Guideline Value for BARANI GARDEN

Barani Garden guideline value

The current guideline value of Barani Garden, located in Pazhaveri village under the Salavakkam SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Barani Garden has changed

The guideline value for Barani Garden has undergone several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 80 per sq.ft. This value saw a decrease to Rs 54 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 100 per sq.ft, marking an 85% rise. The 2023 revision maintained the same rate of Rs 100 per sq.ft, which will also apply in the 2024 revision.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 25%.

Guideline values in Pazhaveri

In Pazhaveri, there are four streets under the Salavakkam SRO that have a guideline value for 2024, ranging from Rs 100 to Rs 102 per sq.ft, with a median value of Rs 102 per sq.ft. The guideline value for Barani Garden is below this median.

• Anjhanaa Nagar Phase-1: Rs 102 per sq.ft (2024)
• Anjana Nagar Phase-II: Rs 102 per sq.ft (2024)
• Sri Sai Avenue: Rs 101 per sq.ft (2024)

Stamp duty and registration fee for property in Barani Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total fees to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Barani Garden?

The Barani Garden area is covered by the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property in Pazhaveri. It determines the amount of stamp duty and registration fees that will be applicable during the transaction. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to assess the transaction value for tax purposes. This ensures that both parties are aware of the financial obligations associated with the sale or purchase of property in the area.

Frequently asked questions

What is the current guideline value of Barani Garden?

The current guideline value of Barani Garden is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 80 per sq.ft in 2012 to Rs 54 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023 and 2024. Overall, from 2012 to 2024, the value has increased by 25%.

What is the registration office for Barani Garden?

The Salavakkam Sub Registrar Office covers Barani Garden, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

What are the stamp duty and registration fees for Barani Garden?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 9,000 based on the current guideline value.

What is the land classification of Barani Garden?

Barani Garden falls under the Residential Class II Type - I land classification, indicating its suitability for residential development.