Guideline Value for Barathi Street

Barathi Street guideline value

The current guideline value of Barathi Street is Rs 1,500 per sq.ft, as per the 2023 revision. This street is located in Vandalur village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Barathi Street has changed

The guideline value of Barathi Street has seen several revisions over the years. In the 2012 revision, the guideline value was set at Rs 1,500 per sq.ft. However, in the 2017 revision, this value decreased to Rs 1,005 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw a significant increase, bringing the guideline value back up to Rs 1,500 per sq.ft, representing a 49% increase from the 2017 figure.

Overall, when comparing the 2012 and 2023 revisions, the guideline value remains unchanged at Rs 1,500 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Vandalur

Currently, there are no specific village figures provided for Vandalur. Barathi Street is one of the streets within this area, and it holds a guideline value of Rs 1,500 per sq.ft as of the latest revision.

Stamp duty and registration fee for property in Barathi Street

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000. Together, the total cost for these fees would be Rs 1,35,000. It is essential to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Barathi Street?

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

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

When buying or selling property in Vandalur, the guideline value is an essential factor used during the registration process. It serves as a benchmark to determine the applicable stamp duty and registration fees based on the property's value.

Buyers and sellers should be aware that the guideline value is used to calculate the fees, and it may influence the overall transaction costs. It is advisable to check the latest guideline values before proceeding with any property transactions in the area.

Frequently asked questions

What is the current guideline value of Barathi Street?

The current guideline value of Barathi Street is Rs 1,500 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, and then back to Rs 1,500 per sq.ft in 2023. This represents a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017.

What is the stamp duty for property in Barathi Street?

The stamp duty for property in Barathi Street is 7% of the guideline value or sale price, whichever is higher. For example, a property valued at Rs 15,00,000 would incur a stamp duty of Rs 1,05,000.

Where is the Gooduvancheri SRO located?

The Gooduvancheri SRO is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there any other streets in Vandalur with guideline values?

Currently, there are no other streets in Vandalur listed with guideline values in the provided information.