Guideline Value for Bypass Road

Bypass Road guideline value

The current guideline value of Bypass Road in Padoor village is Rs 200 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class I Type - I land classification and is registered with the Sunguvarchattram SRO.

How the guideline value of Bypass Road has changed

The guideline value for Bypass Road has experienced several revisions over the years. The earliest revision available is from 2012, where the value was Rs 200 per sq.ft. This remained unchanged until the next revision in 2017, where it decreased to Rs 134 per sq.ft, marking a drop of 33%. The value then increased significantly to Rs 200 per sq.ft in 2023 and has remained the same in the 2024 revision, showing no change from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has not changed, remaining at Rs 200 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Padoor

In Padoor village, there are 22 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,700 per sq.ft, with a median value of Rs 705 per sq.ft. Bypass Road's current guideline value is below this median.

• Breeze county: Rs 600 per sq.ft (2024)
• Bhajanai koil street: Rs 200 per sq.ft (2024)
• Amman Koil Street: Rs 200 per sq.ft (2024)
• Ambethkar Street: Rs 200 per sq.ft (2024)
• Indra Street: Rs 200 per sq.ft (2024)
• Madha Koil Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Bypass Road

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value is Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, together totaling Rs 18,000. It is important to note that the 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 Bypass Road?

The Sub Registrar Office that covers Bypass Road is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Padoor, the guideline value is a crucial factor as it determines the minimum value at which the property can be registered. This value is used to calculate the stamp duty and registration fees applicable during the transaction.

It is essential for buyers and sellers to be aware of the guideline value as it influences the overall cost of the transaction. The registration process requires adherence to these values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Bypass Road?

The current guideline value of Bypass Road is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained Rs 200 per sq.ft from 2012 to 2024, with a decrease to Rs 134 per sq.ft in 2017 and an increase back to Rs 200 per sq.ft in 2023.

What is the median guideline value in Padoor?

The median guideline value for the 22 streets in Padoor is Rs 705 per sq.ft, with Bypass Road's value being below this median.

What are the stamp duty and registration fees for property in Bypass Road?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Which office handles registrations for Bypass Road?

The Sunguvarchattram Sub Registrar Office is responsible for handling registrations for Bypass Road, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.