Guideline Value for Bangalore Main Road

Bangalore Main Road guideline value

The current guideline value of Bangalore Main Road in Mevaloorkuppam B village is Rs 1,320 per sq.ft, effective from 1 July 2024. This area falls under the Sriperumpudur SRO and is classified as Residential Special Type - I.

How the guideline value of Bangalore Main Road has changed

The guideline value for Bangalore Main Road has seen several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent figures show that in 2023, the guideline value was Rs 1,200 per sq.ft, which increased to Rs 1,320 per sq.ft in 2024, reflecting a change of +10%.

This consistent increase in guideline value indicates a shift in the valuation of properties along this road. The 2024 figure of Rs 1,320 per sq.ft is notably above the median guideline value of Rs 400 per sq.ft for the 84 streets in Mevaloorkuppam B under the Sriperumpudur SRO.

Guideline values in Mevaloorkuppam B

In Mevaloorkuppam B, the guideline values for various streets vary significantly, ranging from Rs 100 to Rs 6,200 per sq.ft. The current value of Bangalore Main Road is higher than the median value of Rs 400 per sq.ft. Below are the guideline values for other streets in Mevaloorkuppam B:

• Bharathi Avenue: Rs 500 per sq.ft (2024)
• Bharathiyar Street: Rs 300 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,320 per sq.ft (2024)
• Bramanar Street: Rs 300 per sq.ft (2024)
• Asari Street: Rs 400 per sq.ft (2024)
• Arul Avenue: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Bangalore Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total charges to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bangalore Main Road?

The Bangalore Main Road is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a significant role during the registration process when buying or selling property in Mevaloorkuppam B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these charges are calculated based on the current valuation of the property.

When a property is sold, the guideline value is considered to ensure that the transaction is registered at a value that reflects the prevailing market conditions. This helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Bangalore Main Road?

The current guideline value of Bangalore Main Road is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024, marking a +10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value for streets in Mevaloorkuppam B?

The median guideline value for the 84 streets in Mevaloorkuppam B is Rs 400 per sq.ft. The guideline value for Bangalore Main Road is above this median.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 13,20,000. The stamp duty at 7% is Rs 92,400, and the registration fee at 2% is Rs 26,400, totaling Rs 1,18,800.

Which office handles registrations for Bangalore Main Road?

The Sriperumpudur Sub Registrar Office manages registrations for Bangalore Main Road, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.