Guideline Value for BETHAIAH SALAI

Bethaiah Salai guideline value

The current guideline value of Bethaiah Salai is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village, under the Neelankarai SRO, and is classified as Residential Class V Type - I.

How the guideline value of Bethaiah Salai has changed

The guideline value for Bethaiah Salai has undergone several revisions over the years. The 2007 revision set the value at Rs 500 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2012 revision, followed by a decrease to Rs 670 per sq.ft in 2017. The value then rose significantly to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 120%. The revisions for 2002 and 2003 do not have figures available for this street in the register.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median value is Rs 2,200 per sq.ft, indicating that the guideline value for Bethaiah Salai is below this median.

• Bhakthavedantha Swami Salai: Rs 3,300 per sq.ft (2024)
• Bharathi Avenue: Rs 2,800 per sq.ft (2024)
• Bay Watch Farms 3rd Street: Rs 3,300 per sq.ft (2024)
• Bay Watch Farms 2nd Street: Rs 3,300 per sq.ft (2024)
• Bay Watch Farms 1st Street: Rs 3,300 per sq.ft (2024)
• Bay Watch Farms: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Bethaiah Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to 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 further calculations.

Which Sub Registrar Office covers Bethaiah Salai?

The Sub Registrar Office that covers Bethaiah Salai is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

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

When a property is registered, the guideline value or the sale price is considered, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bethaiah Salai?

The current guideline value of Bethaiah Salai is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 120% over the years.

What are the other streets in Enjambakkam and their guideline values?

Other streets in Enjambakkam include Bhakthavedantha Swami Salai at Rs 3,300 per sq.ft, Bharathi Avenue at Rs 2,800 per sq.ft, and several others at Rs 3,300 per sq.ft.

What are the stamp duty and registration fees for property in Bethaiah Salai?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Where is the Sub Registrar Office for Bethaiah Salai located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.