Guideline Value for BUDHA STREET

Budha Street guideline value

The current guideline value of Budha Street in Puliyur village, under the Kodambakkam SRO, is Rs 7,100 per sq.ft, effective from 1 July 2024. The land classification for this street is Residential Special Type - II.

How the guideline value of Budha Street has changed

Budha Street's guideline value has seen several revisions over the years. The 2007 revision set the value at Rs 1,800 per sq.ft, which increased significantly to Rs 6,500 per sq.ft in the 2012 revision. However, there was a decline in the 2017 revision, bringing the value down to Rs 4,355 per sq.ft. The 2023 revision marked a notable increase to Rs 6,500 per sq.ft, followed by a further rise to Rs 7,100 per sq.ft in the 2024 revision.

In terms of percentage changes, the guideline value increased by 261% from 2007 to 2012, then decreased by 33% from 2012 to 2017. After that, it rose by 49% from 2017 to 2023, and finally, there was a 9% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 294%. The register has no figures for Budha Street in 2002 and 2003.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value for these streets is Rs 5,800 per sq.ft, placing Budha Street's 2024 figure above this median.

• BRINDAVAN STREET (West Mambalam): Rs 8,200 per sq.ft (2024)
• BRINDAVAN EXTENSION (West Mambalam): Rs 8,000 per sq.ft (2024)
• BRINDAVAN COLONY (Choolaimedu): Rs 5,800 per sq.ft (2024)
• BRINDAVAN 1ST CROSS STREET (West Mambalam): Rs 7,100 per sq.ft (2024)
• Boopathy Street: Rs 4,400 per sq.ft (2024)
• Boopathy Nagar: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Budha Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would amount to Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total fees together to Rs 6,39,000. It is important to note that the 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 more details.

Which Sub Registrar Office covers Budha Street?

The Sub Registrar Office that covers Budha Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions as it determines the minimum price at which a property can be registered. When buying or selling property in Puliyur, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal ownership transfer.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements during the registration process. This value serves as a benchmark for assessing the financial obligations associated with property transactions.

Frequently asked questions

What is the current guideline value of Budha Street?

The current guideline value of Budha Street is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value of Budha Street has seen significant changes, increasing from Rs 1,800 per sq.ft in 2007 to Rs 7,100 per sq.ft in 2024, marking an overall increase of 294%.

What is the land classification for Budha Street?

Budha Street is classified as Residential Special Type - II, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees for properties on Budha Street?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 71,00,000, the total fees would amount to Rs 6,39,000.

Which office handles registrations for Budha Street?

The Kodambakkam Sub Registrar Office handles registrations for Budha Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.