Guideline Value for Bangalore Main Road

Bangalore Main Road guideline value

The current guideline value of Bangalore Main Road in Vettavedagai village is Rs 500 per sq.ft, effective from 1 July 2024. This property falls under the jurisdiction of the Sunguvarchattram 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 undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 500 per sq.ft. In 2017, the value was revised to Rs 335 per sq.ft, marking a decrease of 33%. However, this value increased significantly to Rs 500 per sq.ft in both the 2023 and 2024 revisions, representing a 49% increase from 2017 to 2023, but no change from 2023 to 2024.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, the guideline value from 2012 to 2024 remains unchanged at Rs 500 per sq.ft.

Guideline values in Vettavedagai

In Vettavedagai, there are five streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 500 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Bangalore Main Road's 2024 figure above this median.

• Church Street: Rs 200 per sq.ft (2024)
• Gandhi Nagar: Rs 200 per sq.ft (2024)
• New Colony: Rs 200 per sq.ft (2024)
• Perumal Kovil Street: Rs 200 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 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. 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 falls under the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Vettavedagai. It serves as a benchmark for calculating stamp duty and registration fees that buyers must pay during the registration process.

When a property is sold, the guideline value ensures that the transaction is recorded accurately and transparently, reflecting the official value set by the authorities. This helps in maintaining consistency and fairness in property dealings within the area.

Frequently asked questions

What is the current guideline value of Bangalore Main Road?

The current guideline value of Bangalore Main Road in Vettavedagai village is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revisions in 2023 and 2024 maintaining the value at Rs 500 per sq.ft. The value decreased to Rs 335 per sq.ft in 2017 from Rs 500 per sq.ft in 2012, but has since returned to Rs 500 per sq.ft.

What are the guideline values of other streets in Vettavedagai?

In Vettavedagai, other streets under the Sunguvarchattram SRO have a 2024 guideline value of Rs 200 per sq.ft. These streets include Church Street, Gandhi Nagar, New Colony, and Perumal Kovil Street.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot at Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000, resulting in a total stamp duty and registration fee of Rs 45,000.

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

The Sunguvarchattram Sub Registrar Office covers Bangalore Main Road and is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find more details online.