Guideline Value for Bangalore High Road

Bangalore High Road guideline value

The current guideline value of Bangalore High Road in Nasarathpettai village, under the Poonamallee SRO, is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is classified as Commercial Special Type - I.

How the guideline value of Bangalore High Road has changed

The guideline value for Bangalore High Road has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,500 per sq.ft, and the latest revision in 2024 has raised it to Rs 2,750 per sq.ft. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

Between revisions, there have been significant changes. From 2017 to 2023, the value increased by 49%, while from 2023 to 2024, it rose by 10%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Nasarathpettai

Nasarathpettai has 19 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft, with a median of Rs 1,320 per sq.ft. The guideline value of Bangalore High Road is above this median.

• Bazaar street: Rs 3,300 per sq.ft (2024)
• Bakthavachalam Street: Rs 1,320 per sq.ft (2024)
• Chinna Chetty Street (A) Nehru Street: Rs 1,320 per sq.ft (2024)
• Anbarasu Nagar: Rs 1,320 per sq.ft (2024)
• Golden Friends Smart City: Rs 2,200 per sq.ft (2024)
• Kakkila street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Bangalore High Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making a total of Rs 2,47,500. 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 Bangalore High Road?

The Bangalore High Road is covered by the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Nasarathpettai. 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 registration process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the transaction is recorded accurately and that the appropriate taxes are paid based on the property's guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Bangalore High Road?

The current guideline value of Bangalore High Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What are the stamp duty and registration fees for properties on Bangalore High Road?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which office handles property registrations for Bangalore High Road?

The Poonamallee Sub Registrar Office handles property registrations for Bangalore High Road, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

What is the median guideline value in Nasarathpettai?

The median guideline value in Nasarathpettai is Rs 1,320 per sq.ft, with Bangalore High Road's value being above this median.