Guideline Value for BARATHAMATHA STREET

Barathamatha Street guideline value

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

How the guideline value of Barathamatha Street has changed

The guideline value for Barathamatha Street has seen several revisions over the years. In 2002, the value was Rs 381 per sq.ft, which increased to Rs 418 per sq.ft in 2003, marking a 10% rise. The value then rose to Rs 600 per sq.ft in 2007, a significant increase of 44%. Following this, in 2012, the value reached Rs 3,500 per sq.ft, reflecting a substantial increase of 483% from the previous revision. However, the value decreased by 33% to Rs 2,345 per sq.ft in 2017. In 2023, the guideline value was revised to Rs 3,500 per sq.ft, and it saw a further increase of 9% to Rs 3,800 per sq.ft in 2024.

Overall, from 2002 to 2024, the guideline value has increased by 897%. There are no revisions for Barathamatha Street in the years not listed above.

Guideline values in Perambur

In Perambur village, 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. The median value for these streets is Rs 2,700 per sq.ft, placing Barathamatha Street's 2024 figure above this median.

• Barathamatha 3rd Street: Rs 3,800 per sq.ft (2024)
• Barathamatha 2nd 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 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, charged at 7%, would amount to Rs 2,66,000, while the registration fee at 2% would be Rs 76,000. Together, the total cost for stamp duty and registration would be Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Barathamatha Street?

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

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

The guideline value plays a crucial role 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 property registration. Buyers should be aware that the registration office will use the guideline value to calculate these fees, ensuring that they are in compliance with local regulations.

When a property is sold, the guideline value is referenced to ensure that the transaction is recorded accurately. It is essential for both buyers and sellers to understand how this value impacts the overall cost of the property transaction.

Frequently asked questions

What is the current guideline value of Barathamatha Street?

The current guideline value of Barathamatha 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 381 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 897% over this period.

What is the land classification for Barathamatha Street?

Barathamatha Street is classified as Residential Class II Type - II according to the local land classification regulations.

What are the stamp duty and registration fees for property in Barathamatha 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 property registrations for Barathamatha Street?

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