Guideline Value

Corporate

Guideline Value for Barathi Nagar 4th Cross Street

₹1540/sq.ft.

The guideline value for Barathi Nagar 4th 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 4th Cross Street

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Barathi Nagar 4th Cross Street guideline value

The current guideline value of Barathi Nagar 4th Cross Street is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Thiruverkadu village and falls under the Kunrathur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Barathi Nagar 4th Cross Street has changed

The guideline value for Barathi Nagar 4th Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,400 per sq.ft, which decreased to Rs 938 per sq.ft in the 2017 revision. Following this, the value rose significantly to Rs 1,400 per sq.ft in the 2023 revision, and then to Rs 1,540 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. The register has no figure for this street for the years 2002, 2003, and 2007.

From the 2012 revision to the 2017 revision, the value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. Overall, from the 2012 revision to the 2024 revision, 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 is Rs 1,540 per sq.ft, which is equal to the guideline value of Barathi Nagar 4th Cross Street.

Stamp duty and registration fee for property in Barathi Nagar 4th 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 amount to Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, making the total fees together 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 our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Barathi Nagar 4th Cross Street?

The Sub Registrar Office that covers Barathi Nagar 4th Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Thiruverkadu. It determines the minimum value at which a property can be registered, ensuring that the state government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

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

The current guideline value of Barathi Nagar 4th 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 2012 to Rs 938 per sq.ft in 2017, then to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,540 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 15,40,000, the stamp duty would be Rs 1,07,800, and the registration fee would be Rs 30,800, totaling Rs 1,38,600.

Which office handles property registrations in Barathi Nagar 4th Cross Street?

The Kunrathur Sub Registrar Office handles property registrations for Barathi Nagar 4th Cross Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum registration value for properties, impacting the calculation of stamp duty and registration fees during property transactions in Thiruverkadu.