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 Panangottur village and falls under the Chengleput Joint II SRO, classified as Residential Class II Type - I.

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

Over the years, the guideline value of Bethanaidu Street has seen several revisions. The earliest recorded value was Rs 500 per sq.ft in 2012. This figure remained the same until 2017 when it decreased to Rs 335 per sq.ft. Following this, the value rose significantly to Rs 500 per sq.ft in 2023, and then to Rs 550 per sq.ft in 2024, marking a 10% increase from the previous year. The register has no figure for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 990 per sq.ft, placing Bethanaidu Street's 2024 figure below that 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 rate of Rs 550 per sq.ft, the 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. You can use the stamp duty and registration fee calculator for more information.

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 details.

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

The guideline value is a crucial factor when buying or selling property in Panangottur, as it determines the minimum price at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory for property transactions.

When a property is sold, the guideline value is compared with the sale price. The higher of the two values is used for calculating the applicable duties and fees, ensuring 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 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 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?

Bethanaidu Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find more information about the Chengleput Joint II SRO?

More information about the Chengleput Joint II SRO can be found at the Sub Registrar Office located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can also find your SRO online.

How is stamp duty calculated for properties in Bethanaidu Street?

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