Guideline Value for Barathi Street(Chirroragadam)

Barathi Street(Chirroragadam) guideline value

The current guideline value of Barathi Street(Chirroragadam) is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO and is classified as Residential Class I Type - I.

How the guideline value of Barathi Street(Chirroragadam) has changed

The guideline value for Barathi Street(Chirroragadam) has seen significant changes over the years. In the 2007 revision, the value was Rs 500 per sq.ft, which increased dramatically to Rs 1,800 per sq.ft in 2012, marking a 260% rise. However, from 2012 to 2017, the value decreased to Rs 1,206 per sq.ft, a decline of 33%. The value then rose again to Rs 1,800 per sq.ft in 2023, and finally reached Rs 1,900 per sq.ft in the 2024 revision, reflecting a 6% increase.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 280%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Barathi Street(Chirroragadam) is below this median.

• Barathi Nagar: Rs 2,400 per sq.ft (2024)
• Barathidasan Street(Gandhinagar): Rs 1,800 per sq.ft (2024)
• Banu Nagar West (Vijayalakshmi Street): Rs 2,200 per sq.ft (2024)
• Banu Nagar West Ranganathan Street: Rs 2,200 per sq.ft (2024)
• Banu Nagar West (Kalyan Street): Rs 2,200 per sq.ft (2024)
• Banu Nagar West Gubera Ganapathi Avenue: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Barathi Street(Chirroragadam)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total cost to Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Barathi Street(Chirroragadam)?

The Sub Registrar Office that covers Barathi Street(Chirroragadam) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Oragadam. It determines the amount of stamp duty and registration fees payable, which are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in a property transaction, it is essential to be aware of the current guideline value to ensure compliance with local regulations and to accurately estimate the costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Barathi Street(Chirroragadam)?

The current guideline value of Barathi Street(Chirroragadam) is Rs 1,900 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 500 per sq.ft in 2007 to Rs 1,900 per sq.ft in 2024, marking an overall increase of 280% over the years.

What are the stamp duty and registration fees for properties in Barathi Street(Chirroragadam)?

For a 1,000 sq.ft plot, the stamp duty would be Rs 1,33,000 and the registration fee would be Rs 38,000, totaling Rs 1,71,000.

Which Sub Registrar Office covers Barathi Street(Chirroragadam)?

The Ambattur Sub Registrar Office covers Barathi Street(Chirroragadam), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for Barathi Street(Chirroragadam)?

Barathi Street(Chirroragadam) is classified as Residential Class I Type - I.