Guideline Value for BARATHIDASAN STREET

Barathidasan Street guideline value

The current guideline value of Barathidasan Street is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Mambalam village under the Thiyagaraya nagar SRO, classified as Residential Class I Type - II.

How the guideline value of Barathidasan Street has changed

Barathidasan Street has seen several revisions in its guideline value over the years. In the 2007 revision, the guideline value was Rs 1,000 per sq.ft, which increased significantly to Rs 7,000 per sq.ft in 2012, marking a rise of 600%. However, the value decreased to Rs 4,690 per sq.ft in the 2017 revision, a drop of 33%. The 2023 revision set the value at Rs 7,000 per sq.ft, which then increased by 10% to reach the current value of Rs 7,700 per sq.ft in 2024.

There are no figures available for the years 2002 and 2003 in the register 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 with a 2024 guideline value ranging from Rs 4,400 to Rs 22,000 per sq.ft. The median value is Rs 6,600 per sq.ft, making Barathidasan Street's current value above this median.

• Barathidasan East Street Appavoo Nagar: 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 Street

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. Please 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 more details.

Which Sub Registrar Office covers Barathidasan Street?

The Sub Registrar Office that covers Barathidasan Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value is an essential benchmark used during the registration of property transactions in Mambalam. It helps determine the stamp duty and registration fees applicable when buying or selling property.

When a property is sold, the guideline value serves as a reference point to ensure that the transaction is registered at a fair value, which is crucial for tax purposes. Buyers and sellers should be aware of the current guideline value to understand their financial obligations 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 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 1,000 per sq.ft in 2007, increasing to Rs 7,700 per sq.ft in 2024, with various revisions in between.

What is the land classification of Barathidasan Street?

Barathidasan Street is classified as Residential Class I Type - II.

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

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 Barathidasan Street?

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