Guideline Value for Battachariyar Street

Battachariyar Street guideline value

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

How the guideline value of Battachariyar Street has changed

The guideline value for Battachariyar Street has seen several revisions over the years. In 2002, the guideline value was Rs 292 per sq.ft. This increased to Rs 317 per sq.ft in 2003, marking a change of +9%. The value then rose significantly to Rs 700 per sq.ft in 2007, representing an increase of +121%. The next revision in 2012 saw a decrease to Rs 2,500 per sq.ft, a drop of -257%. In 2017, the value increased to Rs 1,675 per sq.ft, which was a change of +49%. The most recent revisions show that the value was Rs 2,500 per sq.ft in 2023, and it has now increased to Rs 2,700 per sq.ft in 2024, reflecting an increase of +8%.

Overall, from 2002 to 2024, the guideline value has increased by +825%. There are no figures available for the revisions in years not listed in the register.

Guideline values in Sembiam

In Sembiam village, there are 250 streets under the Sembiam SRO with a 2024 guideline value ranging from Rs 1,700 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, which is the same as the guideline value for Battachariyar Street.

• Balamurugan Street: Rs 2,700 per sq.ft (2024)
• Balaji street: Rs 2,700 per sq.ft (2024)
• Bharathiyar Street: Rs 2,700 per sq.ft (2024)
• Bharathiyar Street (Kennady Square): Rs 2,700 per sq.ft (2024)
• Bajanai Koil street: Rs 2,700 per sq.ft (2024)
• Badham Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Battachariyar 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 these 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.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Battachariyar Street?

Battachariyar Street is covered by 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 plays a crucial role in the registration process when buying or selling property in Sembiam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

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

Frequently asked questions

What is the current guideline value of Battachariyar Street?

The current guideline value of Battachariyar 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 292 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of +825%.

What is the stamp duty on property transactions in Battachariyar Street?

The stamp duty on property transactions in Battachariyar Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Battachariyar Street?

The Sub Registrar Office covering Battachariyar Street is located at 5, Papermills Road, Sembiam, Chennai - 600011.

What are the guideline values of other streets in Sembiam?

Other streets in Sembiam also have a guideline value of Rs 2,700 per sq.ft in 2024, including Balamurugan Street, Balaji street, and several others.