Guideline Value for BARNABY ROAD

Barnaby Road guideline value

The current guideline value of Barnaby Road in Purasaivakkam village is Rs 13,200 per sq.ft, effective from 1 July 2024. This street falls under the Purasaivakkam Sub Registrar Office (SRO) and is classified as Residential Special Type - I.

How the guideline value of Barnaby Road has changed

The guideline value of Barnaby Road has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 3,950 per sq.ft. This increased significantly to Rs 12,000 per sq.ft in 2012, marking a 204% rise. However, it then decreased to Rs 8,040 per sq.ft in 2017, which was a decline of 33%. The value jumped to Rs 12,000 per sq.ft again in 2023, representing a 49% increase. The most recent revision in 2024 set the value at Rs 13,200 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for Barnaby Road for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 234%.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that have a 2024 guideline value, which ranges from Rs 2,200 to Rs 18,100 per sq.ft. The median value for these streets is Rs 5,500 per sq.ft, placing Barnaby Road's 2024 guideline value above this median.

• Barnaby Avenue: 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 Road

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 to Rs 11,88,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Barnaby Road?

The Sub Registrar Office that covers Barnaby Road 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 determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. It is essential for both buyers and sellers to be aware of the current guideline values to make informed decisions during property registration.

Frequently asked questions

What is the current guideline value of Barnaby Road?

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

How much has the guideline value changed over the years?

The guideline value has changed from Rs 3,950 per sq.ft in 2007 to Rs 13,200 per sq.ft in 2024, representing an overall increase of 234%.

What is the land classification for Barnaby Road?

Barnaby Road is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Barnaby Road?

The Sub Registrar Office for Barnaby Road is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties on Barnaby Road?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 1,32,00,000 would incur a stamp duty of Rs 9,24,000.