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 Chitlapakkam village under the Tambaram Joint 1 SRO, classified as Residential Class I Type - II.

How the guideline value of Buddhar Street has changed

The guideline value for Buddhar Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,500 per sq.ft in 2023, and then rose again to Rs 2,750 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a 10% increase, while the 2012 to 2017 period saw a decrease of 33%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, placing Buddhar Street's 2024 figure above this median.

• Cauvery Street: Rs 2,750 per sq.ft (2024)
• Chakrapani Street: Rs 1,100 per sq.ft (2024)
• Chakratees Street: Rs 1,650 per sq.ft (2024)
• Chandran Avenue: Rs 2,750 per sq.ft (2024)
• Bhavani street: Rs 3,300 per sq.ft (2024)
• Bhasheer St: Rs 1,650 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, bringing the total to 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.

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

Which Sub Registrar Office covers Buddhar Street?

The Sub Registrar Office that covers Buddhar Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Chitlapakkam

The guideline value is a crucial factor when registering property transactions in Chitlapakkam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the property transfer process.

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 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the land classification of Buddhar Street?

Buddhar Street is classified as Residential Class I Type - II under the land classification system.

What are the stamp duty rates for properties in Buddhar Street?

The stamp duty for properties in Buddhar Street is charged at 7% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Buddhar Street is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.