Guideline Value for BATCHA GARDEN II LANE

Batcha Garden II Lane guideline value

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

How the guideline value of Batcha Garden II Lane has changed

The guideline value for Batcha Garden II Lane has seen several revisions over the years. In 2012, the guideline value was Rs 3,000 per sq.ft, which decreased to Rs 2,010 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 3,000 per sq.ft. The latest revision in 2024 raised the value by 10% to Rs 3,300 per sq.ft.

It is important to note that the register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value increased by 10%.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, placing Batcha Garden II Lane's 2024 figure below that median.

• Batcha Garden I 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 II Lane

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the 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, totaling Rs 2,97,000. It is important to note that 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 Batcha Garden II Lane?

The Sub Registrar Office that covers Batcha Garden II 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 additional information.

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

The guideline value plays a crucial role during the registration of property transactions 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 buying or selling property, it is essential to be aware of the current guideline value, as it affects the overall cost of the transaction. Buyers should ensure that they are informed about the latest revisions to avoid any surprises during the registration process.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then increased to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification of Batcha Garden II Lane?

Batcha Garden II Lane is classified as Residential Class V Type - III.

Where can I find the Sub Registrar Office for Batcha Garden II Lane?

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

What is the median guideline value for streets in Mylapore?

The median guideline value for streets in Mylapore is Rs 8,800 per sq.ft, with Batcha Garden II Lane's 2024 figure being below this median.