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 Sattamangalam 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 register shows that in 2012, the guideline value was Rs 500 per sq.ft. This figure remained the same until 2017 when it dropped to Rs 335 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 500 per sq.ft. The latest revision in 2024 has set the value at Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Bethanaidu Street. Overall, comparing the figures from 2012 to 2024, there has been a total increase of 10% in the guideline value.

Guideline values in Sattamangalam

In Sattamangalam village, there are 425 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Bethanaidu Street's current guideline value of Rs 550 per sq.ft 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 would be 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, bringing the total fees to 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 information on calculating fees, 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, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sattamangalam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware of this value as it influences the stamp duty and registration fees they will incur during the transaction.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that the government receives the necessary revenue from property transactions. Therefore, it is essential for both buyers and sellers to stay informed about the current guideline value in their respective areas.

Frequently asked questions

What is the current guideline value of Bethanaidu Street?

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?

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

Where can I find the registration office for Bethanaidu Street?

The registration office for Bethanaidu Street (Ward -18) 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 Sattamangalam?

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