Guideline Value for Bangalore National Highway

Bangalore National Highway guideline value

The current guideline value of Bangalore National Highway in Ponthoor village is Rs 600 per sq.ft, effective from 1 July 2024. This street falls under the Sriperumpudur SRO and is classified as Residential Special Type - I.

How the guideline value of Bangalore National Highway has changed

The guideline value for Bangalore National Highway has seen several revisions over the years. In 2012, the value was set at Rs 600 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 402 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 600 per sq.ft. The 2024 revision maintains this rate with no change from the previous year.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 600 per sq.ft.

Guideline values in Ponthoor

Ponthoor village has a total of 79 streets under the Sriperumpudur SRO, with 2024 guideline values ranging from Rs 200 to Rs 2,239 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing the Bangalore National Highway guideline value above this median.

• Avaram Poo Street: Rs 300 per sq.ft (2024)
• Chandra Avenue: Rs 1,206 per sq.ft (2024)
• Chellasamy Nagar: Rs 300 per sq.ft (2024)
• Arket Poo Street: Rs 300 per sq.ft (2024)
• Anna nagar: Rs 402 per sq.ft (2024)
• Anichampoo Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Bangalore National Highway

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees together to Rs 54,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Bangalore National Highway?

The Bangalore National Highway is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ponthoor. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value for Bangalore National Highway?

The current guideline value for Bangalore National Highway is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023 and 2024. There were no figures available for the years 2002, 2003, and 2007.

What is the stamp duty for property in Bangalore National Highway?

The stamp duty for property in Bangalore National Highway is 7% of the guideline value or the sale price, whichever is higher. For a plot valued at Rs 6,00,000, the stamp duty would be Rs 42,000.

What are the registration fees for property transactions?

The registration fee is 2% of the guideline value or the sale price, whichever is higher. For the same Rs 6,00,000 property, the registration fee would be Rs 12,000.

Which office handles registrations for Bangalore National Highway?

The Sriperumpudur Sub Registrar Office handles registrations for Bangalore National Highway. It is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.