Guideline Value for BARACKA ROAD

Baracka Road guideline value

The current guideline value of Baracka Road in Purasaivakkam village, under the Purasaivakkam SRO, is Rs 7,700 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - I land classification.

How the guideline value of Baracka Road has changed

The guideline value of Baracka Road has seen several revisions over the years. In 2007, the value was Rs 2,600 per sq.ft. This increased significantly to Rs 7,000 per sq.ft in 2012, marking a 169% rise. However, from 2012 to 2017, the value decreased to Rs 4,690 per sq.ft, a decline of 33%. The value then rose to Rs 7,000 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the value at Rs 7,700 per sq.ft, an increase of 10% from the previous year.

It is worth noting that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 196%.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median value is Rs 5,500 per sq.ft, and Baracka Road's 2024 figure of Rs 7,700 per sq.ft is above this median.

• Baracka Road 1st Street: Rs 5,500 per sq.ft (2024)
• Baracka Road 1st Street Lane: Rs 5,500 per sq.ft (2024)
• Baracka Road 2nd Street: Rs 5,500 per sq.ft (2024)
• Baracka Road 2nd Street Lane: Rs 5,500 per sq.ft (2024)
• Barnaby Avenue: Rs 13,200 per sq.ft (2024)
• Barnaby Road: Rs 13,200 per sq.ft (2024)

Stamp duty and registration fee for property in Baracka Road

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value would be 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, bringing the total to 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Baracka Road?

The Sub Registrar Office that covers Baracka Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Purasaivakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the fees, which can significantly impact the total cost of the transaction. It is essential for both parties to be aware of the current guideline value to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value of Baracka Road?

The current guideline value of Baracka Road 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 changed from Rs 2,600 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 196%.

What is the median guideline value in Purasaivakkam?

The median guideline value in Purasaivakkam is Rs 5,500 per sq.ft, with Baracka Road's current value being above this median.

What are the stamp duty and registration fees for a property on Baracka Road?

For a 1,000 sq.ft property on Baracka Road, the total guideline value is Rs 77,00,000, resulting in a stamp duty of Rs 5,39,000 and a registration fee of Rs 1,54,000, totaling Rs 6,93,000.

Which office handles property registrations for Baracka Road?

The Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, handles property registrations for Baracka Road.