Guideline Value for Barath Nagar 4th Street

Barath Nagar 4th Street guideline value

The current guideline value of Barath Nagar 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Ernavur village, under the Thiruvottiyur SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Barath Nagar 4th Street has changed

Over the years, the guideline value of Barath Nagar 4th Street has seen several revisions. The earliest recorded figure is from 2007, which was Rs 1,000 per sq.ft. This figure increased significantly to Rs 3,000 per sq.ft in 2012, marking a 200% rise. However, it then decreased to Rs 2,010 per sq.ft in 2017, reflecting a 33% drop. The value then rose to Rs 3,000 per sq.ft in 2023, followed by a further increase to Rs 3,300 per sq.ft in 2024, representing a 10% rise.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 230%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ernavur

In Ernavur, there are 82 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 7,300 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, placing Barath Nagar 4th Street's 2024 figure above this median.

• Barath Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Barath Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Barath Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• Balaji Nagar: Rs 1,600 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,400 per sq.ft (2024)
• Brinadavan Nagar Extension: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Barath Nagar 4th Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Barath Nagar 4th Street?

The Sub Registrar Office that covers Barath Nagar 4th Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial aspect when registering property transactions in Ernavur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these fees are based on a standardized value rather than fluctuating market prices.

When buying or selling property, the guideline value helps in determining the official value of the property for registration purposes. This ensures transparency and consistency in property transactions, as all parties involved can refer to the same guideline value for financial calculations.

Frequently asked questions

What is the current guideline value of Barath Nagar 4th Street?

The current guideline value of Barath Nagar 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, representing an overall increase of 230%.

What is the land classification of Barath Nagar 4th Street?

Barath Nagar 4th Street is classified as Commercial Class I Type - II.

Where can I find the Sub Registrar Office for Barath Nagar 4th Street?

The Sub Registrar Office for Barath Nagar 4th Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated for properties in Barath Nagar 4th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at a rate of 7%.