Guideline Value

Corporate

Guideline Value for Barathi Nagar 2nd Cross Street

₹1540/sq.ft.

The guideline value for Barathi Nagar 2nd Cross Street in Thiruverkadu village (Kunrathur SRO, Chennai zone) is Rs 1540 per sq.ft, effective 1 July 2024. It was Rs 1400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruverkadu

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1540 /sq.ft.
From 1-4-2023 ₹1400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹938 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1400 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Barathi Nagar 2nd Cross Street

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Barathi Nagar 2nd Cross Street guideline value

The current guideline value of Barathi Nagar 2nd Cross Street is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Thiruverkadu village, under the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Barathi Nagar 2nd Cross Street has changed

The guideline value for Barathi Nagar 2nd Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,400 per sq.ft, which was a decrease of 33% from Rs 938 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 1,400 per sq.ft, and the most recent 2024 revision raised it to Rs 1,540 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, which is the same as the guideline value for Barathi Nagar 2nd Cross Street. Below are other streets in Thiruverkadu:

Stamp duty and registration fee for property in Barathi Nagar 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, totaling Rs 1,38,600. It is important to note that the 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 information.

Which Sub Registrar Office covers Barathi Nagar 2nd Cross Street?

The Sub Registrar Office covering Barathi Nagar 2nd Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions within Thiruverkadu, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when setting the sale price, as the registration fees and stamp duties are calculated based on the guideline value.

When purchasing property, it is essential to ensure that the sale price is not less than the guideline value, as this could lead to legal complications during the registration process. The guideline value serves as a benchmark for both buyers and sellers in the real estate market.

Frequently asked questions

What is the current guideline value of Barathi Nagar 2nd Cross Street?

The current guideline value of Barathi Nagar 2nd Cross Street is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2023 to Rs 1,540 per sq.ft in 2024, reflecting a 10% increase. It was Rs 1,400 per sq.ft in 2012 and Rs 938 per sq.ft in 2017, showing a significant increase of 49% from 2017 to 2023.

What is the land classification for Barathi Nagar 2nd Cross Street?

Barathi Nagar 2nd Cross Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Barathi Nagar 2nd Cross Street?

The Sub Registrar Office for Barathi Nagar 2nd Cross Street is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for property in Barathi Nagar 2nd Cross Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 1,540 per sq.ft, the total stamp duty would be Rs 1,07,800 at 7%.