Guideline Value for Batcha Sahib street

Batcha Sahib street guideline value

The current guideline value of Batcha Sahib street is Rs 7,100 per sq.ft. This street is located in Egmore village, under the Periamet SRO, and is classified as Residential Class II Type - I.

How the guideline value of Batcha Sahib street has changed

The guideline value for Batcha Sahib street has seen several revisions over the years. In 2002, the value was Rs 547 per sq.ft, which increased to Rs 603 per sq.ft in 2003, marking a 10% rise. The value then rose significantly to Rs 1,200 per sq.ft in 2007, representing a 99% increase. Following this, the value jumped to Rs 6,500 per sq.ft in 2012, showing a remarkable 442% increase. However, in 2017, the value decreased to Rs 4,355 per sq.ft, reflecting a decline of 33%. The value increased again to Rs 6,500 per sq.ft in 2023, before reaching the current value of Rs 7,100 per sq.ft in the 2024 revision, which is a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1198%. There are no figures available for the revisions in years other than those listed.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO that have a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value is Rs 7,100 per sq.ft, which is the same as the current value for Batcha Sahib street.

• Basha Sahib IIIrd Lane: Rs 3,900 per sq.ft (2024)
• Basha Sahib 2nd lane: Rs 7,100 per sq.ft (2024)
• Basha Sahib 1st lane: Rs 7,100 per sq.ft (2024)
• Bank Street: Rs 11,000 per sq.ft (2024)
• Bandala Dhanammal Road: Rs 11,000 per sq.ft (2024)
• Bandala chitti Babu NaiduStreet: Rs 13,500 per sq.ft (2024)

Stamp duty and registration fee for property in Batcha Sahib street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total cost to Rs 6,39,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Batcha Sahib street?

The Batcha Sahib street falls under the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions as it determines the minimum price at which a property can be registered. When buying or selling property in Egmore, the guideline value serves as a reference point for calculating stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. The guideline value must be considered during negotiations to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Batcha Sahib street?

The current guideline value of Batcha Sahib street is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 547 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of 1198% over this period.

What is the land classification for Batcha Sahib street?

Batcha Sahib street is classified as Residential Class II Type - I, which indicates its suitability for residential purposes.

Where is the Sub Registrar Office for Batcha Sahib street located?

The Sub Registrar Office covering Batcha Sahib street is located at 1103, Poonamallee High Road, Chennai-600 003.

How is stamp duty calculated for properties in Batcha Sahib street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 71,00,000, the stamp duty would be Rs 4,97,000 at a rate of 7%.