Guideline Value for Bethel Nagar Annex

Bethel Nagar Annex guideline value

The current guideline value of Bethel Nagar Annex is Rs 770 per sq.ft. This area is located in Agraharam Male village and falls under the Poonamallee SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Bethel Nagar Annex has changed

The guideline value for Bethel Nagar Annex has undergone several revisions over the years. In the 2017 revision, the value was Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in the 2023 revision. The most recent revision in 2024 set the value at Rs 770 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The 2023 to 2024 revision saw a 10% increase, while the increase from 2017 to 2023 was 49%.

Guideline values in Agraharam Male

In Agraharam Male, there are 16 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 1,400 per sq.ft. The median value is Rs 770 per sq.ft, which is equal to the guideline value for Bethel Nagar Annex.

• Bethel Nagar: Rs 770 per sq.ft (2024)
• ARK Aveune: Rs 770 per sq.ft (2024)
• Grace Garden: Rs 770 per sq.ft (2024)
• Mid Town Avenue: Rs 1,100 per sq.ft (2024)
• Shaloom Avenue: Rs 770 per sq.ft (2024)
• Sri Chethan Avenue: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Bethel Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total charges to Rs 69,300. It is 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 Bethel Nagar Annex?

The Sub Registrar Office that covers Bethel Nagar Annex is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Agraharam Male. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable charges. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Bethel Nagar Annex?

The current guideline value of Bethel Nagar Annex is Rs 770 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 64%, from Rs 469 per sq.ft to Rs 770 per sq.ft in 2024.

What is the stamp duty rate for property in Bethel Nagar Annex?

The stamp duty rate for property transactions in Bethel Nagar Annex is 7% of the higher value between the guideline value and the sale price.

Where can I find the Sub Registrar Office for Bethel Nagar Annex?

The Sub Registrar Office for Bethel Nagar Annex is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

What are the guideline values for other streets in Agraharam Male?

Other streets in Agraharam Male have guideline values ranging from Rs 550 to Rs 1,400 per sq.ft, with several streets, including Bethel Nagar, having a value of Rs 770 per sq.ft for 2024.