Guideline Value for BETHANAIDU STREET (WARD -18)

Bethanaidu Street (Ward -18) guideline value

The current guideline value of Bethanaidu Street (Ward -18) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village, under the Chengleput Joint II SRO, and falls under the Residential Class I Type - III land classification.

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

The guideline value for Bethanaidu Street has undergone several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 600 per sq.ft. This remained the same until the 2017 revision, which saw a decrease to Rs 402 per sq.ft. In 2023, the value increased to Rs 600 per sq.ft, and the latest revision in 2024 set it at Rs 660 per sq.ft, marking a 10% increase from the previous year.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ninna Karai

In Ninna Karai village, there are 449 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Bethanaidu Street's 2024 figure below this median.

• Bharanar Steet (Ward -6): Rs 1,321 per sq.ft (2024)
• Bharathiar Street (Ward -18): Rs 660 per sq.ft (2024)
• Bharathiar Street (Ward -3): Rs 660 per sq.ft (2024)
• Bharathiar Street (Ward -6): Rs 1,321 per sq.ft (2024)
• Bharathi Nagar: Rs 660 per sq.ft (2024)
• Balaji Nagar (Ward -19): 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 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, making the total fees Rs 59,400. 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 more details.

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, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration of property transactions in Ninna Karai. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a property is sold, the guideline value is compared to the actual sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the correct revenue from property transactions.

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 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 660 per sq.ft in 2024, with various revisions in between, including a decrease to Rs 402 per sq.ft in 2017 and an increase to Rs 600 per sq.ft in 2023.

What are the stamp duty rates for property in Bethanaidu Street (Ward -18)?

The stamp duty for property transactions in Bethanaidu Street (Ward -18) is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Bethanaidu Street (Ward -18)?

The Chengleput Joint II Sub Registrar Office covers Bethanaidu Street (Ward -18) and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the median guideline value in Ninna Karai?

The median guideline value for streets in Ninna Karai is Rs 1,100 per sq.ft, while the guideline value for Bethanaidu Street is below this median at Rs 660 per sq.ft.