Guideline Value for Buddhar Cross Street

Buddhar Cross Street guideline value

The current guideline value of Buddhar Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village and falls under the Selaiyur SRO, classified as Residential Class I Type - III.

How the guideline value of Buddhar Cross Street has changed

The guideline value for Buddhar Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 1,675 per sq.ft. The 2023 revision increased the value to Rs 2,500 per sq.ft, and the most recent revision in 2024 raised it to Rs 2,750 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for Buddhar Cross Street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 6,500 per sq.ft. The median value is Rs 2,200 per sq.ft, making the 2024 figure for Buddhar Cross Street above this median.

• Buddhar Street: Rs 2,750 per sq.ft (2024)
• Buddhar Street Extension: Rs 2,750 per sq.ft (2024)
• Burma Agathical Colony: Rs 850 per sq.ft (2024)
• Camp Road: Rs 3,300 per sq.ft (2024)
• Camp Road 1st Cross Street: Rs 1,600 per sq.ft (2024)
• Camp Road 1st Street: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Buddhar Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, leading to a total of Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Buddhar Cross Street?

The Sub Registrar Office that covers Buddhar Cross Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Selaiyur. It serves as a reference for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is sold, the buyer and seller must consider the guideline value to ensure that the correct fees are calculated. This value helps in maintaining transparency and fairness in property transactions, ensuring that both parties are aware of the financial obligations involved.

Frequently asked questions

What is the current guideline value of Buddhar Cross Street?

The current guideline value of Buddhar Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,750 per sq.ft in 2024, marking a 10% increase. It was Rs 1,675 per sq.ft in 2017 and Rs 2,500 per sq.ft in 2012, showing significant changes over the years.

What are the other streets in Selaiyur with their guideline values?

Other streets in Selaiyur include Buddhar Street and Buddhar Street Extension, both at Rs 2,750 per sq.ft, and Camp Road at Rs 3,300 per sq.ft. The guideline values vary significantly across different streets in the area.

What is the stamp duty rate for properties in Buddhar Cross Street?

The stamp duty rate for properties in Buddhar Cross Street is 7% of the guideline value or the sale price, whichever is higher. This ensures that the appropriate fees are collected during property transactions.

Where can I find the Sub Registrar Office for Buddhar Cross Street?

The Sub Registrar Office for Buddhar Cross Street is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. This office handles the registration of property transactions in the area.