Guideline Value for BUDDAR ST

Buddar St guideline value

The current guideline value of Buddar St in Vilingiyambakkam village is Rs 935 per sq.ft, effective from the 2024 revision. This street falls under the Avadi SRO and is classified as Residential Class II Type - II.

How the guideline value of Buddar St has changed

The guideline value for Buddar St has seen several revisions over the years. In 2012, the value was Rs 850 per sq.ft, which decreased to Rs 569 per sq.ft in 2017. Following this, the value increased significantly to Rs 850 per sq.ft in 2023, and then rose to Rs 935 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for Buddar St for the years 2002, 2003, and 2007.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 4,400 per sq.ft. The median guideline value in this area is Rs 935 per sq.ft, which is equal to the current value of Buddar St.

• Bharathiyar Street & Bharathi Avenue: Rs 1,310 per sq.ft (2024)
• Bharathiyar St: Rs 1,310 per sq.ft (2024)
• Bharathi St: Rs 1,310 per sq.ft (2024)
• Chinnamman Koil St: Rs 810 per sq.ft (2024)
• Church Street: Rs 1,310 per sq.ft (2024)
• Balamurugan St: Rs 935 per sq.ft (2024)

Stamp duty and registration fee for property in Buddar St

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value would be Rs 9,35,000. The stamp duty at 7% would amount to Rs 65,450, and the registration fee at 2% would be Rs 18,700, bringing the total charges to Rs 84,150. 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 Buddar St?

The Sub Registrar Office that covers Buddar St is the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vilingiyambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that transactions are conducted fairly and transparently.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This helps in maintaining a consistent valuation standard across the region.

Frequently asked questions

What is the current guideline value of Buddar St?

The current guideline value of Buddar St is Rs 935 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then to Rs 850 per sq.ft in 2023, and finally to Rs 935 per sq.ft in 2024.

What is the stamp duty rate for properties on Buddar St?

The stamp duty rate for properties on Buddar St is 7% of the guideline value or the sale price, whichever is higher.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the median guideline value in Vilingiyambakkam?

The median guideline value in Vilingiyambakkam for the year 2024 is Rs 935 per sq.ft, which is the same as the current value for Buddar St.