Guideline Value for Barath Nagar

Barath Nagar guideline value

The current guideline value of Barath Nagar is Rs 950 per sq.ft, effective from 1 July 2024. This area is located in Selaiyur village under the Selaiyur SRO and is classified as Residential Class IV Type - II.

How the guideline value of Barath Nagar has changed

The guideline value for Barath Nagar has undergone several revisions over the years. In 2007, the value was set at Rs 450 per sq.ft, which increased to Rs 900 per sq.ft in 2012. However, it saw a decline to Rs 603 per sq.ft in 2017. The 2023 revision brought it back up to Rs 900 per sq.ft, and the most recent 2024 revision has set the value at Rs 950 per sq.ft. There are no figures available for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 6%. Overall, from 2007 to 2024, the guideline value has increased by 111%.

Guideline values in Selaiyur

In Selaiyur village, there are 478 streets under the Selaiyur SRO, with 2024 guideline values ranging from Rs 850 to Rs 6,500 per sq.ft. The median value is Rs 2,200 per sq.ft, making Barath Nagar's 2024 figure below the median.

• Bethelpuram: Rs 950 per sq.ft (2024)
• Bethelpuram 1st Cross Street: Rs 950 per sq.ft (2024)
• Bethelpuram 1st Street: Rs 950 per sq.ft (2024)
• Bhagavath Singh Street: Rs 850 per sq.ft (2024)
• Bhagavathy Nagar: Rs 1,600 per sq.ft (2024)
• Balaji Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Barath Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value would be Rs 9,50,000. The stamp duty at 7% would amount to Rs 66,500, and the registration fee at 2% would be Rs 19,000, bringing the total to Rs 85,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Barath Nagar?

The Sub Registrar Office covering Barath Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Selaiyur

The guideline value is a crucial factor during property transactions in Selaiyur, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions are conducted transparently and fairly.

Frequently asked questions

What is the current guideline value of Barath Nagar?

The current guideline value of Barath Nagar is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision in 2024 increasing it to Rs 950 per sq.ft from Rs 900 per sq.ft in 2023. Overall, it has increased by 111% from Rs 450 per sq.ft in 2007 to the current value.

What is the land classification of Barath Nagar?

Barath Nagar is classified as Residential Class IV Type - II, which indicates the type of development and usage allowed in this area.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated in Barath Nagar?

Stamp duty in Barath Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 9,50,000, the stamp duty would be Rs 66,500 at 7%.