Guideline Value for Bethania street

Bethania street guideline value

The current guideline value of Bethania street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in 5. Athipattu village under the Konnur SRO, classified as Residential Class I Type - II.

How the guideline value of Bethania street has changed

The guideline value for Bethania street has seen several revisions 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. The most recent revision in 2024 raised the value to Rs 2,200 per sq.ft, marking a 10% increase from the previous year. Notably, from 2017 to 2024, the overall increase is 64%.

There are no figures available in the register for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 5. Athipattu

In 5. Athipattu village, the guideline values range from Rs 1,100 to Rs 7,650 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Bethania street is equal to this median.

• Bharathidasan Street (Chelliamman): Rs 2,200 per sq.ft (2024)
• Bazaar Road (ICF Colony): Rs 2,400 per sq.ft (2024)
• Banu Street: Rs 2,200 per sq.ft (2024)
• Bharathi Street: Rs 2,200 per sq.ft (2024)
• Bhavani Salai(Chelliamman nagar): Rs 2,200 per sq.ft (2024)
• B.K. Mugamad Road: Rs 3,601 per sq.ft (2024)

Stamp duty and registration fee for property in Bethania street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to 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. It's important to 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 details.

Which Sub Registrar Office covers Bethania street?

The Sub Registrar Office that covers Bethania street is the Konnur Sub Registrar Office, located at Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value is a crucial factor when registering property transactions in 5. Athipattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the expected value of the property. It is essential to refer to the latest guideline values to ensure compliance with registration regulations.

Frequently asked questions

What is the current guideline value of Bethania street?

The current guideline value of Bethania street 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, reflecting a total increase of 64% over this period.

What are the other streets in 5. Athipattu with their guideline values?

Other streets in 5. Athipattu include Bharathidasan Street (Chelliamman) at Rs 2,200 per sq.ft, Bazaar Road (ICF Colony) at Rs 2,400 per sq.ft, and B.K. Mugamad Road at Rs 3,601 per sq.ft, among others.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value or sale price. For example, a property valued at Rs 22,00,000 would incur a total of Rs 1,98,000 in fees.

Which Sub Registrar Office is responsible for Bethania street?

The Konnur Sub Registrar Office is responsible for Bethania street, located at Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.