Guideline Value for Barani Nagar

Barani Nagar guideline value

The current guideline value of Barani Nagar, located in Mathuranthagam village under the Madurandakam SRO, is Rs 1,110 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Barani Nagar has changed

The guideline value for Barani Nagar has undergone several revisions over the years. In 2007, the value was Rs 350 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, it saw a decrease to Rs 670 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 1,000 per sq.ft, and the most recent revision in 2024 set it at Rs 1,110 per sq.ft.

Between these revisions, the changes were notable. From 2007 to 2012, there was a remarkable increase of 186%. However, from 2012 to 2017, the value decreased by 33%. The value then increased by 49% from 2017 to 2023, and the latest revision from 2023 to 2024 reflects an increase of 11%. Overall, from 2007 to 2024, the guideline value has risen by 217%.

Guideline values in Mathuranthagam

Mathuranthagam village has 109 streets under the Madurandakam SRO, with guideline values for 2024 ranging from Rs 440 to Rs 1,480 per sq.ft. The median value is Rs 1,100 per sq.ft, placing Barani Nagar's 2024 figure at the median level.

• Bakkiyalakshmi Nagar: Rs 660 per sq.ft (2024)
• Car Steet: Rs 1,110 per sq.ft (2024)
• Chelliamman Nagar: Rs 715 per sq.ft (2024)
• Arulaleeswaran Pillayar Koil Street: Rs 1,110 per sq.ft (2024)
• Arulaleeswaran Koil, Vannan Kullakkarai Street, Othiyan Kulakkarai Street: Rs 555 per sq.ft (2024)
• Arulaleeswaran Koil Street: Rs 1,110 per sq.ft (2024)

Stamp duty and registration fee for property in Barani Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,110 per sq.ft, the total guideline value amounts to Rs 11,10,000. The stamp duty, charged at 7%, would be Rs 77,700, and the registration fee at 2% would be Rs 22,200, bringing the total cost for these fees to Rs 99,900. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Barani Nagar?

The Sub Registrar Office that covers Barani Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Mathuranthagam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration laws.

When a property is sold or purchased, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that all transactions are recorded accurately and fairly in the official register.

Frequently asked questions

What is the current guideline value of Barani Nagar?

The current guideline value of Barani Nagar is Rs 1,110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2007 to Rs 1,110 per sq.ft in 2024, reflecting an overall increase of 217% over the years.

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

Other streets in Mathuranthagam include Bakkiyalakshmi Nagar at Rs 660 per sq.ft, Car Steet at Rs 1,110 per sq.ft, and Chelliamman Nagar at Rs 715 per sq.ft, among others.

What are the stamp duty and registration fees for property in Barani Nagar?

For a property valued at Rs 11,10,000, the stamp duty would be Rs 77,700 and the registration fee would be Rs 22,200, totaling Rs 99,900.

Which Sub Registrar Office covers Barani Nagar?

The Madurandakam Sub Registrar Office covers Barani Nagar, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.