Guideline Value for Buddhar Street

Buddhar Street guideline value

The current guideline value of Buddhar Street in Peerklankaranai village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class II Type - I.

How the guideline value of Buddhar Street has changed

Over the years, the guideline value of Buddhar Street has seen several revisions. In the 2012 revision, the value was Rs 1,000 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 670 per sq.ft. However, the value increased significantly in the 2023 revision to Rs 1,000 per sq.ft, followed by another increase to Rs 1,100 per sq.ft in the 2024 revision. The register has no figure for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a notable increase of 49%. The overall change from 2012 to 2024 reflects a 10% increase, indicating fluctuations in the guideline value over the years.

Guideline values in Peerklankaranai

In Peerklankaranai, there are a total of 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, positioning Buddhar Street's 2024 figure below this median.

• Brindavanam Street: Rs 1,320 per sq.ft (2024)
• Bharathiyar Street: Rs 1,100 per sq.ft (2024)
• Bharathi Street ward 8th: Rs 1,980 per sq.ft (2024)
• Bharathi St Near G.S.T Road: Rs 1,980 per sq.ft (2024)
• Bharathi St: Rs 2,200 per sq.ft (2024)
• Christuraja street: Rs 1,320 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 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, leading to a total of Rs 99,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Buddhar Street?

Buddhar Street is covered by 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 details.

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

The guideline value plays a crucial role in the registration process of property transactions in Peerklankaranai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and standardization in property dealings.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties in the transaction are aware of the costs involved, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Buddhar Street?

The current guideline value of Buddhar Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Buddhar Street?

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

How does the guideline value compare to other streets in Peerklankaranai?

The guideline value of Buddhar Street at Rs 1,100 per sq.ft is below the median value of Rs 1,650 per sq.ft for the 322 streets in Peerklankaranai under the Tambaram Joint 1 SRO.

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

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