Guideline Value for Bangalore Main Road

Bangalore Main Road guideline value

The current guideline value of Bangalore Main Road in Mambakkam village is Rs 1,250 per sq.ft, effective from 1 July 2024. This property falls under the Sunguvarchattram SRO and is classified as Commercial Class I Type - I.

How the guideline value of Bangalore Main Road has changed

Over the years, the guideline value of Bangalore Main Road has seen several revisions. The 2012 revision set the value at Rs 1,250 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 837 per sq.ft. This was a decrease of 33%. However, the value rose significantly by 49% to Rs 1,250 per sq.ft in the 2023 revision, which has remained the same in the 2024 revision, reflecting no change.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, comparing the 2012 and 2024 revisions, the guideline value has not changed, remaining at Rs 1,250 per sq.ft.

Guideline values in Mambakkam

In Mambakkam, there are 39 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,418 per sq.ft, with a median value of Rs 305 per sq.ft. The guideline value for Bangalore Main Road is above this median.

• Colony Bajanai Kovil Street: Rs 275 per sq.ft (2024)
• Colony Kizhandai Street: Rs 200 per sq.ft (2024)
• Colony Melandai Street: Rs 200 per sq.ft (2024)
• Colony Vembulliamman Kovil Street: Rs 200 per sq.ft (2024)
• AnandaValli Nagar: Rs 800 per sq.ft (2024)
• ETA Florence Garden: Rs 500 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 1,250 per sq.ft, the total guideline value amounts to Rs 12,50,000. The stamp duty at 7% would be Rs 87,500, and the registration fee at 2% would be Rs 25,000, making the total cost for these fees Rs 1,12,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bangalore Main Road?

The Bangalore Main Road is covered by 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 details.

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

The guideline value is a crucial factor in the registration process for property transactions in Mambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential for the legal transfer of property ownership. This ensures compliance with local regulations and helps avoid any legal complications in the future.

Frequently asked questions

What is the current guideline value of Bangalore Main Road?

The current guideline value of Bangalore Main Road is Rs 1,250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 1,250 per sq.ft in 2012 to Rs 837 per sq.ft in 2017, then back to Rs 1,250 per sq.ft in 2023 and 2024. Overall, it has remained unchanged from 2012 to 2024.

What is the land classification of Bangalore Main Road?

Bangalore Main Road is classified as Commercial Class I Type - I under the Sunguvarchattram SRO.

What are the other guideline values in Mambakkam?

Other streets in Mambakkam have guideline values ranging from Rs 200 to Rs 1,418 per sq.ft, with the median being Rs 305 per sq.ft. Bangalore Main Road's value is above this median.

Where is the Sunguvarchattram Sub Registrar Office located?

The Sunguvarchattram Sub Registrar Office is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.