Guideline Value for BATCHA GARDEN I LANE

Batcha Garden I Lane guideline value

The current guideline value of Batcha Garden I Lane is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village under the Mylapore SRO, classified as Residential Class V Type - III.

How the guideline value of Batcha Garden I Lane has changed

The guideline value for Batcha Garden I Lane has undergone several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 2,010 per sq.ft. The value remained at Rs 3,000 per sq.ft until the 2023 revision, which increased it to Rs 3,000 per sq.ft. The most recent revision in 2024 raised the guideline value to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Mylapore

In Mylapore village, there are 883 streets under the Mylapore SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft, with a median value of Rs 8,800 per sq.ft. The guideline value for Batcha Garden I Lane is below this median.

• Batcha Garden II Lane: Rs 3,300 per sq.ft (2024)
• Batsha Garden: Rs 4,900 per sq.ft (2024)
• Baskarapuram: Rs 13,200 per sq.ft (2024)
• Bawa Salai: Rs 8,800 per sq.ft (2024)
• Bazaar Lane: Rs 4,900 per sq.ft (2024)
• Bazaar Road: Rs 8,200 per sq.ft (2024)

Stamp duty and registration fee for property in Batcha Garden I Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total costs together to Rs 2,97,000. 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 Batcha Garden I Lane?

The Sub Registrar Office that covers Batcha Garden I Lane is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling properties in Mylapore. It is used to determine the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is sold, the guideline value is considered the minimum value for calculating these fees. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, ensuring that the registration office has a fair assessment of the property's worth.

Frequently asked questions

What is the current guideline value of Batcha Garden I Lane?

The current guideline value of Batcha Garden I Lane is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen various changes, starting from Rs 3,000 per sq.ft in 2012, decreasing to Rs 2,010 per sq.ft in 2017, and then increasing to Rs 3,300 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Batcha Garden I Lane?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for Batcha Garden I Lane?

The Mylapore Sub Registrar Office handles registrations for Batcha Garden I Lane, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

How is the guideline value determined for properties?

The guideline value is determined by the Registration Department and is used to assess the minimum value of properties for the purpose of calculating stamp duty and registration fees during the registration process.