Guideline Value for Bethdhel puram

Bethdhel puram guideline value

The current guideline value of Bethdhel puram is Rs 1,320 per sq.ft, effective from 1 July 2024. This area falls under Tambaram village and is classified as Residential Class II Type - I. The property is registered at the Tambaram Joint 1 SRO.

How the guideline value of Bethdhel puram has changed

The guideline value for Bethdhel puram has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 804 per sq.ft. Following this, the value increased significantly to Rs 1,200 per sq.ft in the 2023 revision, and finally rose to Rs 1,320 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%, while the 2012 to 2017 period saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 8,250 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, positioning Bethdhel puram's 2024 figure below that median.

• Bhagavandas street: Rs 4,400 per sq.ft (2024)
• Bemaswaran Koil St: Rs 3,300 per sq.ft (2024)
• Bhagavathsingh Street: Rs 3,300 per sq.ft (2024)
• Bharathidasan Nagar: Rs 2,200 per sq.ft (2024)
• Bharathidasan Nagar Prathana Main Road: Rs 2,200 per sq.ft (2024)
• Bharathi Nagar Jothi Nagar Ext: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Bethdhel puram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Bethdhel puram?

The Sub Registrar Office that covers Bethdhel puram is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the 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 Tambaram

The guideline value is a critical factor when it comes to property registration in Tambaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair valuation of the property. It is essential for buyers to be aware of the guideline value to avoid overpaying and for sellers to set a realistic price based on these values.

Frequently asked questions

What is the current guideline value of Bethdhel puram?

The current guideline value of Bethdhel puram is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024, marking a 10% increase. The value was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012.

What is the land classification of Bethdhel puram?

Bethdhel puram is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Bethdhel puram?

The Sub Registrar Office for Bethdhel puram is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for properties in Bethdhel puram?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 13,20,000 would incur a stamp duty of Rs 92,400 at 7%.