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Guideline Value

Corporate

Guideline Value for Barani Colony - Arcot Road

₹6600/sq.ft.

The guideline value for Barani Colony - Arcot Road in Saligramam village (Virugambakkam SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Saligramam

Village

Virugambakkam

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2600 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Barani Colony - Arcot Road

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Barani Colony - Arcot Road guideline value

The current guideline value for Barani Colony - Arcot Road is Rs 6,600 per sq.ft, effective from 1 July 2024. This area is located in Saligramam village, under the Virugambakkam SRO, and is classified as Residential Special Type - II.

How the guideline value of Barani Colony - Arcot Road has changed

The guideline value for Barani Colony - Arcot Road has experienced several revisions over the years. In 2007, the value was Rs 2,600 per sq.ft, which increased significantly to Rs 6,000 per sq.ft in 2012. However, this figure dropped to Rs 4,020 per sq.ft in 2017. The value then rose to Rs 6,000 per sq.ft in 2023, before reaching the current rate of Rs 6,600 per sq.ft in 2024.

Between the 2017 and 2023 revisions, there was a notable increase of 49%. The transition from 2012 to 2017 saw a decrease of 33%, while the jump from 2007 to 2012 was substantial at 131%. Overall, from 2007 to 2024, the guideline value has increased by 154%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 13,200 per sq.ft in 2024. The median value for these streets is Rs 4,400 per sq.ft, placing Barani Colony - Arcot Road above this median.

Stamp duty and registration fee for property in Barani Colony - Arcot Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, while the registration fee at 2% would be Rs 1,32,000. Together, the total cost for these fees would be Rs 5,94,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Barani Colony - Arcot Road?

The Sub Registrar Office that covers Barani Colony - Arcot Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Saligramam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Barani Colony - Arcot Road?

The current guideline value of Barani Colony - Arcot Road is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 2,600 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 154% since 2007.

What is the land classification for Barani Colony - Arcot Road?

Barani Colony - Arcot Road is classified as Residential Special Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Barani Colony - Arcot Road?

The Sub Registrar Office for Barani Colony - Arcot Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in Barani Colony - Arcot Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the guideline value of Rs 6,600 per sq.ft would incur a total stamp duty of Rs 4,62,000.