Guideline Value for Baraniputhur Main Road

Baraniputhur Main Road guideline value

The current guideline value of Baraniputhur Main Road is Rs 1,450 per sq.ft, effective from 1 July 2024. This road is located in Baraniputjur village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Baraniputhur Main Road has changed

The guideline value for Baraniputhur Main Road has undergone several revisions over the years. The earliest recorded revision in 2007 set the value at Rs 250 per sq.ft. This figure saw a significant increase to Rs 1,300 per sq.ft in 2012, marking a rise of 420%. However, the value then decreased to Rs 872 per sq.ft in 2017, reflecting a decline of 33%. The 2023 revision brought the value up to Rs 1,302 per sq.ft, a notable increase of 49% from the previous figure. The latest revision in 2024 has set the guideline value at Rs 1,450 per sq.ft, which is an 11% increase from 2023.

The register does not have figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 480%.

Guideline values in Baraniputjur

In Baraniputjur, there are 39 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 700 to Rs 2,500 per sq.ft. The median value for these streets is Rs 1,210 per sq.ft, positioning Baraniputhur Main Road above this median at Rs 1,450 per sq.ft.

• Bajanai Koil Street: Rs 1,210 per sq.ft (2024)
• A.N.E Avenue: Rs 1,500 per sq.ft (2024)
• Andavar Nagar: Rs 1,210 per sq.ft (2024)
• Amman Nagar: Rs 1,450 per sq.ft (2024)
• Ellaiyamman koil Street: Rs 1,210 per sq.ft (2024)
• A.D.L.Nagar: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Baraniputhur Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,450 per sq.ft, the total guideline value would be Rs 14,50,000. The stamp duty at 7% would amount to Rs 1,01,500, and the registration fee at 2% would be Rs 29,000, bringing the total fees to Rs 1,30,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Baraniputhur Main Road?

The Sub Registrar Office that covers Baraniputhur Main Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more details, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Baraniputjur. It serves as a reference point for determining the stamp duty and registration fees that must be paid, ensuring that these costs are calculated based on the established values set by the Registration Department.

When you register a property, the guideline value helps in establishing the legal value of the property, which can influence the overall transaction process. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations and to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Baraniputhur Main Road?

The current guideline value of Baraniputhur Main Road is Rs 1,450 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 250 per sq.ft in 2007 to Rs 1,450 per sq.ft in 2024, reflecting an overall increase of 480% over the years.

What are the guideline values of other streets in Baraniputjur?

Other streets in Baraniputjur have varying guideline values, with rates ranging from Rs 700 to Rs 2,500 per sq.ft. The median value for these streets is Rs 1,210 per sq.ft.

What are the stamp duty and registration fees for property in Baraniputhur Main Road?

The stamp duty for a property valued at Rs 14,50,000 is Rs 1,01,500, and the registration fee is Rs 29,000, totaling Rs 1,30,500.

Which office handles registrations for Baraniputhur Main Road?

The Kunrathur Sub Registrar Office handles registrations for Baraniputhur Main Road, located at No.59, Road Street, Kundrathur, Chennai -600 069.