Guideline Value for BARATHI NAGAR

Barathi Nagar guideline value

The current guideline value of Barathi Nagar, located in Pariri village under the Chengleput Joint II SRO, is Rs 700 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Mixed Special Type - I.

How the guideline value of Barathi Nagar has changed

In the 2012 revision, the guideline value was set at Rs 700 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 469 per sq.ft, marking a decline of 33%. However, from 2017 to the 2023 revision, the value increased significantly by 49%, bringing it back to Rs 700 per sq.ft. The 2024 revision has maintained this figure, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the only revisions available for Barathi Nagar are from 2012, 2017, 2023, and 2024.

Guideline values in Pariri

In Pariri village, there are eight streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 1,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft, which is equal to the 2024 figure for Barathi Nagar.

• Arunachala Nagar: Rs 700 per sq.ft (2024)
• Elumalai Nagar: Rs 700 per sq.ft (2024)
• Ganesh Nagar: Rs 700 per sq.ft (2024)
• Jeeva Nagar: Rs 1,000 per sq.ft (2024)
• Parasakthi Nagar: Rs 700 per sq.ft (2024)
• Sri Baba Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Barathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, making the total fees together Rs 63,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Barathi Nagar?

The Sub Registrar Office that covers Barathi Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the property registration process in Pariri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property in Barathi Nagar, the guideline value helps both parties understand the official valuation of the property. It is crucial for buyers to be aware of this value to ensure they are paying a fair price and for sellers to set realistic expectations in their pricing.

Frequently asked questions

What is the current guideline value of Barathi Nagar?

The current guideline value of Barathi Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent being a return to Rs 700 per sq.ft in 2023, which has remained the same in 2024. The value decreased to Rs 469 per sq.ft in 2017 from Rs 700 per sq.ft in 2012.

What is the land classification for Barathi Nagar?

The land classification for Barathi Nagar is Mixed Special Type - I, indicating its diverse usage potential.

Where can I find the Sub Registrar Office for Barathi Nagar?

The Sub Registrar Office for Barathi Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for property in Barathi Nagar?

The stamp duty for property in Barathi Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 700 per sq.ft, the stamp duty would be Rs 49,000.