Guideline Value for Budhar Street

Budhar Street guideline value

The current guideline value of Budhar Street in Valarpuram village, under the Sriperumpudur SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification.

How the guideline value of Budhar Street has changed

Budhar Street has seen several revisions in its guideline value over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft. Following this, the 2023 revision brought the value back to Rs 200 per sq.ft, which has been maintained into the 2024 revision, showing no change from the previous year.

Overall, from 2012 to 2024, the guideline value has remained at Rs 200 per sq.ft, indicating a 0% change. The most significant change occurred between the 2017 and 2023 revisions, where the value increased by 49%.

Guideline values in Valarpuram

In Valarpuram, there are 91 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 2,025 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Budhar Street's 2024 figure below this median.

• Chettiyar Street: Rs 200 per sq.ft (2024)
• Chinna Valarpuram Mainroad: Rs 400 per sq.ft (2024)
• Chiyan Nagar: Rs 200 per sq.ft (2024)
• Bharathi Nagar: Rs 300 per sq.ft (2024)
• Bavana Nagar: Rs 300 per sq.ft (2024)
• Barani Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Budhar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total charges Rs 18,000. It is important 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 covering Budhar Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Valarpuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two amounts is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Budhar Street?

The current guideline value of Budhar Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most notable change occurring from 2017 to 2023, where it increased by 49%. Overall, the value has remained at Rs 200 per sq.ft from 2012 to 2024.

What is the land classification for Budhar Street?

Budhar Street is classified as Residential Class III Type - I, which affects its guideline value and usage.

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

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee Rs 4,000, totaling Rs 18,000. This is based on the guideline value of Rs 200 per sq.ft.

Where is the Sub Registrar Office for Budhar Street located?

The Sub Registrar Office for Budhar Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.