Guideline Value for Barath Nagar

Barath Nagar guideline value

The current guideline value of Barath Nagar, located in Puthagaram village under the Ambattur SRO, is Rs 1,400 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of Barath Nagar has changed

The guideline value for Barath Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 1,300 per sq.ft, which then dropped to Rs 871 per sq.ft in 2017. Following this, the value rose significantly to Rs 1,300 per sq.ft in 2023, and further increased to Rs 1,400 per sq.ft in 2024, marking an 8% rise from the previous year.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Puthagaram

Puthagaram village has a total of 140 streets under the Ambattur SRO, with 2024 guideline values ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median guideline value for the village is Rs 1,900 per sq.ft, making Barath Nagar's current value of Rs 1,400 per sq.ft below this median.

• Barathi Nagar: Rs 1,400 per sq.ft (2024)
• Balavinayagar Kovil Street(Pelavarai): Rs 2,200 per sq.ft (2024)
• Balavinayagar Kovil Street: Rs 2,200 per sq.ft (2024)
• Balaji Nagar: Rs 1,200 per sq.ft (2024)
• Bajanai Kovil Street: Rs 1,600 per sq.ft (2024)
• Ayyappan Nagar Annex: Rs 1,900 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 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000, making the total cost Rs 1,26,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Barath Nagar?

The Sub Registrar Office that covers Barath Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Puthagaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps ensure that the transaction is registered at a fair value, which is essential for both the buyer and seller. It is important to refer to the latest guideline value to understand the financial implications of property transactions in the area.

Frequently asked questions

What is the current guideline value of Barath Nagar?

The current guideline value of Barath Nagar is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2012 to Rs 871 per sq.ft in 2017, then to Rs 1,300 per sq.ft in 2023, and finally to Rs 1,400 per sq.ft in 2024.

What is the land classification for Barath Nagar?

Barath Nagar falls under the Residential Class III Type - I land classification.

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

The Sub Registrar Office for Barath Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Barath Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 14,00,000, the stamp duty would be Rs 98,000 at 7%.