Guideline Value for Bandala chitti Babu NaiduStreet

Bandala chitti Babu NaiduStreet guideline value

The current guideline value of Bandala chitti Babu NaiduStreet is Rs 13,500 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO, classified as Commercial Special Type - III.

How the guideline value of Bandala chitti Babu NaiduStreet has changed

The guideline value for Bandala chitti Babu NaiduStreet has undergone several revisions over the years. The earliest recorded figure is from 2003, which was Rs 1,073 per sq.ft. This value saw a significant increase by 901% to reach Rs 10,736 per sq.ft in 2007. In 2012, the value adjusted to Rs 12,300 per sq.ft, reflecting a decrease of 33% from the previous revision. The 2017 revision marked an increase to Rs 8,241 per sq.ft, followed by a substantial rise of 49% to Rs 12,300 per sq.ft in 2023. The most recent revision in 2024 has set the guideline value at Rs 13,500 per sq.ft, an increase of 10% from the previous year.

It is important to note that the register has no figure for the year 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 1158%, highlighting the significant changes over the years.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value among these streets is Rs 7,100 per sq.ft, placing Bandala chitti Babu NaiduStreet's 2024 figure above that median.

• Bandala Dhanammal Road: Rs 11,000 per sq.ft (2024)
• Bank Street: Rs 11,000 per sq.ft (2024)
• Basha Sahib 1st lane: Rs 7,100 per sq.ft (2024)
• Basha Sahib 2nd lane: Rs 7,100 per sq.ft (2024)
• Basha Sahib IIIrd Lane: Rs 3,900 per sq.ft (2024)
• Batcha Sahib street: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Bandala chitti Babu NaiduStreet

For a 1,000 sq.ft plot at the current guideline value of Rs 13,500 per sq.ft, the total guideline value amounts to Rs 1,35,00,000. The stamp duty at 7% would be Rs 9,45,000, and the registration fee at 2% would be Rs 2,70,000, bringing the total fees to Rs 12,15,000. 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 more information.

Which Sub Registrar Office covers Bandala chitti Babu NaiduStreet?

The Sub Registrar Office that covers Bandala chitti Babu NaiduStreet is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. For more details, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Egmore. It determines the minimum value at which a property can be registered, influencing the stamp duty and registration fees applicable to the transaction.

Frequently asked questions

What is the current guideline value of Bandala chitti Babu NaiduStreet?

The current guideline value of Bandala chitti Babu NaiduStreet is Rs 13,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,073 per sq.ft in 2003 to Rs 13,500 per sq.ft in 2024, reflecting an overall increase of 1158% over the years.

What is the stamp duty for property in Bandala chitti Babu NaiduStreet?

The stamp duty for property in Bandala chitti Babu NaiduStreet is 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 1,35,00,000 would incur a stamp duty of Rs 9,45,000.

Which Sub Registrar Office covers this street?

The Periamet Sub Registrar Office covers Bandala chitti Babu NaiduStreet, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the land classification for Bandala chitti Babu NaiduStreet?

Bandala chitti Babu NaiduStreet is classified as Commercial Special Type - III under the guideline value register.