Guideline Value for Bethar Street

Bethar Street guideline value

The current guideline value of Bethar Street in Periyakuppam village is Rs 550 per sq.ft, effective from 1 July 2024. This street falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class III Type - I.

How the guideline value of Bethar Street has changed

The guideline value for Bethar Street has seen several revisions over the years. In the 2007 revision, the value was set at Rs 200 per sq.ft, which increased to Rs 500 per sq.ft in 2012, marking a significant rise of 150%. However, in 2017, the value decreased to Rs 335 per sq.ft, reflecting a drop of 33%. The 2023 revision brought it back up to Rs 500 per sq.ft, and the most recent revision in 2024 set the value at Rs 550 per sq.ft, an increase of 10% from the previous year. The register has no figures for the years 2002 and 2003 for this street.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 175%. The changes between the revisions highlight the fluctuations in the valuation of Bethar Street over the years.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,300 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Bethar Street is below this median.

• Bala Vinayagar Nagar: Rs 1,320 per sq.ft (2024)
• Bhavani Nagar: Rs 879 per sq.ft (2024)
• Bypass Road (Mungil Udayar Thirumanamandapam Varai): Rs 3,300 per sq.ft (2024)
• Bai - Pass Road: Rs 3,300 per sq.ft (2024)
• Cheran Street: Rs 550 per sq.ft (2024)
• Ayyanar Avenue: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Bethar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bethar Street?

The Sub Registrar Office that covers Bethar Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Periyakuppam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is recorded accurately within the legal framework.

Frequently asked questions

What is the current guideline value of Bethar Street?

The current guideline value of Bethar Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, reflecting an overall increase of 175% over the years.

What is the land classification of Bethar Street?

Bethar Street is classified as Residential Class III Type - I under the Tiruvallur Joint 1 SRO.

What are the other streets in Periyakuppam with their guideline values?

Other streets in Periyakuppam include Bala Vinayagar Nagar at Rs 1,320 per sq.ft, Bhavani Nagar at Rs 879 per sq.ft, and Cheran Street at Rs 550 per sq.ft, among others.

Where can I find the Sub Registrar Office for Bethar Street?

The Sub Registrar Office for Bethar Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.