Guideline Value for Barathidasan Street

Barathidasan Street guideline value

The current guideline value of Barathidasan Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village under the Tiruvallur Joint 1 SRO and is classified as Residential Class I Type - III.

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 Rs 320 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a rise of 213%. However, this value decreased to Rs 670 per sq.ft in the 2017 revision, reflecting a reduction of 33%. The subsequent revision in 2023 set the value at Rs 1,000 per sq.ft, and the current guideline value is Rs 1,100 per sq.ft from the 2024 revision, indicating a 10% increase from the previous year.

It is important to note that there are no figures available for Barathidasan Street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 244%.

Guideline values in Thiruvallur

In Thiruvallur village, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which is the same as the current guideline value for Barathidasan Street.

• Bala Vinayagar Street: Rs 1,650 per sq.ft (2024)
• Bazar Street: Rs 3,300 per sq.ft (2024)
• Began Street: Rs 1,100 per sq.ft (2024)
• Bharathiyar Street: Rs 1,100 per sq.ft (2024)
• Bypass Road: Rs 3,300 per sq.ft (2024)
• Avaishanmugam Street: Rs 1,100 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 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total charges to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Barathidasan Street?

Barathidasan Street falls under the jurisdiction of the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Thiruvallur. When you buy or sell a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory charges during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of property transactions. Ensuring that the property is registered at the correct guideline value helps in maintaining transparency and legality in real estate dealings.

Frequently asked questions

What is the current guideline value of Barathidasan Street?

The current guideline value of Barathidasan Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 320 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 244% over the years.

What is the land classification for Barathidasan Street?

Barathidasan Street is classified as Residential Class I Type - III.

Where can I find the registration office for Barathidasan Street?

The registration office for Barathidasan Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001.

How is stamp duty calculated for properties in Barathidasan Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 77,000 at 7% of the guideline value.