Guideline Value for Barathidasan Street

Barathidasan Street guideline value

The current guideline value of Barathidasan Street is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Irumpuliyur village, under the Tambaram Joint 1 SRO, with a land classification of Residential 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 value was set at Rs 650 per sq.ft. This figure increased significantly to Rs 2,300 per sq.ft in the 2012 revision, marking a 254% rise. However, the value decreased to Rs 1,541 per sq.ft in the 2017 revision, reflecting a drop of 33%. The 2023 revision saw another increase to Rs 2,300 per sq.ft, followed by the current value of Rs 2,530 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 289%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Irumpuliyur

In Irumpuliyur, there are 218 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 6,600 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, placing Barathidasan Street's value above this median.

• Bavani Street: Rs 2,200 per sq.ft (2024)
• Balaraman Street: Rs 2,530 per sq.ft (2024)
• Balaji Nagar Narmadha Street: Rs 2,200 per sq.ft (2024)
• Balaji Nagar Main Road: Rs 2,200 per sq.ft (2024)
• Balaji Nagar Kaveri Street: Rs 2,200 per sq.ft (2024)
• Balaji Nagar (Bhavani Street): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Barathidasan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value amounts to Rs 25,30,000. The stamp duty, charged at 7%, would be Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total to Rs 2,27,700. It is important to note that the 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 Barathidasan Street?

The Sub Registrar Office that covers Barathidasan Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Irumpuliyur. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to determine the applicable duties. This ensures that the government receives the appropriate revenue based on the property's value as recognized in the official register.

Frequently asked questions

What is the current guideline value of Barathidasan Street?

The current guideline value of Barathidasan Street is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2007 to Rs 2,530 per sq.ft in 2024, marking an overall increase of 289% over the years.

What is the land classification for Barathidasan Street?

The land classification for Barathidasan Street is Residential Special Type - I.

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

The Sub Registrar Office for Barathidasan Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Irumpuliyur?

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 25,30,000, the stamp duty would be Rs 1,77,100 at a rate of 7%.