Guideline Value for P.W.D. Bangalamedu 2nd Street

P.W.D. Bangalamedu 2nd Street guideline value

The current guideline value for P.W.D. Bangalamedu 2nd Street is Rs 500 per sq.ft, as per the 2023 revision. This street falls under the Nallur_2 village and is classified as Residential Class II Type - I. The relevant Sub Registrar Office for this area is the Redhills SRO.

How the guideline value of P.W.D. Bangalamedu 2nd Street has changed

The guideline value for P.W.D. Bangalamedu 2nd Street has seen changes over the years. In the 2017 revision, it was set at Rs 335 per sq.ft. The most recent revision in 2023 increased this value to Rs 500 per sq.ft, marking a significant rise of 49% from the previous figure.

There are no figures available for the years 2024, 2012, 2007, 2003, and 2002 in the register for this street. Therefore, the only revisions with values are from 2017 and 2023.

Guideline values in Nallur_2

Currently, there are no specific village figures available for Nallur_2. P.W.D. Bangalamedu 2nd Street is the only street mentioned under this classification. There are no other streets in Nallur_2 under the Redhills SRO.

Stamp duty and registration fee for property in P.W.D. Bangalamedu 2nd Street

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value amounts to Rs 5,00,000. The stamp duty, calculated at 7%, would be Rs 35,000, while the registration fee at 2% would be Rs 10,000. Together, the total fees would amount to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers P.W.D. Bangalamedu 2nd Street?

The P.W.D. Bangalamedu 2nd Street is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. For further assistance, you can find your SRO.

How the guideline value is used when you buy or sell in Nallur_2

The guideline value is a crucial factor when registering property transactions in Nallur_2. It serves as a benchmark for determining the minimum value of a property for the purpose of calculating stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately in the official register. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of P.W.D. Bangalamedu 2nd Street?

The current guideline value of P.W.D. Bangalamedu 2nd Street is Rs 500 per sq.ft as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 335 per sq.ft to Rs 500 per sq.ft, which is a rise of 49%.

Are there any guideline values available for the years 2002, 2003, 2007, 2012, and 2024?

The register does not have any figures for the years 2002, 2003, 2007, 2012, and 2024 for P.W.D. Bangalamedu 2nd Street.

What is the registration office for P.W.D. Bangalamedu 2nd Street?

The registration office for P.W.D. Bangalamedu 2nd Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in P.W.D. Bangalamedu 2nd Street?

Stamp duty for properties in P.W.D. Bangalamedu 2nd Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total stamp duty would be Rs 35,000 based on the current guideline value.