Guideline Value for Maharaja Badmavathi Street

Maharaja Badmavathi Street guideline value

The current guideline value of Maharaja Badmavathi Street is Rs 15,400 per sq.ft. This street is located in Mylapore Part 1 village, under the Chennai Central Joint I SRO. The land classification for this street is Commercial Special Type - II.

How the guideline value of Maharaja Badmavathi Street has changed

The guideline value for Maharaja Badmavathi Street has undergone several revisions over the years. The 2023 revision set the value at Rs 14,000 per sq.ft, while the most recent 2024 revision increased it by 10% to Rs 15,400 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002.

Prior to the 2023 revision, there are no recorded figures for Maharaja Badmavathi Street in the guideline value register. The only available figures are from the 2023 and 2024 revisions, highlighting a significant increase in the guideline value over this short period.

Guideline values in Mylapore Part 1

In Mylapore Part 1, there are 333 streets under the Chennai Central Joint I SRO, with a 2024 guideline value range from Rs 4,400 to Rs 25,300 per sq.ft. The median value for these streets is Rs 8,800 per sq.ft, placing Maharaja Badmavathi Street's value above this median.

• Maharaja Surya Road: Rs 15,400 per sq.ft (2024)
• Maharani Chinnamma Road: Rs 15,400 per sq.ft (2024)
• Mani Mudaliyar Thottam: Rs 7,700 per sq.ft (2024)
• Mariyappan Lane: Rs 7,700 per sq.ft (2024)
• Mariyappan Street: Rs 7,700 per sq.ft (2024)
• Masilamani Road & Street: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Maharaja Badmavathi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 15,400 per sq.ft, the total guideline value amounts to Rs 1,54,00,000. The stamp duty at 7% would be Rs 10,78,000, and the registration fee at 2% would be Rs 3,08,000, bringing the total to Rs 13,86,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Maharaja Badmavathi Street?

The Sub Registrar Office that covers Maharaja Badmavathi Street is the Chennai Central Joint I 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 Mylapore Part 1

The guideline value is a crucial factor when buying or selling property in Mylapore Part 1. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction process.

This value helps ensure that the property is registered at a fair price, reflecting its worth in the market. Buyers and sellers should be aware of the guideline value to avoid discrepancies during registration.

Frequently asked questions

What is the current guideline value of Maharaja Badmavathi Street?

The current guideline value of Maharaja Badmavathi Street is Rs 15,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 14,000 per sq.ft in 2023 to Rs 15,400 per sq.ft in 2024, marking a 10% increase.

What is the registration office for this street?

The registration office for Maharaja Badmavathi Street is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

What are the stamp duty rates applicable?

The stamp duty rate is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2% applicable.

What is the median guideline value in Mylapore Part 1?

The median guideline value for streets in Mylapore Part 1 is Rs 8,800 per sq.ft, while Maharaja Badmavathi Street's value is above this median.