Guideline Value for Bundhar Garden 1st Street

Bundhar Garden 1st Street guideline value

The current guideline value of Bundhar Garden 1st Street is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in Siruvallur village under the Sembiam SRO, classified as Residential Class I Type - I.

How the guideline value of Bundhar Garden 1st Street has changed

The guideline value for Bundhar Garden 1st Street has undergone several revisions over the years. In 2007, the guideline value was Rs 1,000 per sq.ft, which increased to Rs 3,300 per sq.ft in 2012, marking a significant rise of 230%. However, between 2012 and 2017, the value decreased to Rs 2,211 per sq.ft, a drop of 33%. From 2017 to 2023, the value surged to Rs 3,300 per sq.ft, an increase of 49%, and currently stands at Rs 3,600 per sq.ft following the 2024 revision, reflecting a 9% rise from the previous year.

It is important to note that the register has no figures for Bundhar Garden 1st Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 260%.

Guideline values in Siruvallur

In Siruvallur, there are 86 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 6,600 per sq.ft, with a median value of Rs 1,900 per sq.ft. Bundhar Garden 1st Street's 2024 guideline value is above this median.

• Bundhar Garden 2nd Street: Rs 3,600 per sq.ft (2024)
• Bundhar Garden 3rd Street: Rs 3,600 per sq.ft (2024)
• Bundhar Garden Cross Street: Rs 3,300 per sq.ft (2024)
• Bundhar Garden Main Street: Rs 3,900 per sq.ft (2024)
• Carpenter Street: Rs 1,900 per sq.ft (2024)
• Chengalvarayan Lane: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Bundhar Garden 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value amounts to Rs 36,00,000. The stamp duty at 7% would be Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, bringing the total to Rs 3,24,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Bundhar Garden 1st Street?

The Sub Registrar Office that covers Bundhar Garden 1st Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which properties can be registered. When buying or selling property in Siruvallur, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is properly documented and taxed.

It is essential for buyers and sellers to be aware of the current guideline value as it directly impacts the costs associated with the registration process. Understanding these values can help in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Bundhar Garden 1st Street?

The current guideline value of Bundhar Garden 1st Street is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 3,600 per sq.ft in 2024, reflecting a significant increase over the years with various revisions.

What is the land classification for Bundhar Garden 1st Street?

Bundhar Garden 1st Street is classified as Residential Class I Type - I under the Sembiam SRO.

What is the stamp duty rate for properties in Bundhar Garden 1st Street?

The stamp duty rate for properties in Bundhar Garden 1st Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for Bundhar Garden 1st Street?

The Sembiam Sub Registrar Office, which covers Bundhar Garden 1st Street, is located at 5, Papermills Road, Sembiam, Chennai - 600011.