Guideline Value for BARATHI NAGAR

Barathi Nagar guideline value

The current guideline value of Barathi Nagar is Rs 1,000 per sq.ft. This area is located in Ponmar village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Barathi Nagar has changed

Looking at the revisions, the guideline value for Barathi Nagar was Rs 670 per sq.ft in the 2017 revision. The most recent revision in 2023 saw a significant increase to Rs 1,000 per sq.ft, marking a change of +49% from the previous figure.

It is important to note that the register has no figures for the years 2002, 2003, 2007, 2012, and 2024 for this street. Therefore, the only figures available are from the 2017 and 2023 revisions.

Guideline values in Ponmar

Currently, there are no specific village figures provided for Ponmar. Barathi Nagar is one of the areas under the Gooduvancheri SRO. There are no other streets in Ponmar listed in the guideline value register.

Stamp duty and registration fee for property in Barathi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. 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 information.

Which Sub Registrar Office covers Barathi Nagar?

The Sub Registrar Office that covers Barathi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery - 603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions in Ponmar, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it affects the stamp duty and registration fees payable at the time of registration.

When a property is sold, the stamp duty is calculated based on the higher of the guideline value or the agreed sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Barathi Nagar?

The current guideline value of Barathi Nagar is Rs 1,000 per sq.ft, as per the 2023 revision.

When was the last revision of the guideline value for Barathi Nagar?

The last revision of the guideline value for Barathi Nagar was in 2023, where it was updated to Rs 1,000 per sq.ft.

What was the guideline value of Barathi Nagar in 2017?

In the 2017 revision, the guideline value of Barathi Nagar was Rs 670 per sq.ft.

Are there any guideline values for Barathi Nagar in previous years?

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

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, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 70,000.