Guideline Value for Barathidasan Street

Barathidasan Street guideline value

The current guideline value of Barathidasan Street is Rs 2,000 per sq.ft, as per the 2023 revision. This street is located in Kilambakkam village, under the jurisdiction of the Gooduvancheri SRO, and is classified as Mixed Special Type - I.

How the guideline value of Barathidasan Street has changed

The guideline value for Barathidasan Street has undergone several revisions over the years. In the 2007 revision, the guideline value was Rs 1,000 per sq.ft, which increased to Rs 2,000 per sq.ft in the 2012 revision, marking a 100% increase. However, in the 2017 revision, the value decreased to Rs 1,340 per sq.ft, representing a decline of 33%. The most recent revision in 2023 saw the guideline value rise again to Rs 2,000 per sq.ft, reflecting a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 100%. It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Kilambakkam

Currently, there are no specific village figures provided for Kilambakkam. Barathidasan Street's guideline value stands at Rs 2,000 per sq.ft, and there are no other streets in Kilambakkam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Barathidasan Street

For a 1,000 sq.ft plot at the current rate of Rs 2,000 per sq.ft, the guideline value would be Rs 20,00,000. The stamp duty at 7% would amount to Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, bringing the total to Rs 1,80,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Barathidasan Street?

The Sub Registrar Office that covers Barathidasan 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 Kilambakkam

The guideline value is a crucial factor when buying or selling property in Kilambakkam, as it determines the amount of stamp duty and registration fees payable. Buyers and sellers must be aware that these fees are calculated based on the higher of the guideline value or the sale price.

Understanding the guideline value is essential for ensuring compliance with local regulations during property transactions. It helps both parties to assess the financial implications of the sale and ensures transparency in the registration process.

Frequently asked questions

What is the current guideline value of Barathidasan Street?

The current guideline value of Barathidasan Street is Rs 2,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 2,000 per sq.ft in 2012, then decreased to Rs 1,340 per sq.ft in 2017, and finally returned to Rs 2,000 per sq.ft in 2023.

What is the land classification for Barathidasan Street?

Barathidasan Street is classified as Mixed Special Type - I.

Where is the Gooduvancheri Sub Registrar Office located?

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

How is stamp duty calculated for properties in Barathidasan Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,80,000.