Guideline Value for Buddi Begum Street

Buddi Begum Street guideline value

The current guideline value of Buddi Begum Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane SRO, and is classified as Residential Class I Type - I.

How the guideline value of Buddi Begum Street has changed

The guideline value for Buddi Begum Street has seen several revisions over the years. In 2007, the value was Rs 945 per sq.ft, which increased significantly to Rs 6,000 per sq.ft in 2012. However, the value dropped to Rs 4,020 per sq.ft in 2017, before rising again to Rs 6,000 per sq.ft in 2023. The latest revision in 2024 set the guideline value at Rs 6,600 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 598%. The revisions for the years 2002 and 2003 have no figures recorded for this street.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value is Rs 6,600 per sq.ft, which is equal to the 2024 guideline value of Buddi Begum Street.

• Buddi Begum 2nd lane: Rs 6,600 per sq.ft (2024)
• Buddi Begum 1st Lane: Rs 6,600 per sq.ft (2024)
• Burrah Sahib Lane: Rs 6,600 per sq.ft (2024)
• Burrah Sahib Street: Rs 7,700 per sq.ft (2024)
• Butchi Street (Butchi Babu Naidu Street): Rs 6,600 per sq.ft (2024)
• Byramjung Bahadur 1st Street: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Buddi Begum Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total fees to Rs 5,94,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Buddi Begum Street?

Buddi Begum Street falls under the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions within Triplicane. It serves as a benchmark for determining the stamp duty and registration fees when a property is bought or sold.

When registering a property, the authorities will assess the transaction based on the guideline value or the sale price, whichever is higher. This ensures that the correct fees are collected based on the established value of the property.

Frequently asked questions

What is the current guideline value of Buddi Begum Street?

The current guideline value of Buddi Begum Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 945 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 598% over the years.

What are the stamp duty and registration fees for properties on Buddi Begum Street?

For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000, and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000.

Which Sub Registrar Office handles transactions for Buddi Begum Street?

The Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014, handles transactions for Buddi Begum Street.

What is the land classification of Buddi Begum Street?

Buddi Begum Street is classified as Residential Class I Type - I, indicating its designation for residential purposes.