Guideline Value for BARATHI ROAD

Barathi Road guideline value

The current guideline value of Barathi Road, located in Perambur village under the Purasaivakkam SRO, is Rs 6,400 per sq.ft, effective from 1 July 2024. This street falls under the Residential Special Type - I land classification.

How the guideline value of Barathi Road has changed

The guideline value for Barathi Road has seen several revisions over the years. In 2003, the value was Rs 633 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007. Following that, the value surged significantly to Rs 6,000 per sq.ft in 2012, but then dropped to Rs 4,020 per sq.ft in 2017. The 2023 revision set the value at Rs 6,000 per sq.ft, which was then raised to Rs 6,400 per sq.ft in the 2024 revision, marking a 7% increase from the previous year. The register has no figure for the year 2002 for this street.

Overall, from 2003 to 2024, the guideline value has increased by 911%. The changes between the revisions include a 500% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, and a 49% increase from 2017 to 2023.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value for Barathi Road is above this median.

• Barathi Road 1st Street: Rs 5,400 per sq.ft (2024)
• Barathi Road 2nd Street: Rs 5,400 per sq.ft (2024)
• Barathi Nagar All Streets: Rs 2,700 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 Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,400 per sq.ft, the total guideline value would be Rs 64,00,000. The stamp duty at 7% would amount to Rs 4,48,000, and the registration fee at 2% would be Rs 1,28,000, bringing the total fees to Rs 5,76,000. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Barathi Road?

The Sub Registrar Office that covers Barathi Road 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 plays a crucial role when buying or selling property in Perambur. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware that the guideline value is a key factor in calculating these fees, ensuring that the transaction is compliant with local regulations.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as determined by the guideline value register.

Frequently asked questions

What is the current guideline value of Barathi Road?

The current guideline value of Barathi Road is Rs 6,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 633 per sq.ft in 2003 to Rs 6,400 per sq.ft in 2024, marking an overall increase of 911% over this period.

What is the land classification for Barathi Road?

Barathi Road is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Barathi Road?

For a property valued at Rs 64,00,000, the stamp duty would be Rs 4,48,000 and the registration fee would be Rs 1,28,000, totaling Rs 5,76,000.

Where is the Sub Registrar Office for Barathi Road located?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, and covers Barathi Road.