Guideline Value for Bethelpuram 1st Street

Bethelpuram 1st Street guideline value

The current guideline value of Bethelpuram 1st Street is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village under the Selaiyur SRO, classified as Residential Class IV Type - II.

How the guideline value of Bethelpuram 1st Street has changed

The guideline value for Bethelpuram 1st Street has seen several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which was then decreased to Rs 603 per sq.ft in the 2017 revision. Following this, the value increased to Rs 900 per sq.ft in the 2023 revision, and finally, it rose to Rs 950 per sq.ft in the 2024 revision, marking a 6% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 6%. The register has no figures for the revisions in 2002, 2003, and 2007.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing the 2024 figure for Bethelpuram 1st Street below that median.

• Bethelpuram 1st Cross Street: Rs 950 per sq.ft (2024)
• Bethelpuram: Rs 950 per sq.ft (2024)
• Bhagavath Singh Street: Rs 850 per sq.ft (2024)
• Bhagavathy Nagar: Rs 1,600 per sq.ft (2024)
• Bharathamada Street: Rs 4,750 per sq.ft (2024)
• Barath Nagar: Rs 950 per sq.ft (2024)

Stamp duty and registration fee for property in Bethelpuram 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value would be Rs 9,50,000. The stamp duty at 7% would amount to Rs 66,500, and the registration fee at 2% would be Rs 19,000, bringing the total fees together to Rs 85,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bethelpuram 1st Street?

The Sub Registrar Office that covers Bethelpuram 1st Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Selaiyur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value serves as a benchmark for assessing property prices. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Bethelpuram 1st Street?

The current guideline value of Bethelpuram 1st Street is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then to Rs 900 per sq.ft in 2023, and finally to Rs 950 per sq.ft in 2024.

What is the land classification for Bethelpuram 1st Street?

Bethelpuram 1st Street is classified as Residential Class IV Type - II.

What are the stamp duty and registration fees for property in Bethelpuram 1st Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 85,500.

Where is the Sub Registrar Office for Bethelpuram 1st Street located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.