Guideline Value for BARATHAMATHA 3RD STREET

Barathamatha 3rd Street guideline value

The current guideline value of Barathamatha 3rd 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 is classified as Residential Class II Type - II.

How the guideline value of Barathamatha 3rd Street has changed

The guideline value for Barathamatha 3rd Street has seen several revisions over the years. In 2007, the value was set at Rs 600 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012. However, in 2017, it dropped to Rs 2,345 per sq.ft, before rising again to Rs 3,500 per sq.ft in 2023. The latest revision in 2024 has brought the value to Rs 3,800 per sq.ft.

From 2007 to 2012, the value increased by 483%. However, it decreased by 33% from 2012 to 2017. There was a notable increase of 49% from 2017 to 2023, and a further increase of 9% from 2023 to 2024. The overall increase from 2007 to 2024 is 533%. The guideline register has no figures for the years 2002 and 2003 for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry 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 3rd Street is above this median.

• Barathamatha 2nd Street: Rs 3,800 per sq.ft (2024)
• Barathamatha Street: Rs 3,800 per sq.ft (2024)
• Barathamatha 1st 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 3rd Street

For a 1,000 sq.ft plot at the current rate of Rs 3,800 per sq.ft, the guideline value amounts to 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, totaling 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 use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Barathamatha 3rd Street?

The Sub Registrar Office that covers Barathamatha 3rd Street 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 Perambur

The guideline value is a crucial factor in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value of Barathamatha 3rd Street?

The current guideline value of Barathamatha 3rd 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, with various increases and decreases in between.

What are the stamp duty and registration fees for properties in Barathamatha 3rd 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 office handles registrations for Barathamatha 3rd Street?

The Purasaivakkam Sub Registrar Office handles registrations for Barathamatha 3rd Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the median guideline value for streets in Perambur?

The median guideline value for streets in Perambur is Rs 2,700 per sq.ft, with Barathamatha 3rd Street's value being above this median.