Guideline Value for Bethel Nagar

Bethel Nagar guideline value

The current guideline value of Bethel Nagar, located in Agraharam Male village under the Poonamallee SRO, is Rs 770 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Bethel Nagar has changed

Bethel Nagar has seen several revisions in its guideline value over the years. The guideline value was Rs 700 per sq.ft in 2023, which increased to Rs 770 per sq.ft in the 2024 revision, marking a change of +10%. Prior to that, in 2017, the guideline value was Rs 469 per sq.ft, reflecting a significant increase of +49% to reach the 2023 figure. The 2012 revision had the guideline value at Rs 700 per sq.ft, which decreased to Rs 469 per sq.ft in 2017, showing a decline of -33%. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by +10%.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Agraharam Male

In Agraharam Male village, 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 guideline value is Rs 770 per sq.ft, which is the same as the guideline value for Bethel Nagar.

• Bethel Nagar Annex: Rs 770 per sq.ft (2024)
• ARK Avenue: 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

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 is charged at 7%, which amounts to Rs 53,900, and the registration fee is charged at 2%, which amounts to Rs 15,400. Together, the total fees would be 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 further calculations.

Which Sub Registrar Office covers Bethel Nagar?

The Sub Registrar Office that covers Bethel Nagar 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 of property transactions in Agraharam Male. When a property is bought or sold, the guideline value helps determine the applicable stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value of Bethel Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2023 to Rs 770 per sq.ft in 2024. It was Rs 469 per sq.ft in 2017 and Rs 700 per sq.ft in 2012.

What is the land classification of Bethel Nagar?

Bethel Nagar is classified as Residential Class I Type - I.

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

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

How are stamp duty and registration fees calculated?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the guideline value. For example, for a 1,000 sq.ft plot at Rs 770 per sq.ft, the total fees would amount to Rs 69,300.