Guideline Value for Bethelpuram 1st Cross Street

Bethelpuram 1st Cross Street guideline value

The current guideline value of Bethelpuram 1st Cross Street is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village and falls under the Selaiyur SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Bethelpuram 1st Cross Street has changed

The guideline value for Bethelpuram 1st Cross Street has undergone several revisions over the years. In 2012, the guideline value was Rs 900 per sq.ft, which remained unchanged until the next revision in 2017, where it decreased to Rs 603 per sq.ft. Following this, there was a significant increase to Rs 900 per sq.ft in 2023, and the most recent revision in 2024 has set the value at Rs 950 per sq.ft, marking a 6% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 6%. The changes between the revisions include a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. Bethelpuram 1st Cross Street's current guideline value of Rs 950 per sq.ft is below this median.

• Bethelpuram: Rs 950 per sq.ft (2024)
• Bethelpuram 1st Street: 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 Cross 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 cost for these fees to Rs 85,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Bethelpuram 1st Cross Street?

The Sub Registrar Office covering Bethelpuram 1st Cross 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 a critical factor in property transactions in Selaiyur, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. 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 Bethelpuram 1st Cross Street?

The current guideline value of Bethelpuram 1st Cross 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 seen several revisions, with the most recent increase from Rs 900 per sq.ft in 2023 to Rs 950 per sq.ft in 2024, reflecting a 6% increase. The value was Rs 603 per sq.ft in 2017 and Rs 900 per sq.ft in 2012.

What are the stamp duty and registration fees for property transactions?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, for a property valued at Rs 9,50,000, the total stamp duty would be Rs 66,500, and the registration fee would be Rs 19,000.

Which Sub Registrar Office should I visit for property registration?

The Selaiyur Sub Registrar Office is responsible for property registrations in Bethelpuram 1st Cross Street. It is located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification for Bethelpuram 1st Cross Street?

Bethelpuram 1st Cross Street is classified as Residential Class IV Type - II, which indicates its suitability for residential development under local regulations.