Guideline Value for BATHEL NAGAR

Bathel Nagar guideline value

The current guideline value of Bathel Nagar, located in Venmanamputhur village, is Rs 200 per sq.ft, effective from the 2024 revision. This area falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class II Type - II.

How the guideline value of Bathel Nagar has changed

Over the years, the guideline value for Bathel Nagar has seen several revisions. The earliest recorded figure is from 2012, where it was set at Rs 200 per sq.ft. In 2017, the value decreased to Rs 134 per sq.ft, marking a decline of 33%. However, by the 2023 revision, it had increased to Rs 200 per sq.ft, which remained unchanged in the 2024 revision, resulting in a 49% increase from 2017 to 2023.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has shown no change, remaining at Rs 200 per sq.ft.

Guideline values in Venmanamputhur

In Venmanamputhur, there are 54 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 400 per sq.ft, with a median of Rs 200 per sq.ft. Bathel Nagar's 2024 figure aligns with this median.

• Chelliyamman Nagar & Annex: Rs 200 per sq.ft (2024)
• Asta Lakshmi Nagar: Rs 200 per sq.ft (2024)
• Arumuga Nagar / Annex: Rs 200 per sq.ft (2024)
• Danraj Nagar(S.No.-273.274/1.2): Rs 200 per sq.ft (2024)
• Annai Nagar: Rs 200 per sq.ft (2024)
• D.S.N. Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Bathel Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Bathel Nagar?

The Sub Registrar Office covering Bathel Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Venmanamputhur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the authorities will assess the guideline value to ensure that the correct fees are collected. This value helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Bathel Nagar?

The current guideline value of Bathel Nagar is Rs 200 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft in 2024 and 2023, increased from Rs 134 per sq.ft in 2017, and was Rs 200 per sq.ft in 2012. There are no figures for the years 2002, 2003, and 2007.

What is the classification of land in Bathel Nagar?

Bathel Nagar is classified as Residential Class II Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Bathel Nagar?

For a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 2,00,000, with a stamp duty of Rs 14,000 and a registration fee of Rs 4,000, totaling Rs 18,000.

Where is the Sub Registrar Office for Bathel Nagar located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.