Guideline Value for Bangalore Main Road

Bangalore Main Road guideline value

The current guideline value of Bangalore Main Road in Santhavellur village, under the Sunguvarchattram SRO, is Rs 2,005 per sq.ft, effective from 1 July 2024. This classification falls under Commercial Class I Type - I.

How the guideline value of Bangalore Main Road has changed

The guideline value of Bangalore Main Road has undergone several revisions over the years. The earliest recorded revision was in 2012, where the value was set at Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,340 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 2,000 per sq.ft. In the latest revision for 2024, the value has slightly increased to Rs 2,005 per sq.ft, showing no change from the previous year.

It is important to note that the register has no figures for the revisions in 2002, 2003, and 2007 for this street. Overall, when comparing the values from 2012 to 2024, there has been no net change, maintaining the value at Rs 2,005 per sq.ft in 2024.

Guideline values in Santhavellur

In Santhavellur, there are 63 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 200 to Rs 2,800 per sq.ft. The median value for these streets is Rs 500 per sq.ft, placing Bangalore Main Road's 2024 value above this median.

• Anubav greenland: Rs 850 per sq.ft (2024)
• Annai Velankanni Nagar: Rs 700 per sq.ft (2024)
• Andal nagar Extension: Rs 500 per sq.ft (2024)
• Andal Nagar: Rs 400 per sq.ft (2024)
• Ambethkar Street: Rs 200 per sq.ft (2024)
• Ambal Nagar: Rs 400 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 2,005 per sq.ft, the total guideline value amounts to Rs 20,05,000. The stamp duty at 7% would be Rs 1,40,350, while the registration fee at 2% would be Rs 40,100. Together, the total cost for stamp duty and registration fee would be Rs 1,80,450. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, 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 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 Santhavellur

The guideline value plays a crucial role during the registration process of property transactions in Santhavellur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid upon the transfer of property ownership.

When buying or selling property, it is essential to be aware of the guideline value as it directly impacts the financial obligations associated with the registration. The guideline value ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Bangalore Main Road?

The current guideline value of Bangalore Main Road in Santhavellur village is Rs 2,005 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 in 2023, and finally to Rs 2,005 in 2024. There was a significant increase of 49% from 2017 to 2023.

What are the other streets in Santhavellur and their guideline values?

Other streets in Santhavellur include Anubav greenland at Rs 850 per sq.ft, Annai Velankanni Nagar at Rs 700 per sq.ft, and several others with varying rates. The guideline values range from Rs 200 to Rs 2,800 per sq.ft.

What is the stamp duty rate for properties in Bangalore Main Road?

The stamp duty rate for properties in Bangalore Main Road is 7% of the guideline value or sale price, whichever is higher. The registration fee is charged at 2%.

Where can I find the Sub Registrar Office for Bangalore Main Road?

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