Guideline Value for BARATHI DASAN STREET 1st CROSS

BARATHI DASAN STREET 1st CROSS guideline value

The current guideline value of BARATHI DASAN STREET 1st CROSS is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Karapakkam village under the Neelankarai SRO, classified as Residential Class II Type - III.

How the guideline value of BARATHI DASAN STREET 1st CROSS has changed

The guideline value for BARATHI DASAN STREET 1st CROSS has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in 2017. Following this, the value increased to Rs 1,500 per sq.ft in 2023, and further rose to Rs 1,700 per sq.ft in 2024, marking a 13% increase from the previous year. Overall, from 2012 to 2024, the value has increased by 13%.

There are no figures available in the register for the years 2002, 2003, and 2007 for this street. The increase from 2017 to 2023 was significant at 49%, while the decrease from 2012 to 2017 was 33%.

Guideline values in Karapakkam

In Karapakkam, there are 185 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 10,700 per sq.ft, with a median value of Rs 1,700 per sq.ft. The guideline value for BARATHI DASAN STREET 1st CROSS matches this median.

• BARATHI DASAN STREET 2nd CROSS: Rs 1,700 per sq.ft (2024)
• Barathi Dasan Street: Rs 1,700 per sq.ft (2024)
• Barathyar Street: Rs 2,200 per sq.ft (2024)
• B.S.B.Tadi India Ltd: Rs 2,200 per sq.ft (2024)
• Burial Ground Road: Rs 1,000 per sq.ft (2024)
• Avvaiyar Street (West): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in BARATHI DASAN STREET 1st CROSS

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, making the total cost for these fees Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers BARATHI DASAN STREET 1st CROSS?

The Sub Registrar Office covering BARATHI DASAN STREET 1st CROSS is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

When buying or selling property in Karapakkam, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is a government-assessed value of the property that helps in calculating the tax liabilities during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value as it affects the overall cost of the transaction. The registration office uses this value to ensure that the transaction is recorded accurately and that the necessary taxes are collected.

Frequently asked questions

What is the current guideline value of BARATHI DASAN STREET 1st CROSS?

The current guideline value of BARATHI DASAN STREET 1st CROSS is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the land classification of BARATHI DASAN STREET 1st CROSS?

BARATHI DASAN STREET 1st CROSS is classified as Residential Class II Type - III.

Which Sub Registrar Office covers this street?

The Neelankarai Sub Registrar Office covers BARATHI DASAN STREET 1st CROSS, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 at 7%.