Guideline Value for BARATHIDASAN STREET

Barathidasan Street guideline value

The current guideline value of Barathidasan Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class III Type - II.

How the guideline value of Barathidasan Street has changed

The guideline value for Barathidasan Street has undergone several revisions over the years. The earliest recorded value was Rs 369 per sq.ft in 2003, which increased by 36% to Rs 500 per sq.ft in 2007. Following this, the value surged by 400% to reach Rs 2,500 per sq.ft in 2012, but then saw a decrease of 33% to Rs 1,675 per sq.ft in 2017. The 2023 revision set the value at Rs 2,500 per sq.ft, which then increased by 8% to the current value of Rs 2,700 per sq.ft in 2024.

It is important to note that there is no recorded guideline value for Barathidasan Street in 2002. Overall, from 2003 to 2024, the guideline value has increased by 632%.

Guideline values in Perambur

In Perambur, the guideline values for streets under the Purasaivakkam SRO range from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. Barathidasan Street's 2024 guideline value is equal to this median.

• Barathamatha Street: Rs 3,800 per sq.ft (2024)
• Barathamatha 3rd Street: Rs 3,800 per sq.ft (2024)
• Barathi Nagar All Streets: Rs 2,700 per sq.ft (2024)
• Barathamatha 2nd Street: Rs 3,800 per sq.ft (2024)
• Barathamatha 1st Street: Rs 3,800 per sq.ft (2024)
• Barathi Road: Rs 6,400 per sq.ft (2024)

Stamp duty and registration fee for property in Barathidasan Street

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. 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 Barathidasan Street?

The Sub Registrar Office that covers Barathidasan Street 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 is a crucial factor when buying or selling property, as it determines the amount of stamp duty and registration fees that need to be paid. At the time of registration, the property is valued based on the guideline value or the sale price, whichever is higher.

This ensures that the government receives the appropriate revenue from property transactions. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Barathidasan Street?

The current guideline value of Barathidasan Street is Rs 2,700 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 369 per sq.ft in 2003 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 632% over this period.

What are the stamp duty and registration fees for property in Barathidasan Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 2,43,000, which includes Rs 1,89,000 for stamp duty and Rs 54,000 for registration fees.

Which Sub Registrar Office covers Barathidasan Street?

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

What is the land classification of Barathidasan Street?

Barathidasan Street is classified as Residential Class III Type - II, which is relevant for determining its guideline value and usage.