Guideline Value for Bethelpuram

Bethelpuram guideline value

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

How the guideline value of Bethelpuram has changed

The guideline value for Bethelpuram has undergone several revisions over the years. In 2007, the value was Rs 450 per sq.ft, which increased to Rs 900 per sq.ft in 2012. However, it saw a decrease to Rs 603 per sq.ft in 2017. The value then rose significantly to Rs 900 per sq.ft in the 2023 revision, and as of 2024, it is now Rs 950 per sq.ft. The register has no figures for Bethelpuram for the years 2002 and 2003.

Between the revisions, the changes are notable. From 2007 to 2012, there was a 100% increase, followed by a 33% decrease from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and from 2023 to 2024, it has risen by 6%. Overall, from 2007 to 2024, the guideline value has increased by 111%.

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 Bethelpuram's 2024 figure below this median.

• Bethelpuram 1st Cross Street: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value amounts to Rs 9,50,000. The stamp duty at 7% would be Rs 66,500, and the registration fee at 2% would be Rs 19,000, leading to a total cost of 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bethelpuram?

The Sub Registrar Office covering Bethelpuram 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 serves as a benchmark for property transactions in Selaiyur. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

During the registration process, the guideline value is compared to the sale price of the property. The higher of the two values is taken into account for calculating the applicable duties and fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Bethelpuram?

The current guideline value of Bethelpuram 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 various changes, increasing from Rs 450 per sq.ft in 2007 to Rs 950 per sq.ft in 2024, with notable fluctuations in between.

What is the registration office for Bethelpuram?

The registration office for Bethelpuram is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

How is stamp duty calculated for properties in Bethelpuram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at Rs 950 per sq.ft would incur a stamp duty of Rs 66,500.

What are the guideline values for other streets in Selaiyur?

Other streets in Selaiyur have varying guideline values, ranging from Rs 850 to Rs 6,500 per sq.ft, with several streets listed at Rs 950 per sq.ft in the 2024 revision.