Guideline Value for Barani Colony - Surya street

Barani Colony - Surya street guideline value

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

How the guideline value of Barani Colony - Surya street has changed

The guideline value for Barani Colony - Surya street has undergone several revisions over the years. In 2007, the guideline value was Rs 2,100 per sq.ft. It increased significantly to Rs 6,000 per sq.ft in 2012, marking a rise of 186%. However, it then decreased to Rs 4,020 per sq.ft in 2017, a reduction of 33%. The value rose again to Rs 6,000 per sq.ft in 2023, and most recently, it has been revised to Rs 6,600 per sq.ft in 2024, reflecting a 10% increase.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 214%.

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 as of 2024. The median guideline value for these streets is Rs 4,400 per sq.ft, placing Barani Colony - Surya street's 2024 value above this median.

• Barani Colony - Kannammal Street: Rs 6,600 per sq.ft (2024)
• Barani Colony - Thiivakar Street: Rs 6,600 per sq.ft (2024)
• Barani Colony - Arcot Road: Rs 6,600 per sq.ft (2024)
• Banumathi Ramakrishna Street: Rs 6,600 per sq.ft (2024)
• Bangaru Street: Rs 6,600 per sq.ft (2024)
• Baskar Colony: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Barani Colony - Surya street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, while the registration fee at 2% would be Rs 1,32,000, bringing the total fees to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Barani Colony - Surya street?

The Sub Registrar Office that covers Barani Colony - Surya street 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 during property registration in Saligramam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers must ensure that they are aware of the current guideline value to avoid any discrepancies during the registration process.

When a property is sold, the guideline value serves as a benchmark for assessing the minimum value on which stamp duty is calculated. This ensures that the transaction is recorded at a value that reflects the official rates set by the government.

Frequently asked questions

What is the current guideline value of Barani Colony - Surya street?

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

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 2,100 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 214% over this period.

What are the stamp duty rates for properties in Barani Colony - Surya street?

The stamp duty rate for properties in Barani Colony - Surya street is 7%, calculated on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Barani Colony - Surya street?

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

What is the land classification for Barani Colony - Surya street?

Barani Colony - Surya street is classified as Residential Special Type - II, which is important for understanding the zoning regulations applicable to this area.