Guideline Value for BARATHYAR STREET

Barathyar Street guideline value

The current guideline value of Barathyar Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Karapakkam village under the Neelankarai SRO, and is classified as Residential Class II Type - II.

How the guideline value of Barathyar Street has changed

The guideline value for Barathyar Street has undergone several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, it saw a decrease to Rs 1,340 per sq.ft in 2017. The value then rose to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft from the 2024 revision. The changes between these revisions include a 300% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024.

It is important to note that the register has no figures for Barathyar Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Karapakkam

In Karapakkam, there are 185 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 10,700 per sq.ft, with a median value of Rs 1,700 per sq.ft. The guideline value for Barathyar Street is above this median.

• BARATHI DASAN STREET 2nd CROSS: Rs 1,700 per sq.ft (2024)
• BARATHI DASAN STREET 1st CROSS: Rs 1,700 per sq.ft (2024)
• Barathi Dasan Street: Rs 1,700 per sq.ft (2024)
• B.S.B.Tadi India Ltd: Rs 2,200 per sq.ft (2024)
• Burial Ground Road: Rs 1,000 per sq.ft (2024)
• Avvaiyar Street (West): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Barathyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that 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 Barathyar Street?

The Sub Registrar Office that covers Barathyar Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Karapakkam. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction. Buyers and sellers should be aware that the guideline value is used to calculate these fees, ensuring compliance with local regulations.

When registering a property, the guideline value must be considered, as it reflects the official valuation set by the government. This value is essential for ensuring that the transaction is recorded accurately and that the appropriate taxes are paid.

Frequently asked questions

What is the current guideline value of Barathyar Street?

The current guideline value of Barathyar Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 340% over this period.

What are the other streets in Karapakkam with their guideline values?

Other streets in Karapakkam include BARATHI DASAN STREET 2nd CROSS, BARATHI DASAN STREET 1st CROSS, Barathi Dasan Street, B.S.B.Tadi India Ltd, Burial Ground Road, and Avvaiyar Street (West), with values ranging from Rs 1,000 to Rs 2,200 per sq.ft.

What is the stamp duty for a property on Barathyar Street?

The stamp duty for a property on Barathyar Street is calculated at 7% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 1,54,000.

Where can I find the Sub Registrar Office for Barathyar Street?

The Sub Registrar Office for Barathyar Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.