Guideline Value for Barathiar Street 9th Street

Barathiar Street 9th Street guideline value

The current guideline value of Barathiar Street 9th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village under the Velacheri SRO, classified as Residential Class II Type - I.

How the guideline value of Barathiar Street 9th Street has changed

The guideline value register for Barathiar Street 9th Street shows no figures for the revisions in 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 2,200 per sq.ft.

As there have been no changes between the revisions, the guideline value for Barathiar Street 9th Street remains consistent with the current figure of Rs 2,200 per sq.ft as per the 2024 revision.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft, with a median value of Rs 2,750 per sq.ft. Barathiar Street 9th Street's 2024 figure is below this median.

• Barathiar Street 8th Street: Rs 2,200 per sq.ft (2024)
• Barathiar Street 7th Street: Rs 2,200 per sq.ft (2024)
• Barathiar Street 6th Street: Rs 2,200 per sq.ft (2024)
• Barathiar Street 5th Street: Rs 2,200 per sq.ft (2024)
• Barathiar Street 4th Street: Rs 2,200 per sq.ft (2024)
• Barathiar Street 3rd Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Barathiar Street 9th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. 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 Barathiar Street 9th Street?

The Sub Registrar Office that covers Barathiar Street 9th Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is an important factor when registering property transactions in Madipakkam-1. It serves as a reference point for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher value is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Barathiar Street 9th Street?

The current guideline value of Barathiar Street 9th Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

What is the land classification for Barathiar Street 9th Street?

Barathiar Street 9th Street is classified as Residential Class II Type - I.

Have there been any changes in the guideline value for Barathiar Street 9th Street?

There have been no changes in the guideline value for Barathiar Street 9th Street, with the only figure available being Rs 2,200 per sq.ft from the 2024 revision.

What are the stamp duty and registration fees for properties on Barathiar Street 9th Street?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for Barathiar Street 9th Street?

The Velacheri Sub Registrar Office handles registrations for Barathiar Street 9th Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.