Guideline Value for Batrachalam Street

Batrachalam Street guideline value

The current guideline value of Batrachalam Street is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO and is classified as Residential Special Type - II.

How the guideline value of Batrachalam Street has changed

The guideline value for Batrachalam Street has undergone several revisions over the years. In 2002, the value was Rs 593 per sq.ft, which increased to Rs 657 per sq.ft in 2003, marking an 11% rise. The value saw a significant increase to Rs 1,000 per sq.ft in 2007, reflecting a 52% change. By 2012, the value was Rs 3,200 per sq.ft, which was a substantial increase of 220% from the previous revision. However, in 2017, it decreased to Rs 2,144 per sq.ft, a drop of 33%.

From 2017, the guideline value rose to Rs 3,200 per sq.ft in 2023, representing a 49% increase. The most recent revision in 2024 brought the value to Rs 3,520 per sq.ft, which is a 10% increase from the previous year. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value for these streets is Rs 3,960 per sq.ft, making the guideline value of Batrachalam Street below this median.

• Bathrachalam Cross Street: Rs 3,520 per sq.ft (2024)
• Bell Nagar: Rs 3,520 per sq.ft (2024)
• Balamurugan Nagar - Ranganathan Street: Rs 3,960 per sq.ft (2024)
• Balamurugan Nagar Raji Street - 2nd Lane: Rs 3,960 per sq.ft (2024)
• Balamurugan Nagar Raji Street - 1st Lane: Rs 3,960 per sq.ft (2024)
• Balamurugan Nagar Raji Street: Rs 3,960 per sq.ft (2024)

Stamp duty and registration fee for property in Batrachalam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, while the registration fee at 2% would be Rs 70,400. Together, the total cost would be Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Batrachalam Street?

The Sub Registrar Office that covers Batrachalam Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Porur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Batrachalam Street?

The current guideline value of Batrachalam Street is Rs 3,520 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 593 per sq.ft in 2002 to Rs 3,520 per sq.ft in 2024, reflecting an overall increase of 494% over this period.

What is the land classification of Batrachalam Street?

Batrachalam Street is classified as Residential Special Type - II, which indicates its intended use for residential purposes.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Batrachalam Street?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2% on the guideline value.