Guideline Value for BARNABY AVENUE

Barnaby Avenue guideline value

The current guideline value of Barnaby Avenue in Purasaivakkam village is Rs 13,200 per sq.ft. This value is effective from 1 July 2024 and is classified under Residential Special Type - I in the Purasaivakkam SRO.

How the guideline value of Barnaby Avenue has changed

Since the 2007 revision, when the guideline value was Rs 2,800 per sq.ft, there have been significant changes. The value rose to Rs 12,000 per sq.ft in 2012, a substantial increase of 329%. However, it then decreased to Rs 8,040 per sq.ft in 2017, marking a decline of 33%. Following that, the value surged to Rs 12,000 per sq.ft in 2023, which was a 49% increase. The most recent revision in 2024 sees the value at Rs 13,200 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for Barnaby Avenue in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 371%.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft, with a median value of Rs 5,500 per sq.ft. Barnaby Avenue's 2024 guideline value is significantly above this median.

• Barnaby Road: Rs 13,200 per sq.ft (2024)
• Barnaby Road Lane: Rs 7,700 per sq.ft (2024)
• Barracks Gate Lane: Rs 5,500 per sq.ft (2024)
• Barracks Gate Road: Rs 5,500 per sq.ft (2024)
• Baracka Road 2nd Street Lane: Rs 5,500 per sq.ft (2024)
• Baracka Road 2nd Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Barnaby Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value amounts to Rs 1,32,00,000. The stamp duty at 7% would be Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, bringing the total fees to Rs 11,88,000. The duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Barnaby Avenue?

The Sub Registrar Office that covers Barnaby Avenue 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 Purasaivakkam

The guideline value is a crucial factor in property transactions in Purasaivakkam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable taxes. It is essential for both parties to understand this value to avoid any discrepancies during the registration of the property.

Frequently asked questions

What is the current guideline value of Barnaby Avenue?

The current guideline value of Barnaby Avenue is Rs 13,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 2,800 per sq.ft in 2007 to Rs 13,200 per sq.ft in 2024, marking an overall increase of 371%.

What is the land classification for Barnaby Avenue?

Barnaby Avenue is classified under Residential Special Type - I as per the Purasaivakkam SRO guidelines.

What are the stamp duty and registration fees for a property in Barnaby Avenue?

For a property valued at Rs 1,32,00,000, the stamp duty would be Rs 9,24,000 and the registration fee would be Rs 2,64,000, totaling Rs 11,88,000.

Which office handles the registration for Barnaby Avenue?

The Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, handles the registration for Barnaby Avenue.