Guideline Value for Byramjung Bahadur Street

Byramjung Bahadur Street guideline value

The current guideline value of Byramjung Bahadur Street is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane SRO, and is classified as Mixed Type - II land.

How the guideline value of Byramjung Bahadur Street has changed

In the 2012 revision, the guideline value was Rs 7,000 per sq.ft. This value decreased to Rs 4,690 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to the 2024 revision, the guideline value saw a significant increase of 64%, reaching the current rate of Rs 7,700 per sq.ft.

Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median guideline value for these streets is Rs 6,600 per sq.ft, placing Byramjung Bahadur Street's 2024 figure above that median.

• Byramjung Bahadur 2nd Street: Rs 7,700 per sq.ft (2024)
• Byramjung Bahadur 1st Street: Rs 7,700 per sq.ft (2024)
• Canal Street: Rs 2,700 per sq.ft (2024)
• Butchi Street (Butchi Babu Naidu Street): Rs 6,600 per sq.ft (2024)
• Car Street (Theradi Street): Rs 8,800 per sq.ft (2024)
• Burrah Sahib Street: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Byramjung Bahadur Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, totaling Rs 6,93,000. 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 precise calculations.

Which Sub Registrar Office covers Byramjung Bahadur Street?

The Sub Registrar Office that covers Byramjung Bahadur Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process for property transactions in Triplicane. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that all transactions are conducted fairly and transparently.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Byramjung Bahadur Street?

The current guideline value of Byramjung Bahadur Street is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with a decrease from Rs 7,000 per sq.ft in 2012 to Rs 4,690 per sq.ft in 2017. It then increased to Rs 7,700 per sq.ft in 2024.

What is the median guideline value for streets in Triplicane?

The median guideline value for streets in Triplicane is Rs 6,600 per sq.ft. Byramjung Bahadur Street's current guideline value is above this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 77,00,000, the stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, totaling Rs 6,93,000.

Where can I find my Sub Registrar Office?

The Sub Registrar Office for Byramjung Bahadur Street is located at No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai-600014. You can find more information by visiting the relevant link.