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 Peramanoor 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 undergone several revisions over the years. The 2012 revision set the guideline value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft, marking a reduction of 33%. However, the following revisions saw significant increases; by 2023, the value rose to Rs 600 per sq.ft, and then it increased by 10% to Rs 660 per sq.ft in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 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 660 per sq.ft (2024)
• Bharathiar Street (Ward -3): Rs 661 per sq.ft (2024)
• Bharathiar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Bharathi Nagar: Rs 660 per sq.ft (2024)
• Balaji Nagar (Ward -19): Rs 661 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 would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total charges to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Peramanoor. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

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 for Bethanaidu Street?

Over the years, the guideline value of Bethanaidu Street has seen several revisions, with the most recent being an increase from Rs 600 per sq.ft in 2023 to Rs 660 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, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Bethanaidu Street?

The stamp duty for a property valued at Rs 6,60,000 would be Rs 46,200, while the registration fee would be Rs 13,200, totaling Rs 59,400 for a 1,000 sq.ft plot.

Which office handles the registration for Bethanaidu Street?

The registration for Bethanaidu Street (Ward -18) is handled by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.