Guideline Value for BARATHI DASAN STREET 2nd CROSS

BARATHI DASAN STREET 2nd CROSS guideline value

The current guideline value of BARATHI DASAN STREET 2nd CROSS is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Karapakkam village, under the Neelankarai SRO, and is classified as Residential Class II Type - III.

How the guideline value of BARATHI DASAN STREET 2nd CROSS has changed

The guideline value for BARATHI DASAN STREET 2nd CROSS has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,700 per sq.ft, which is an increase of 13% from Rs 1,500 per sq.ft in the 2023 revision. Prior to that, the value was Rs 1,005 per sq.ft in 2017, marking a significant increase of 49% from the previous 2012 figure of Rs 1,500 per sq.ft. It is important to note that the register has no figure for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. Overall, comparing the figures from 2012 to 2024, there has been a modest increase of 13%, reflecting the current value of Rs 1,700 per sq.ft, which aligns with the median value of Rs 1,700 per sq.ft for other streets in Karapakkam.

Guideline values in Karapakkam

In Karapakkam, there are 185 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 10,700 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, which is the same as the guideline value for BARATHI DASAN STREET 2nd CROSS. Below are some of the other streets in Karapakkam:

• BARATHI DASAN STREET 1st 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 2nd 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. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers BARATHI DASAN STREET 2nd CROSS?

The Sub Registrar Office that covers BARATHI DASAN STREET 2nd CROSS is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

When buying or selling property in Karapakkam, the guideline value is crucial as it determines the minimum value at which the property can be registered. This value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation rather than individual sale prices.

It is essential for buyers and sellers to be aware of the guideline value, as it impacts the overall cost of property transactions. The guideline value helps maintain transparency and consistency in property dealings, providing a clear framework for registration processes.

Frequently asked questions

What is the current guideline value for BARATHI DASAN STREET 2nd CROSS?

The current guideline value for BARATHI DASAN STREET 2nd 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 2023 to Rs 1,700 per sq.ft in 2024, an increase of 13%. It was Rs 1,005 per sq.ft in 2017, showing a 49% increase from the previous 2012 value of Rs 1,500 per sq.ft.

What is the land classification for BARATHI DASAN STREET 2nd CROSS?

BARATHI DASAN STREET 2nd CROSS is classified as Residential Class II Type - III, indicating its suitability for residential development.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is 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 BARATHI DASAN STREET 2nd CROSS?

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