Guideline Value for Badham Street

Badham Street guideline value

The current guideline value of Badham Street in Peravallur village is Rs 2,700 per sq.ft, effective from 1 July 2024. This street falls under the Sembiam SRO and is classified as Residential Class I Type - I.

How the guideline value of Badham Street has changed

The guideline value for Badham Street has undergone several revisions over the years. In 2003, the guideline value was Rs 354 per sq.ft, which increased to Rs 700 per sq.ft in 2007. The value saw a significant rise to Rs 2,500 per sq.ft in 2012, but then decreased to Rs 1,675 per sq.ft in 2017. The 2023 revision set the value at Rs 2,500 per sq.ft, and the latest revision in 2024 has raised it to Rs 2,700 per sq.ft.

Between the revisions, the changes were notable. From 2003 to 2007, there was an increase of 98%. However, from 2012 to 2017, the value decreased by 33%. The most significant increase occurred from 2017 to 2023, where the value rose by 49%. The current value represents an overall increase of 663% from 2003 to 2024.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 7,100 per sq.ft. The median value for these streets is Rs 3,301 per sq.ft, placing Badham Street's 2024 figure below that median.

• Bajanai Koil 1st Street: Rs 2,700 per sq.ft (2024)
• Ayyalu Street: Rs 2,700 per sq.ft (2024)
• Balaji Nagar Main Road: Rs 3,301 per sq.ft (2024)
• Balaraman Street: Rs 2,700 per sq.ft (2024)
• Balaram Reddy Colony: Rs 2,700 per sq.ft (2024)
• Balaram Reddy Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Badham Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. 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 accurate calculations based on your property details.

Which Sub Registrar Office covers Badham Street?

The Sub Registrar Office that covers Badham Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Peravallur. It is used to determine the stamp duty and registration fees that need to be paid when a property is sold or purchased. This value ensures that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This process helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Badham Street?

The current guideline value of Badham Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 354 per sq.ft in 2003 to Rs 2,700 per sq.ft in 2024. The most significant increase occurred from 2017 to 2023, with a rise of 49%.

What is the median guideline value for streets in Peravallur?

The median guideline value for streets in Peravallur is Rs 3,301 per sq.ft, which is higher than the current value of Badham Street.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in this area is typically 7% of the guideline value or sale price, whichever is higher. Additional registration fees of 2% also apply.

Where can I find the Sub Registrar Office for Badham Street?

The Sub Registrar Office for Badham Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.