Guideline Value for Bangalore Main Road

Bangalore Main Road guideline value

The current guideline value of Bangalore Main Road in Santhavellur_B village is Rs 2,000 per sq.ft, effective from 1 July 2024. This area falls under the Sunguvarchattram SRO and is classified as Commercial Class I Type - I.

How the guideline value of Bangalore Main Road has changed

The guideline value for Bangalore Main Road has seen significant changes over the years. The 2017 revision set the value at Rs 1,340 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 2,000 per sq.ft. The latest revision in 2024 maintained the same value of Rs 2,000 per sq.ft, indicating no change from the previous year. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has increased by 49%. The transition from the 2017 to the 2023 revision saw a notable increase of 49%, while the most recent revision from 2023 to 2024 showed no percentage change.

Guideline values in Santhavellur_B

Within Santhavellur_B, there are 55 streets under the Sunguvarchattram SRO that have a guideline value for 2024, ranging from Rs 200 to Rs 2,000 per sq.ft. The median guideline value in this village is Rs 400 per sq.ft, placing Bangalore Main Road's 2024 figure 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 2,000 per sq.ft, the total guideline value would be Rs 20,00,000. The stamp duty at 7% would amount to Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, bringing the total to Rs 1,80,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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 Caparo Company Opp, 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_B

The guideline value plays a crucial role during the registration process when buying or selling property in Santhavellur_B. It is used to determine the applicable stamp duty and registration fees, which are essential costs in any property transaction.

When a property is registered, the guideline value ensures that the transaction is documented at a fair value, reflecting the prevailing market conditions. Buyers and sellers should be aware of the guideline value to ensure compliance with local regulations and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bangalore Main Road?

The current guideline value of Bangalore Main Road is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,000 per sq.ft in 2024, marking an overall increase of 49%.

What is the median guideline value in Santhavellur_B?

The median guideline value in Santhavellur_B is Rs 400 per sq.ft, with Bangalore Main Road's 2024 figure being significantly above this median.

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

The total stamp duty for a property valued at Rs 20,00,000 would be Rs 1,40,000, and the registration fee would be Rs 40,000, totaling Rs 1,80,000.

Which Sub Registrar Office handles the registration for Bangalore Main Road?

The Sunguvarchattram Sub Registrar Office handles the registration for Bangalore Main Road, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.