Guideline Value for Barathi Journalist Nagar

Barathi Journalist Nagar guideline value

The current guideline value for Barathi Journalist Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Kanchivakkam village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Barathi Journalist Nagar has changed

The guideline value for Barathi Journalist Nagar has undergone several revisions over the years. In 2007, the value was Rs 50 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012. However, it then dropped to Rs 402 per sq.ft in 2017. The subsequent revision in 2023 maintained the value at Rs 600 per sq.ft, which remains unchanged in the 2024 revision.

From 2007 to 2012, there was a remarkable increase of 1100%, followed by a decrease of 33% from 2012 to 2017. The value then saw a substantial increase of 49% from 2017 to 2023. Overall, from 2007 to 2024, the guideline value has increased by 1100%.

Guideline values in Kanchivakkam

Kanchivakkam village has 23 streets under the Gooduvancheri SRO carrying a 2024 guideline value ranging from Rs 400 to Rs 600 per sq.ft, with a median value of Rs 500 per sq.ft. Barathi Journalist Nagar's current guideline value is above this median.

• Balaji Nagar: Rs 500 per sq.ft (2024)
• Bala Avenue Extn: Rs 500 per sq.ft (2024)
• Bala Avenue: Rs 500 per sq.ft (2024)
• Green Grove Jayam Co-op Nagar Annex-3: Rs 600 per sq.ft (2024)
• Green Grove Jayam Nagar Anex-6: Rs 600 per sq.ft (2024)
• Green Grove Jeyam Nagar Annex-V: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Barathi Journalist Nagar

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. Please 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 details.

Which Sub Registrar Office covers Barathi Journalist Nagar?

The Sub Registrar Office that covers Barathi Journalist Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Kanchivakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as determined by the government.

When buying or selling property, the guideline value helps in establishing a transparent pricing mechanism. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Barathi Journalist Nagar?

The current guideline value of Barathi Journalist Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the most recent revisions showing a stable value of Rs 600 per sq.ft from 2023 to 2024, after a previous increase of 49% from 2017 to 2023.

What is the land classification for Barathi Journalist Nagar?

The land classification for Barathi Journalist Nagar is Residential Special Type - I.

What are the stamp duty and registration fees for property in Barathi Journalist Nagar?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 6,00,000, the total fees would amount to Rs 54,000.

Where is the Sub Registrar Office for Barathi Journalist Nagar located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.