Guideline Value for Barathi Nagar

Barathi Nagar guideline value

The current guideline value of Barathi Nagar, located in Vedanareyanapuram village, is Rs 900 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint I SRO and is classified as Mixed Type - II.

How the guideline value of Barathi Nagar has changed

Since the 2012 revision, the guideline value for Barathi Nagar has remained stable at Rs 900 per sq.ft in both the 2012 and 2024 revisions. The 2017 revision saw a decrease to Rs 603 per sq.ft, which was a 33% drop from the 2012 figure. The subsequent revision in 2023 maintained the value at Rs 900 per sq.ft, showing no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 900 per sq.ft. Overall, comparing the 2012 and 2024 revisions, the guideline value has not changed, remaining at Rs 900 per sq.ft.

Guideline values in Vedanareyanapuram

In Vedanareyanapuram, there are 31 streets under the Chengleput Joint I SRO with a 2024 guideline value ranging from Rs 400 to Rs 2,050 per sq.ft. The median value for these streets is Rs 600 per sq.ft, placing Barathi Nagar's 2024 figure above this median.

• Balaji Nagar: Rs 600 per sq.ft (2024)
• Amma Nagar: Rs 500 per sq.ft (2024)
• Gopal Nagar: Rs 600 per sq.ft (2024)
• Gopal Nagar Ext: Rs 600 per sq.ft (2024)
• Mgr Nagar: Rs 501 per sq.ft (2024)
• Perumal Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Barathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, totaling Rs 81,000. It is important to note that 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 Nagar?

The Sub Registrar Office that covers Barathi Nagar is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Vedanareyanapuram

The guideline value is a crucial factor when registering property transactions in Vedanareyanapuram. It determines the minimum value at which properties can be registered, ensuring that the state collects appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. It is essential for both buyers and sellers to be aware of the guideline value to avoid disputes during the registration process.

Frequently asked questions

What is the current guideline value of Barathi Nagar?

The current guideline value of Barathi Nagar is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 900 per sq.ft in the 2012 and 2024 revisions. It decreased to Rs 603 per sq.ft in 2017, then returned to Rs 900 per sq.ft in 2023.

What is the land classification of Barathi Nagar?

Barathi Nagar is classified as Mixed Type - II under the land classification system.

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

For a property valued at Rs 9,00,000, the stamp duty would be Rs 63,000 and the registration fee would be Rs 18,000, totaling Rs 81,000.

Which office handles property registrations in Barathi Nagar?

The Chengleput Joint I Sub Registrar Office handles property registrations in Barathi Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.