Guideline Value for BUTHAR STREET

Buthar Street guideline value

The current guideline value of Buthar Street in SingaperumalKoil village is Rs 1,500 per sq.ft, as per the 2024 revision effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Mixed Type - I land.

How the guideline value of Buthar Street has changed

The guideline value for Buthar Street has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 250 per sq.ft. This figure saw a significant increase in the 2012 revision, rising to Rs 1,500 per sq.ft, marking a 500% increase. However, in the 2017 revision, the value dropped to Rs 1,005 per sq.ft, representing a decrease of 33%. The subsequent revisions in 2023 and 2024 maintained the value at Rs 1,500 per sq.ft, showing no change between these two years.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 500%, reflecting the changes in the local real estate landscape over time. It is important to note that there are no figures available for Buthar Street in the 2002 and 2003 revisions.

Guideline values in SingaperumalKoil

In SingaperumalKoil, there are 33 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Buthar Street's 2024 figure above this median.

• Bhavani Nagar: Rs 1,100 per sq.ft (2024)
• Bharathiyar Street (West Side From G.S.T): Rs 1,500 per sq.ft (2024)
• Avvaiyar Street: Rs 800 per sq.ft (2024)
• Anna Nagar: Rs 1,100 per sq.ft (2024)
• Gandhi Road: Rs 1,100 per sq.ft (2024)
• Gengaiamman Koil Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Buthar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total fees together to Rs 1,35,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Buthar Street?

Buthar Street is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during property registration in SingaperumalKoil. It is the minimum value set by the government for a property, and it is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair price, preventing undervaluation. This helps maintain transparency in property transactions and ensures that the government receives the appropriate revenue from stamp duties.

Frequently asked questions

What is the current guideline value of Buthar Street?

The current guideline value of Buthar Street is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased by 500% to reach Rs 1,500 per sq.ft in 2024, with fluctuations in previous years.

What are the stamp duty and registration fees for Buthar Street?

For a 1,000 sq.ft plot, the total stamp duty is Rs 1,05,000 and the registration fee is Rs 30,000, totaling Rs 1,35,000 based on the current guideline value.

Which Sub Registrar Office covers Buthar Street?

The Chengleput Joint II Sub Registrar Office covers Buthar Street, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for Buthar Street?

Buthar Street is classified as Mixed Type - I land, which indicates its suitability for various types of developments.