Guideline Value for Barath Avenue I

Barath Avenue I guideline value

The current guideline value of Barath Avenue I is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - II.

How the guideline value of Barath Avenue I has changed

In the 2017 revision, the guideline value was set at Rs 1,675 per sq.ft. The most recent revision in 2024 has increased this to Rs 2,750 per sq.ft, marking a significant change of +64% over the seven-year period.

There are no figures available for the revisions in the years 2023, 2012, 2007, 2003, and 2002 for Barath Avenue I. The increase from the 2017 figure to the 2024 figure reflects the adjustments made in the guideline value for this street.

Guideline values in Chitlapakkam

Chitlapakkam has a total of 548 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value in this village is Rs 1,650 per sq.ft, indicating that Barath Avenue I's 2024 figure of Rs 2,750 per sq.ft is above this median.

• Barath Avenue: Rs 2,750 per sq.ft (2024)
• Banu Avenue: Rs 1,650 per sq.ft (2024)
• Balu Avenue: Rs 2,750 per sq.ft (2024)
• Balavinayagar Koil Street: Rs 3,300 per sq.ft (2024)
• Beeshmar Street: Rs 1,650 per sq.ft (2024)
• Bharathan Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Barath Avenue I

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees to Rs 2,47,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Barath Avenue I?

The Sub Registrar Office that covers Barath Avenue I is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of property transactions in Chitlapakkam. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the higher value between the guideline value and the sale price is considered for calculating the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value of Barath Avenue I?

The current guideline value of Barath Avenue I is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,750 per sq.ft, which is a change of +64%.

Are there any revisions without figures for Barath Avenue I?

Yes, the revisions for the years 2023, 2012, 2007, 2003, and 2002 do not have figures listed for Barath Avenue I in the register.

What is the median guideline value in Chitlapakkam?

The median guideline value in Chitlapakkam is Rs 1,650 per sq.ft, with Barath Avenue I's 2024 figure being above this median.

Where is the Sub Registrar Office for Barath Avenue I located?

The Sub Registrar Office for Barath Avenue I is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.