Guideline Value for BARATHIYAMMAN NAGAR

Barathiyamman Nagar guideline value

The current guideline value of Barathiyamman Nagar is Rs 220 per sq.ft, effective from 1 July 2024. This street is located in Vallur village and falls under the Thiruvottiyur SRO, classified as Residential Class II Type - I.

How the guideline value of Barathiyamman Nagar has changed

The guideline value for Barathiyamman Nagar has seen several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 134 per sq.ft. This increased to Rs 200 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 220 per sq.ft, reflecting a further increase of 10% from the previous year.

There are no recorded figures for Barathiyamman Nagar for the years 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Vallur

In Vallur, there are 75 streets under the Thiruvottiyur SRO with a 2024 guideline value ranging from Rs 220 to Rs 551 per sq.ft. Barathiyamman Nagar's 2024 figure aligns with the median value of Rs 220 per sq.ft. Below are the guideline values for other streets in Vallur:

• Balamurugan Nagar: Rs 220 per sq.ft (2024)
• Bharathi Nagar: Rs 220 per sq.ft (2024)
• Bijiva Nagar: Rs 220 per sq.ft (2024)
• B. Jeeva Nagar: Rs 220 per sq.ft (2024)
• Bagavathiyamman Nagar: Rs 220 per sq.ft (2024)
• Chamundeeswari Nagar: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Barathiyamman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 220 per sq.ft, the guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, totaling Rs 19,800. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Barathiyamman Nagar?

The Sub Registrar Office that covers Barathiyamman Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vallur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these are based on a standardized valuation of the property.

When a property is sold, the guideline value is used to determine the minimum value for which the property can be registered. This helps maintain transparency and fairness in property transactions, as the guideline value reflects the official valuation set by the government.

Frequently asked questions

What is the current guideline value of Barathiyamman Nagar?

The current guideline value of Barathiyamman Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 134 per sq.ft to Rs 220 per sq.ft in 2024, marking an overall increase of 64%.

What are the stamp duty and registration fees for a property in Barathiyamman Nagar?

For a property valued at Rs 2,20,000, the stamp duty would be Rs 15,400, and the registration fee would be Rs 4,400, totaling Rs 19,800.

Which Sub Registrar Office should I visit for property transactions in Barathiyamman Nagar?

The Thiruvottiyur Sub Registrar Office covers Barathiyamman Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the land classification for Barathiyamman Nagar?

Barathiyamman Nagar is classified as Residential Class II Type - I, indicating its use for residential purposes.