Guideline Value for Bangalore Hihghway Hitech City

Bangalore Hihghway Hitech City guideline value

The current guideline value for Bangalore Hihghway Hitech City is Rs 181 per sq.ft. This property is located in Sigadivakkam village, under the Sunguvarchattram SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Bangalore Hihghway Hitech City has changed

Over the years, the guideline value for Bangalore Hihghway Hitech City has seen several revisions. The 2012 revision set the value at Rs 180 per sq.ft, which was then reduced to Rs 121 per sq.ft in 2017. Following this, the value remained unchanged at Rs 181 per sq.ft in both the 2023 and 2024 revisions. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, there was a significant increase of 50%, bringing the value to Rs 181 per sq.ft. However, from 2023 to 2024, there was no change, maintaining the guideline value at Rs 181 per sq.ft. Overall, when comparing the 2012 and 2024 revisions, there has been a slight increase of 1%.

Guideline values in Sigadivakkam

In Sigadivakkam, there are 11 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 181 to Rs 1,200 per sq.ft, with a median value of Rs 226 per sq.ft. The guideline value for Bangalore Hihghway Hitech City is below this median.

• Bangalore Main Road: Rs 500 per sq.ft (2024)
• Bajanai Koil Street: Rs 226 per sq.ft (2024)
• Kamachiamman Nagar: Rs 226 per sq.ft (2024)
• Kancheepuram Cheenai Road: Rs 500 per sq.ft (2024)
• Kulakkarai Street: Rs 181 per sq.ft (2024)
• Mettu street: Rs 181 per sq.ft (2024)

Stamp duty and registration fee for property in Bangalore Hihghway Hitech City

For a 1,000 sq.ft plot at the current guideline value of Rs 181 per sq.ft, the total guideline value would be Rs 1,81,000. The stamp duty at 7% would amount to Rs 12,670, and the registration fee at 2% would be Rs 3,620, bringing the total fees to Rs 16,290. Duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bangalore Hihghway Hitech City?

The Bangalore Hihghway Hitech City falls under the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Sigadivakkam. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory during the registration process.

It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value for Bangalore Hihghway Hitech City?

The current guideline value for Bangalore Hihghway Hitech City is Rs 181 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 180 per sq.ft in 2012 to Rs 121 per sq.ft in 2017, and then it increased to Rs 181 per sq.ft in both 2023 and 2024. The value has remained stable since 2023.

What is the land classification for Bangalore Hihghway Hitech City?

The land classification for Bangalore Hihghway Hitech City is Residential Class III Type - I.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees by using the stamp duty and registration fee calculator.

Which office handles property registrations for Bangalore Hihghway Hitech City?

The Sunguvarchattram Sub Registrar Office handles property registrations for Bangalore Hihghway Hitech City, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.