Guideline Value for Barathidasan Street(Gandhinagar)

Barathidasan Street(Gandhinagar) guideline value

The current guideline value of Barathidasan Street(Gandhinagar) is Rs 1,800 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 - II.

How the guideline value of Barathidasan Street(Gandhinagar) has changed

The guideline value for Barathidasan Street(Gandhinagar) has undergone several revisions over the years. In the 2007 revision, the value was Rs 500 per sq.ft, which increased significantly to Rs 1,700 per sq.ft in 2012. However, it decreased to Rs 1,139 per sq.ft in the 2017 revision. The value then rose to Rs 1,700 per sq.ft in 2023 and has now reached Rs 1,800 per sq.ft in 2024, marking a 6% increase from the previous year.

From 2017 to 2023, there was a substantial increase of 49%. The value saw a dramatic rise of 240% from 2007 to 2012, but a decrease of 33% occurred from 2012 to 2017. Overall, from 2007 to 2024, the guideline value has increased by 260%. It is important to note that the register has no figures for the years 2002 and 2003.

Guideline values in Oragadam

In Oragadam village, there are 596 streets under the Ambattur SRO that carry 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. Barathidasan Street(Gandhinagar) has a guideline value that is below this median.

• Barathi Nagar: Rs 2,400 per sq.ft (2024)
• Barathi Street(Chirroragadam): Rs 1,900 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 Barathidasan Street(Gandhinagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value would be Rs 18,00,000. The stamp duty at 7% would amount to Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, bringing the total fees to Rs 1,62,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Barathidasan Street(Gandhinagar)?

The Sub Registrar Office that covers Barathidasan Street(Gandhinagar) 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 serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is assessed to ensure that the transaction is registered at a fair value. Buyers and sellers must be aware of the guideline value to accurately calculate their financial obligations during the property transfer process.

Frequently asked questions

What is the current guideline value of Barathidasan Street(Gandhinagar)?

The current guideline value of Barathidasan Street(Gandhinagar) is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,800 per sq.ft in 2024, reflecting an overall increase of 260% during this period.

What is the land classification for Barathidasan Street(Gandhinagar)?

Barathidasan Street(Gandhinagar) is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for Barathidasan Street(Gandhinagar)?

The Sub Registrar Office for Barathidasan Street(Gandhinagar) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Barathidasan Street(Gandhinagar)?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 18,00,000, the stamp duty would be Rs 1,26,000 at a rate of 7%.