Guideline Value for Bangalore Main Road

Bangalore Main Road guideline value

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

How the guideline value of Bangalore Main Road has changed

In the 2017 revision, the guideline value for Bangalore Main Road was set at Rs 1,340 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 2,000 per sq.ft. As of the 2024 revision, the guideline value remains at Rs 2,000 per sq.ft, indicating no change from the previous year.

Between 2017 and 2023, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has also increased by 49%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Santhavellur_C

In Santhavellur_C, there are 52 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 2,000 per sq.ft. The median value for these streets is Rs 350 per sq.ft, placing Bangalore Main Road's 2024 figure above that 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 amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, making the total cost for these fees Rs 1,80,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for further assistance.

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_C

When buying or selling property in Santhavellur_C, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. It is essential to refer to the current guideline value to ensure compliance with local regulations during the registration process.

The guideline value serves as a benchmark for property transactions, helping to standardize the valuation of properties in the area. Buyers and sellers should be aware of the guideline value to ensure accurate financial planning and adherence to legal requirements.

Frequently asked questions

What is the current guideline value of Bangalore Main Road?

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

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49% to Rs 2,000 per sq.ft in the 2024 revision. There was no change in the value from 2023 to 2024.

What is the median guideline value in Santhavellur_C?

The median guideline value for the 52 streets in Santhavellur_C is Rs 350 per sq.ft. Bangalore Main Road's value of Rs 2,000 per sq.ft is above this median.

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

For a plot of 1,000 sq.ft at the guideline value of Rs 2,000 per sq.ft, the total guideline value is Rs 20,00,000. The stamp duty would be Rs 1,40,000 and the registration fee Rs 40,000, totaling Rs 1,80,000.

Which office covers the registration for Bangalore Main Road?

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