Guideline Value for Barathi Nagar

Barathi Nagar guideline value

The current guideline value of Barathi Nagar, located in Adhanoor village under the Gooduvancheri SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Barathi Nagar has changed

Over the years, the guideline value of Barathi Nagar has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 200 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, in 2017, the value decreased to Rs 670 per sq.ft, a reduction of 33%. The value remained at Rs 670 per sq.ft until the 2023 revision, which kept it unchanged at Rs 1,000 per sq.ft. The current guideline value of Rs 1,000 per sq.ft has remained consistent through the 2024 revision.

In summary, from 2007 to 2024, the overall change in guideline value is a substantial increase of 400%. The revisions for 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft. The median value is Rs 1,000 per sq.ft, placing Barathi Nagar's 2024 figure at this median.

• Bargavi Avenue: Rs 1,000 per sq.ft (2024)
• Balaramapuram: Rs 1,000 per sq.ft (2024)
• Balamurugan Nagar: Rs 1,000 per sq.ft (2024)
• Bhagavath Ramanujar Town: Rs 1,000 per sq.ft (2024)
• Balaji Nagar: Rs 1,000 per sq.ft (2024)
• Bharathi Nagar Part -I: Rs 1,000 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 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty, charged at 7%, would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. It is important to 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 Nagar?

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

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

The guideline value plays a crucial role in the registration process when buying or selling property in Adhanoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the sale price must be compared with the guideline value. If the sale price is higher than the guideline value, the stamp duty and registration fees will be calculated based on the sale price. This ensures that the transaction reflects the true market value of the property.

Frequently asked questions

What is the current guideline value of Barathi Nagar?

The current guideline value of Barathi Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 200 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and has remained at Rs 1,000 per sq.ft since 2023.

What is the median guideline value in Adhanoor?

The median guideline value in Adhanoor is Rs 1,000 per sq.ft, which is the same as the current value for Barathi Nagar.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 90,000.

Where is the Sub Registrar Office for Barathi Nagar located?

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