Guideline Value for Buddhar Street

Buddhar Street guideline value

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

How the guideline value of Buddhar Street has changed

The guideline value for Buddhar Street has seen 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 2017 revision of Rs 1,675 per sq.ft. However, in 2023, the value increased to Rs 2,500 per sq.ft, and the latest revision in 2024 raised it further to Rs 2,750 per sq.ft, marking a 10% increase from the previous year.

In summary, from the 2012 revision to the 2024 revision, the overall change is an increase of 10%. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for Buddhar Street.

Guideline values in Selaiyur

In Selaiyur village, there are 478 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value in the village is Rs 2,200 per sq.ft, placing Buddhar Street's 2024 figure above this median.

• Buddhar Cross 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 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, while the registration fee at 2% would be Rs 55,000. Together, these fees would total Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Buddhar Street?

The Sub Registrar Office that covers Buddhar 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

When buying or selling property in Selaiyur, the guideline value is a critical factor during the registration process. It is used to determine the stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price of the property.

This ensures that the government receives appropriate revenue from property transactions. Buyers and sellers should be aware of the current guideline values to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Buddhar Street?

The current guideline value of Buddhar 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 2012 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 10% over this period.

What are the stamp duty and registration fees for property in Buddhar Street?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,47,500.

Which Sub Registrar Office covers Buddhar Street?

The Selaiyur Sub Registrar Office covers Buddhar Street, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

What is the land classification for Buddhar Street?

Buddhar Street is classified as Residential Class I Type - III, indicating its suitability for residential development.