Guideline Value for Bhadam Street

Bhadam Street guideline value

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

How the guideline value of Bhadam Street has changed

Over the years, the guideline value of Bhadam Street has seen several revisions. The 2007 revision set the value at Rs 700 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a 257% rise. However, the value then decreased to Rs 1,675 per sq.ft in 2017, reflecting a 33% drop. The subsequent revisions saw the value rise to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024, an 8% increase from the previous year.

It is important to note that there are no figures available for Bhadam Street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 286%.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 7,100 per sq.ft. The median value is Rs 3,301 per sq.ft, indicating that Bhadam Street's 2024 figure is below this median.

• Bashyam Street: Rs 2,700 per sq.ft (2024)
• Bashiyam Reddy Street: Rs 2,700 per sq.ft (2024)
• Bashiyam Reddy Colony: Rs 2,700 per sq.ft (2024)
• Balvargise Street: Rs 2,700 per sq.ft (2024)
• Balvargise Colony: Rs 2,700 per sq.ft (2024)
• Ballard Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Bhadam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, while the registration fee at 2% would be Rs 54,000, bringing the total fees to Rs 2,43,000. 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 Bhadam Street?

Bhadam 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 Peravallur

The guideline value plays a crucial role in property transactions in Peravallur. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value is considered to ensure that the transaction is transparent and reflects the current market conditions. This helps in maintaining a standard for property valuations within the region.

Frequently asked questions

What is the current guideline value of Bhadam Street?

The current guideline value of Bhadam 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 700 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 286%.

What are the other streets with the same guideline value in Peravallur?

Other streets in Peravallur that share the same guideline value of Rs 2,700 per sq.ft include Bashyam Street, Bashiyam Reddy Street, Bashiyam Reddy Colony, Balvargise Street, Balvargise Colony, and Ballard Street.

Where can I find the Sembiam Sub Registrar Office?

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

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 27,00,000, the stamp duty at 7% would be Rs 1,89,000.