Guideline Value for BARATHIDASAN EAST STREET APPAVOO NAGAR

Barathidasan East Street Appavoo Nagar guideline value

The current guideline value of Barathidasan East Street Appavoo Nagar 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 Barathidasan East Street Appavoo Nagar has changed

The guideline value for Barathidasan East Street Appavoo Nagar has undergone several revisions over the years. In 2003, the guideline value was Rs 892 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007. Following this, the value saw a significant rise to Rs 7,000 per sq.ft in 2012, but then decreased to Rs 4,690 per sq.ft in 2017. The value rose again to Rs 7,000 per sq.ft in 2023 and has now reached Rs 7,700 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 763%. Notably, the register has no figure for this street in 2002, indicating that the revisions began from 2003.

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, placing Barathidasan East Street Appavoo Nagar's 2024 figure above this median.

• Barathidasan Street: Rs 7,700 per sq.ft (2024)
• Barathi Street East To West Western Side Of Aranganatha Subway: 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 Barathidasan East Street Appavoo Nagar

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

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Barathidasan East Street Appavoo Nagar?

The Sub Registrar Office that covers Barathidasan East Street Appavoo Nagar 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 is crucial during property transactions in Mambalam as it determines the minimum value at which a property can be registered. It serves as a reference point for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When buying or selling property, understanding the guideline value helps in assessing the financial obligations involved in the transaction. It is essential for both buyers and sellers to be aware of these values to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value of Barathidasan East Street Appavoo Nagar?

The current guideline value of Barathidasan East Street Appavoo Nagar 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 892 per sq.ft in 2003 to Rs 7,700 per sq.ft in 2024, marking an overall increase of 763% over this period.

What is the land classification for Barathidasan East Street Appavoo Nagar?

The land classification for Barathidasan East Street Appavoo Nagar is Residential Class I Type - II.

What are the stamp duty and registration fees for property transactions?

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 registrations for this area?

The Thiyagaraya nagar Sub Registrar Office handles registrations for Barathidasan East Street Appavoo Nagar, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.