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When a property is registered, the guideline value is used to determine the applicable fees, which can impact the overall cost of the transaction. Buyers and sellers should be aware of the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

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

The current guideline value of South Bakthavachalam Nagar 5th Cross Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

From 2017 to 2024, the guideline value has increased by 66%, moving from Rs 2,345 per sq.ft to Rs 3,900 per sq.ft.

Which Sub Registrar Office should I visit for property transactions in this area?

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

What is the median guideline value for streets in Thalakanancherry?

The median guideline value for streets in Thalakanancherry is Rs 3,900 per sq.ft, with values ranging from Rs 2,200 to Rs 5,500 per sq.ft in 2024.

How is stamp duty calculated for properties in South Bakthavachalam Nagar 5th Cross Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 2,73,000.