Guideline Value for BARATHI NAGAR

Barathi Nagar guideline value

The current guideline value of Barathi Nagar, located in Walajabad village under the Walajabad SRO, is Rs 750 per sq.ft. This value is effective from 1 July 2024. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Barathi Nagar has changed

The guideline value for Barathi Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 750 per sq.ft. The 2017 revision recorded a lower value of Rs 502 per sq.ft, marking a decrease of 33% from the 2012 figure. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%, returning to Rs 750 per sq.ft. The most recent revision in 2024 maintains this value, resulting in a total change of 0% from the 2012 figure to the present. Overall, the guideline value has remained stable from 2012 to 2024.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO with a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft. The median value is Rs 750 per sq.ft, which is equal to the guideline value of Barathi Nagar.

• Bazaar Street: Rs 750 per sq.ft (2024)
• Beemaraya Mudhaliar Street: Rs 750 per sq.ft (2024)
• Bhagavathimman Koil St: Rs 750 per sq.ft (2024)
• Balaji Nagar @ Sunshaine Nagar: Rs 500 per sq.ft (2024)
• Balaji Nagar: Rs 750 per sq.ft (2024)
• Bharathi Nagar: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Barathi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 750 per sq.ft, the guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, totaling Rs 67,500. Duty is charged on the higher of the guideline value or the sale price. 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 Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is an essential factor during property registration in Walajabad. It determines the amount of stamp duty and registration fees that need to be paid, ensuring that these costs are based on the official valuation of the property.

When buying or selling property, the guideline value helps in establishing a fair transaction price. It serves as a benchmark for both buyers and sellers to understand the legal and financial implications of the property transfer.

Frequently asked questions

What is the current guideline value of Barathi Nagar?

The current guideline value of Barathi Nagar is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 502 per sq.ft in 2017 to Rs 750 per sq.ft in 2023 and remains at this value in 2024. The value was also Rs 750 per sq.ft in the 2012 revision.

What is the land classification for Barathi Nagar?

Barathi Nagar falls under the land classification of Residential Class IV Type - I.

Where can I find the Walajabad Sub Registrar Office?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500 at 7%.