Guideline Value for BARATHI NAGAR ALL STREETS

Barathi Nagar All Streets guideline value

The current guideline value for Barathi Nagar All Streets is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class III Type - II.

How the guideline value of Barathi Nagar All Streets has changed

The guideline value for Barathi Nagar All Streets has seen several revisions over the years. The earliest recorded figure was Rs 600 per sq.ft in 2007, which increased significantly to Rs 2,500 per sq.ft in 2012. However, this value then decreased to Rs 1,675 per sq.ft in 2017. Following this, the value rose sharply to Rs 2,500 per sq.ft in 2023, and most recently, it has reached Rs 2,700 per sq.ft in the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Examining the changes between revisions, from 2007 to 2012, the value increased by 317%. However, it saw a decrease of 33% from 2012 to 2017. The value then surged by 49% from 2017 to 2023, and finally, there was an increase of 8% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 350%.

Guideline values in Perambur

In Perambur, there are a total of 1114 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, which is equal to the current guideline value for Barathi Nagar All Streets.

• Barathi Road: Rs 6,400 per sq.ft (2024)
• Barathi Road 1st Street: Rs 5,400 per sq.ft (2024)
• Barathi Road 2nd Street: Rs 5,400 per sq.ft (2024)
• Barathidasan Street: Rs 2,700 per sq.ft (2024)
• Barathamatha Street: Rs 3,800 per sq.ft (2024)
• Barathamatha 3rd Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Barathi Nagar All Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Barathi Nagar All Streets?

The Sub Registrar Office that covers Barathi Nagar All Streets 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 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 helps determine the minimum value at which the property can be registered. Buyers and sellers should be aware that the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring compliance with legal requirements.

Frequently asked questions

What is the current guideline value for Barathi Nagar All Streets?

The current guideline value for Barathi Nagar All Streets is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 350% over this period.

What are the stamp duty rates applicable in Barathi Nagar All Streets?

The stamp duty rate applicable in Barathi Nagar All Streets is 7% of the guideline value or sale price, whichever is higher.

Which office handles registrations for Barathi Nagar All Streets?

The Purasaivakkam Sub Registrar Office handles registrations for Barathi Nagar All Streets, 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, which is the same as the current value for Barathi Nagar All Streets.