Guideline Value for BathiriMedu Road

BathiriMedu Road guideline value

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

How the guideline value of BathiriMedu Road has changed

The guideline value for BathiriMedu Road 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 2023, marking a 49% increase. The current figure of Rs 2,200 per sq.ft from the 2024 revision reflects a further 10% increase from the previous year.

Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 3,300 per sq.ft. BathiriMedu Road's current value of Rs 2,200 per sq.ft is above the median value of Rs 1,870 per sq.ft for the village.

• Bathiri Medu: 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 BathiriMedu Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty is calculated at 7%, which totals Rs 1,54,000, while the registration fee at 2% amounts to Rs 44,000. Together, the total cost for these fees is Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers BathiriMedu Road?

The Sub Registrar Office covering BathiriMedu Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Mangadu -A. It is used to determine the stamp duty and registration fees, ensuring that these costs are calculated based on the officially recognized value of the property.

When buying or selling property, it is essential to be aware of the guideline value, as it directly impacts the financial obligations associated with the transaction. Buyers should ensure that they are informed of the current rates to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of BathiriMedu Road?

The current guideline value of BathiriMedu Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 64%.

What are the other streets with the same guideline value in Mangadu -A?

Other streets in Mangadu -A with the same guideline value of Rs 2,200 per sq.ft include Balandeeswarar Koil Street, Balamurugan Nagar, BalajiNagar 2, and Balaji Nagar.

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

For a property valued at Rs 22,00,000, the stamp duty is Rs 1,54,000, and the registration fee is Rs 44,000, totaling Rs 1,98,000.

Which office handles property registrations for BathiriMedu Road?

The Kunrathur Sub Registrar Office is responsible for property registrations for BathiriMedu Road, located at No.59, Road Street, Kundrathur, Chennai -600 069.