Guideline Value for Badham Street

Badham Street guideline value

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

How the guideline value of Badham Street has changed

The guideline value for Badham Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 341 per sq.ft. This increased to Rs 370 per sq.ft in 2003, marking a 9% rise. The value then rose significantly to Rs 700 per sq.ft in 2007, which represented an 89% increase. Following this, the 2012 revision recorded a guideline value of Rs 2,500 per sq.ft, reflecting a substantial 257% increase from the previous figure.

In the subsequent revisions, the value changed to Rs 1,675 per sq.ft in 2017, which was a decrease of 33%. The next revision in 2023 set the value at Rs 2,500 per sq.ft, and finally, the current revision in 2024 has established the value at Rs 2,700 per sq.ft, marking an 8% increase from the previous year. There are no figures available for the years not listed in the register for this street.

Guideline values in Sembiam

In Sembiam, there are 250 streets under the Sembiam SRO, with 2024 guideline values ranging from Rs 1,700 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, which is equal to the guideline value of Badham Street for 2024.

• Bajanai Koil street: Rs 2,700 per sq.ft (2024)
• Azath Street: Rs 2,700 per sq.ft (2024)
• Ayyavu Grammi Street: Rs 2,700 per sq.ft (2024)
• Ashok Street: Rs 2,700 per sq.ft (2024)
• Balaji street: Rs 2,700 per sq.ft (2024)
• Balamurugan 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, making the total cost for stamp duty and registration fees 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.

For more details, you can use the stamp duty and registration fee calculator.

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 Sembiam

The guideline value is a crucial factor when registering property transactions in Sembiam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the property transfer process.

When a property is sold, the guideline value is taken into account to ensure that the appropriate taxes are calculated based on the higher of the guideline value or the actual sale price. This ensures transparency and compliance with local regulations during 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 from Rs 341 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, with various revisions in between. Significant changes include a 257% increase from 2007 to 2012 and an 8% increase from 2023 to 2024.

What is the land classification for Badham Street?

Badham Street is classified as Residential Class I Type - I under the land classification system.

What are the other streets in Sembiam with the same guideline value?

Several other streets in Sembiam also have a guideline value of Rs 2,700 per sq.ft for 2024, including Bajanai Koil street, Azath Street, and Ayyavu Grammi Street.

Where is the Sub Registrar Office for Badham Street located?

The Sub Registrar Office for Badham Street is located at 5, Papermills Road, Sembiam, Chennai - 600011. It is the designated office for property registrations in this area.