Guideline Value for BARATHAMATHA 1ST STREET

Barathamatha 1st Street guideline value

The current guideline value of Barathamatha 1st Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Barathamatha 1st Street has changed

The guideline value for Barathamatha 1st Street has undergone several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012, marking a rise of 483%. However, from 2012 to 2017, the value decreased to Rs 2,345 per sq.ft, a decline of 33%. The value then rose again to Rs 3,500 per sq.ft in 2023, showing a 49% increase. The most recent revision in 2024 set the guideline value at Rs 3,800 per sq.ft, reflecting a 9% 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 533%.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO carrying a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value of Barathamatha 1st Street is above this median, indicating its higher valuation compared to many other streets in the area.

• Barathamatha 2nd Street: Rs 3,800 per sq.ft (2024)
• Barathamatha 3rd Street: Rs 3,800 per sq.ft (2024)
• Barathamatha Street: Rs 3,800 per sq.ft (2024)
• Barathidasan Street: Rs 2,700 per sq.ft (2024)
• Barathi Nagar All Streets: Rs 2,700 per sq.ft (2024)
• Barathi Road: Rs 6,400 per sq.ft (2024)

Stamp duty and registration fee for property in Barathamatha 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty, charged at 7%, would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total fees to Rs 3,42,000. It is essential to note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations based on your property details.

Which Sub Registrar Office covers Barathamatha 1st Street?

The Sub Registrar Office that covers Barathamatha 1st Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Perambur. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. The higher of the guideline value or the sale price is considered for calculating these fees.

Understanding the guideline value is essential for buyers and sellers as it helps in assessing the financial implications of property transactions. It ensures that all parties are aware of the official valuation set by the registration authorities.

Frequently asked questions

What is the current guideline value of Barathamatha 1st Street?

The current guideline value of Barathamatha 1st Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, marking an overall increase of 533%.

What are the other streets in Perambur with similar guideline values?

Other streets in Perambur with a guideline value of Rs 3,800 per sq.ft in 2024 include Barathamatha 2nd Street, Barathamatha 3rd Street, and Barathamatha Street.

What are the stamp duty and registration fees for properties in Barathamatha 1st Street?

For a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000 and the registration fee would be Rs 76,000, totaling Rs 3,42,000.

Which Sub Registrar Office covers Barathamatha 1st Street?

The Purasaivakkam Sub Registrar Office covers Barathamatha 1st Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.