Guideline Value for BARATHI STREET EAST TO WEST WESTERN SIDE OF ARANGANATHA SUBWAY

Barathi Street East To West Western Side Of Aranganatha Subway guideline value

The current guideline value for Barathi Street East To West Western Side Of Aranganatha Subway is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Mambalam village and falls under the Thiyagaraya nagar SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Barathi Street East To West Western Side Of Aranganatha Subway has changed

The guideline value for Barathi Street has seen significant changes over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased dramatically to Rs 7,000 per sq.ft in 2012, marking a rise of 600%. However, from 2012 to 2017, the value decreased to Rs 4,690 per sq.ft, reflecting a decline of 33%. The value then rose again to Rs 7,000 per sq.ft in 2023, a substantial increase of 49%. The most recent revision in 2024 has set the guideline value at Rs 7,700 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 670%.

Guideline values in Mambalam

In Mambalam, there are 163 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value, ranging from Rs 4,400 to Rs 22,000 per sq.ft. The median value for these streets is Rs 6,600 per sq.ft, which means that the guideline value for Barathi Street is above this median.

• Barathidasan Street: Rs 7,700 per sq.ft (2024)
• Barathidasan East Street Appavoo Nagar: Rs 7,700 per sq.ft (2024)
• Bazaar Road: Rs 12,100 per sq.ft (2024)
• BAZAAR ROAD Ist LANE: Rs 6,600 per sq.ft (2024)
• Balakrishna Street: Rs 7,700 per sq.ft (2024)
• Balaji Singh Street: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Barathi Street East To West Western Side Of Aranganatha Subway

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value would be Rs 77,00,000. The stamp duty at 7% would amount to Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, bringing the total to Rs 6,93,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Barathi Street East To West Western Side Of Aranganatha Subway?

The Sub Registrar Office that covers Barathi Street East To West Western Side Of Aranganatha Subway is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process for property transactions in Mambalam. It serves as a benchmark for determining the minimum price at which a property can be registered. When a buyer and seller agree on a sale price, the registration office will charge stamp duty and registration fees based on the higher of the guideline value or the agreed sale price.

This ensures that all property transactions are recorded accurately and transparently, reflecting the true value of the property as per the established guidelines. It is essential for both buyers and sellers to be aware of the current guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Barathi Street East To West Western Side Of Aranganatha Subway?

The current guideline value for Barathi Street East To West Western Side Of Aranganatha Subway is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,000 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 670% over the years.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 77,00,000, the stamp duty would be Rs 5,39,000 and the registration fee would be Rs 1,54,000, totaling Rs 6,93,000.

Which office handles property registration for Barathi Street?

The Thiyagaraya nagar Sub Registrar Office handles property registration for Barathi Street East To West Western Side Of Aranganatha Subway, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35.

What is the median guideline value for streets in Mambalam?

The median guideline value for the 163 streets in Mambalam under the Thiyagaraya nagar SRO is Rs 6,600 per sq.ft, with Barathi Street's value being above this median.