Guideline Value for Bundhar Garden 3rd Street

Bundhar Garden 3rd Street guideline value

The current guideline value of Bundhar Garden 3rd 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 3rd Street has changed

The guideline value for Bundhar Garden 3rd Street has seen several revisions over the years. In the 2007 revision, the value was Rs 3,137 per sq.ft, which increased to Rs 3,300 per sq.ft in the 2012 revision. However, the value then decreased to Rs 2,211 per sq.ft in the 2017 revision. Following this, the 2023 revision set the value at Rs 3,300 per sq.ft, and the most recent 2024 revision increased it to Rs 3,600 per sq.ft, marking a 9% rise from the previous year.

Notably, there are no figures available for the revisions in 2002 and 2003 for this street. The changes between the revisions indicate a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017. Overall, from 2007 to 2024, the guideline value has increased by 15%.

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. The guideline value for Bundhar Garden 3rd Street is above this median.

• Bundhar Garden 2nd Street: Rs 3,600 per sq.ft (2024)
• Bundhar Garden Cross Street: Rs 3,300 per sq.ft (2024)
• Bundhar Garden 1st Street: Rs 3,600 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 3rd Street

For a 1,000 sq.ft plot at the current rate of Rs 3,600 per sq.ft, the 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 the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Bundhar Garden 3rd Street?

The Sub Registrar Office that covers Bundhar Garden 3rd Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration of property transactions in Siruvallur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected by the government. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bundhar Garden 3rd Street?

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

How often is the guideline value revised?

The guideline value is revised periodically, with the most recent revisions for Bundhar Garden 3rd Street occurring in 2007, 2012, 2017, 2023, and 2024.

What was the guideline value in 2017?

The guideline value for Bundhar Garden 3rd Street in 2017 was Rs 2,211 per sq.ft.

What is the land classification for Bundhar Garden 3rd Street?

Bundhar Garden 3rd Street is classified as Residential Class I Type - I.

Where can I find more information about the Sembiam Sub Registrar Office?

You can find more information about the Sembiam Sub Registrar Office, including its address and contact details, by following the link to find your SRO.