Guideline Value for Bundhar Garden Cross Street

Bundhar Garden Cross Street guideline value

The current guideline value of Bundhar Garden Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Siruvallur village, under the Sembiam SRO, and is classified as Commercial Class I Type - III.

How the guideline value of Bundhar Garden Cross Street has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 1,000 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012, marking a substantial rise of 200%. However, from 2012 to 2017, the value decreased to Rs 2,010 per sq.ft, a decline of 33%. The value then increased to Rs 3,000 per sq.ft in 2023, showing a 49% increase. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 230%.

Guideline values in Siruvallur

In Siruvallur village, 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 Cross Street's 2024 figure of Rs 3,300 per sq.ft is above this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. 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 Cross Street?

The Sub Registrar Office covering Bundhar Garden Cross 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 process when buying or selling property in Siruvallur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

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

Frequently asked questions

What is the current guideline value of Bundhar Garden Cross Street?

The current guideline value of Bundhar Garden Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, representing a total increase of 230% over the years.

What are the other streets in Siruvallur with their guideline values?

Other streets in Siruvallur include Bundhar Garden 3rd Street at Rs 3,600 per sq.ft, Bundhar Garden Main Street at Rs 3,900 per sq.ft, and Carpenter Street at Rs 1,900 per sq.ft, among others.

What are the stamp duty and registration fees for properties in Bundhar Garden Cross Street?

For a property valued at Rs 33,00,000 on Bundhar Garden Cross Street, the total stamp duty and registration fees would amount to Rs 2,97,000, which includes a stamp duty of Rs 2,31,000 and a registration fee of Rs 66,000.

Where can I find the Sub Registrar Office for Bundhar Garden Cross Street?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, covers Bundhar Garden Cross Street. You can find more details through the provided link.