Guideline Value for BETHANAIDU STREET (WARD -18)

Bethanaidu Street (Ward -18) guideline value

The current guideline value of Bethanaidu Street (Ward -18) is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Bethanaidu Street (Ward -18) has changed

The guideline value for Bethanaidu Street has seen several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 500 per sq.ft. In 2017, it decreased to Rs 335 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 500 per sq.ft, reflecting a rise of 49%. The latest revision in 2024 set the value at Rs 550 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no recorded figures for Bethanaidu Street in the revisions from the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kattankollatur

Kattankollatur has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, indicating that Bethanaidu Street's 2024 figure is below this median.

• Bharanar Steet (Ward -6): Rs 1,320 per sq.ft (2024)
• Bharathiar Street (Ward -18): Rs 550 per sq.ft (2024)
• Bharathiar Street (Ward -3): Rs 660 per sq.ft (2024)
• Bharathiar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Balaji Nagar (Ward -19): Rs 660 per sq.ft (2024)
• Bhavani Nagar (Per): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Bethanaidu Street (Ward -18)

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bethanaidu Street (Ward -18)?

The Sub Registrar Office that covers Bethanaidu Street (Ward -18) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kattankollatur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. These fees are based on the higher of the guideline value or the sale price, ensuring that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Bethanaidu Street (Ward -18)?

The current guideline value of Bethanaidu Street (Ward -18) is Rs 550 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 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Bethanaidu Street?

The land classification for Bethanaidu Street (Ward -18) is Residential Class II Type - I.

Where can I find the Sub Registrar Office for Bethanaidu Street?

The Sub Registrar Office covering Bethanaidu Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Kattankollatur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property with a guideline value of Rs 5,50,000, the stamp duty would be Rs 38,500 at 7%.