Guideline Value for Bathiri Medu

Bathiri Medu guideline value

The current guideline value of Bathiri Medu is Rs 2,200 per sq.ft, effective from 1 July 2024. Bathiri Medu is located in Mangadu -A village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Bathiri Medu has changed

The guideline value for Bathiri Medu has seen significant changes over the years. The 2017 revision set the value at Rs 1,340 per sq.ft, which increased to Rs 2,000 per sq.ft in the 2023 revision, marking a 49% rise. From 2023 to 2024, the value increased by 10%, bringing it to the current rate of Rs 2,200 per sq.ft.

There are no figures available for the years 2002, 2003, 2007, and 2012 for Bathiri Medu. Overall, from 2017 to 2024, the guideline value has risen by 64%.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,870 per sq.ft, making Bathiri Medu's 2024 figure of Rs 2,200 per sq.ft higher than the median.

• BathiriMedu Road: Rs 2,200 per sq.ft (2024)
• Balandeeswarar Koil Street: Rs 2,200 per sq.ft (2024)
• Balamurugan Nagar: Rs 2,200 per sq.ft (2024)
• BalajiNagar 2: Rs 2,200 per sq.ft (2024)
• Balaji Nagar: Rs 2,200 per sq.ft (2024)
• Balaji Avenue: Rs 1,870 per sq.ft (2024)

Stamp duty and registration fee for property in Bathiri Medu

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. 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 detailed calculations.

Which Sub Registrar Office covers Bathiri Medu?

The Sub Registrar Office that covers Bathiri Medu is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value plays a crucial role in the registration process when buying or selling property in Mangadu -A. It is used to determine the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is assessed to ensure that the appropriate fees are collected. This value is essential for both buyers and sellers to understand, as it directly impacts the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Bathiri Medu?

The current guideline value of Bathiri Medu is Rs 2,200 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 2,200 per sq.ft in 2024, representing a total increase of 64% over this period.

What is the land classification for Bathiri Medu?

Bathiri Medu is classified as Residential Special Type - I under the Kunrathur SRO.

What are the stamp duty and registration fees for property in Bathiri Medu?

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a plot of 1,000 sq.ft, the total fees would amount to Rs 1,98,000.

Where is the Sub Registrar Office for Bathiri Medu located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069, and it covers Bathiri Medu.