Guideline Value for Badri Veerasamy Street

Badri Veerasamy Street guideline value

The current guideline value of Badri Veerasamy Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Muthiyalpet village, under the Sowcarpet SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Badri Veerasamy Street has changed

The guideline value for Badri Veerasamy Street has seen several revisions over the years. The earliest recorded value was Rs 985 per sq.ft in 2003, which increased to Rs 1,200 per sq.ft in 2007, marking a rise of 22%. In 2012, the value was revised to Rs 4,000 per sq.ft, representing a significant increase of 233%. However, in 2017, the value dropped to Rs 2,680 per sq.ft, indicating a decrease of 33%. The value then rose again to Rs 4,000 per sq.ft in 2023, before reaching the current figure of Rs 4,400 per sq.ft in 2024, which is a 10% increase from the previous year.

Notably, there is no recorded guideline value for Badri Veerasamy Street in the year 2002. Overall, from 2003 to 2024, the guideline value has increased by 347%.

Guideline values in Muthiyalpet

In Muthiyalpet, there are 357 streets under the Sowcarpet SRO that carry a 2024 guideline value, ranging from Rs 3,800 to Rs 16,500 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, which is equal to the current value of Badri Veerasamy Street.

• Badrian Street: Rs 8,800 per sq.ft (2024)
• Baganathan Lane: Rs 3,800 per sq.ft (2024)
• Bajanai Koil Lane: Rs 6,600 per sq.ft (2024)
• Bajanai Koil Street: Rs 4,400 per sq.ft (2024)
• Baksar Street: Rs 8,800 per sq.ft (2024)
• Ayya Pillai Street: Rs 8,800 per sq.ft (2024)

Stamp duty and registration fee for property in Badri Veerasamy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Badri Veerasamy Street?

The Sub Registrar Office that covers Badri Veerasamy Street is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Muthiyalpet, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the property transaction. Accurate knowledge of these figures ensures compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Badri Veerasamy Street?

The current guideline value of Badri Veerasamy Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 985 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, with various revisions occurring in between, including a peak of Rs 4,000 per sq.ft in 2012 and a drop to Rs 2,680 per sq.ft in 2017.

What is the median guideline value in Muthiyalpet?

The median guideline value in Muthiyalpet is Rs 4,400 per sq.ft, which is the same as the current guideline value for Badri Veerasamy Street.

What are the stamp duty and registration fees for property in Badri Veerasamy Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 44,00,000, resulting in a stamp duty of Rs 3,08,000 and a registration fee of Rs 88,000, totaling Rs 3,96,000.

Which office handles property registrations for Badri Veerasamy Street?

The Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01, handles property registrations for Badri Veerasamy Street.