Guideline Value for Budhar Street

Budhar Street guideline value

The current guideline value of Budhar Street is Rs 2,000 per sq.ft, as per the 2023 revision. This street is located in Vandalur village and falls under the Gooduvancheri SRO. The land classification for this area is Mixed Special Type - I.

How the guideline value of Budhar Street has changed

Over the years, the guideline value of Budhar Street has undergone several revisions. The earliest recorded revision was in 2007, where the guideline value was Rs 550 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 2,000 per sq.ft, marking a 264% increase. However, in 2017, the value dropped to Rs 1,340 per sq.ft, reflecting a decrease of 33%. The most recent revision in 2023 set the guideline value back to Rs 2,000 per sq.ft, representing a 49% increase from the 2017 figure.

It is important to note that the register has no figures for Budhar Street in the years 2002, 2003, and 2024. Overall, from 2007 to 2023, the guideline value has increased by 264%.

Guideline values in Vandalur

Currently, there are no specific village figures available for Vandalur. Budhar Street's guideline value stands at Rs 2,000 per sq.ft. Unfortunately, there are no other streets in Vandalur under the Gooduvancheri SRO that have been provided.

Stamp duty and registration fee for property in Budhar Street

For a 1,000 sq.ft plot at the current rate of Rs 2,000 per sq.ft, the guideline value would be Rs 20,00,000. The stamp duty at 7% would amount to Rs 1,40,000, and the registration fee at 2% would be Rs 40,000. Together, the total cost would be Rs 1,80,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Budhar Street?

The Sub Registrar Office that covers Budhar Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is an essential factor during property transactions in Vandalur. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property. The guideline value ensures that the government receives appropriate revenue from property transactions.

When a property is registered, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the transaction is fairly assessed and that the necessary fees are collected based on the property's value.

Frequently asked questions

What is the current guideline value of Budhar Street?

The current guideline value of Budhar Street is Rs 2,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 2,000 per sq.ft in 2012, then decreased to Rs 1,340 per sq.ft in 2017, and finally returned to Rs 2,000 per sq.ft in 2023.

What is the land classification for Budhar Street?

Budhar Street is classified as Mixed Special Type - I according to the land classification records.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Budhar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot of 1,000 sq.ft at the current guideline value of Rs 20,00,000, the stamp duty would be Rs 1,40,000 at 7%.