Guideline Value for P.W.D. Bangalamedu 4th Street

P.W.D. Bangalamedu 4th Street guideline value

The current guideline value of P.W.D. Bangalamedu 4th Street is Rs 500 per sq.ft, as per the 2023 revision. This street falls under the Nallur_2 village and is registered with the Redhills SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of P.W.D. Bangalamedu 4th Street has changed

The guideline value for P.W.D. Bangalamedu 4th Street has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 335 per sq.ft. This was a notable increase from the previous revisions, with the current value of Rs 500 per sq.ft reflecting a 49% increase from 2017 to 2023. There are no figures available for the revisions in 2024, 2012, 2007, 2003, and 2002 for this street.

To summarize, the guideline value has progressed from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023. The absence of figures for earlier revisions indicates that the guideline value has not been established for those years.

Guideline values in Nallur_2

Currently, there are no specific guideline values provided for other streets in Nallur_2 under the Redhills SRO.

Stamp duty and registration fee for property in P.W.D. Bangalamedu 4th 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 at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. It is important to note that 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 further calculations.

Which Sub Registrar Office covers P.W.D. Bangalamedu 4th Street?

The Sub Registrar Office that covers P.W.D. Bangalamedu 4th Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nallur_2. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation rather than the sale price.

When a property transaction occurs, the guideline value is used to determine the applicable duties. Buyers should be aware that the stamp duty and registration fees are charged on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of P.W.D. Bangalamedu 4th Street?

The current guideline value of P.W.D. Bangalamedu 4th 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 49% increase.

Are there any guideline values for previous years?

There are no guideline values available for the revisions in 2024, 2012, 2007, 2003, and 2002 for P.W.D. Bangalamedu 4th Street.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 at a rate of 7%.

Where can I find the Sub Registrar Office for P.W.D. Bangalamedu 4th Street?

The Sub Registrar Office for P.W.D. Bangalamedu 4th Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.