Guideline Value for BARATHI DASAN STREET

Barathi Dasan Street guideline value

The current guideline value of Barathi Dasan Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Karapakkam village and falls under the Neelankarai SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Barathi Dasan Street has changed

Over the years, the guideline value for Barathi Dasan Street has seen significant changes. In 2007, the guideline value was Rs 400 per sq.ft, which rose to Rs 1,500 per sq.ft in 2012, marking an increase of 275%. However, between 2012 and 2017, the value decreased to Rs 1,005 per sq.ft, reflecting a drop of 33%. The subsequent revision in 2017 brought it back up to Rs 1,500 per sq.ft, and by 2023, it had increased to Rs 1,500 per sq.ft again, before reaching the current value of Rs 1,700 per sq.ft in 2024, showing a rise of 13% from the previous year.

The revisions for the years 2002 and 2003 do not have figures available for this street. Overall, from 2007 to 2024, the guideline value has increased by 325%.

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. The median guideline value for these streets is Rs 1,700 per sq.ft, which is equal to the 2024 figure for Barathi Dasan Street.

• BARATHI DASAN STREET 1st CROSS: Rs 1,700 per sq.ft (2024)
• BARATHI DASAN STREET 2nd CROSS: 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

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, the guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, while the registration fee at 2% would be Rs 34,000, totaling 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Barathi Dasan Street?

The Sub Registrar Office that covers Barathi Dasan Street 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Karapakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in accordance with government regulations.

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 fees. This ensures that the state receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Barathi Dasan Street?

The current guideline value of Barathi Dasan Street 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 significantly from Rs 400 per sq.ft in 2007 to Rs 1,700 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Barathi Dasan Street?

The land classification for Barathi Dasan Street is Residential Class II Type - III.

Where can I find the Sub Registrar Office for Barathi Dasan Street?

The Sub Registrar Office for Barathi Dasan Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for property in Barathi Dasan Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 1,19,000.