Guideline Value for BARATHAMATHA 2ND STREET

Barathamatha 2nd Street guideline value

The current guideline value of Barathamatha 2nd Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class II Type - II.

How the guideline value of Barathamatha 2nd Street has changed

The guideline value for Barathamatha 2nd Street has seen 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. However, it then decreased to Rs 2,345 per sq.ft in 2017. The value rose again to Rs 3,500 per sq.ft in 2023, and currently stands at Rs 3,800 per sq.ft as per the 2024 revision. There are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 9%. The overall change from 2007 to 2024 is an increase of 533%, reflecting the significant growth in the value of this street over the years.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, making the current guideline value of Barathamatha 2nd Street above this median.

• Barathamatha 1st 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 2nd Street

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

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Barathamatha 2nd Street?

The Sub Registrar Office that covers Barathamatha 2nd 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 is a critical factor in the registration process for property transactions in Perambur. It serves as the benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When buying or selling property, both the buyer and seller must consider the guideline value, as it influences the total expenses involved in the transaction. Accurate knowledge of the guideline value helps in planning the financial aspects of property dealings effectively.

Frequently asked questions

What is the current guideline value of Barathamatha 2nd Street?

The current guideline value of Barathamatha 2nd 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 increased from Rs 600 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, showing a significant overall increase of 533% over the years.

What is the stamp duty for property transactions in Barathamatha 2nd Street?

The stamp duty for property transactions is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Barathamatha 2nd Street?

The Sub Registrar Office for Barathamatha 2nd Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What are the guideline values for other streets in Perambur?

Other streets in Perambur have varying guideline values, with Barathamatha 1st Street, Barathamatha 3rd Street, and Barathamatha Street all at Rs 3,800 per sq.ft, while Barathidasan Street and Barathi Nagar All Streets are at Rs 2,700 per sq.ft, and Barathi Road is at Rs 6,400 per sq.ft.