Guideline Value for Barathidasar Salai 1st Street

Barathidasar Salai 1st Street guideline value

The current guideline value of Barathidasar Salai 1st Street is Rs 2,200 per sq.ft. This street is located in Madipakkam-1 village, under the Velacheri SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Barathidasar Salai 1st Street has changed

According to the register, there are no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023 for Barathidasar Salai 1st Street. The most recent revision is from 2024, which has set the guideline value at Rs 2,200 per sq.ft.

Since the 2024 revision is the only figure available for this street, there have been no changes in guideline values between the revisions listed above.

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. The median value for these streets is Rs 2,750 per sq.ft, making the guideline value for Barathidasar Salai 1st Street below that median.

• Barathidasar Salai: Rs 2,200 per sq.ft (2024)
• Barathidasar Salai 2nd Street: Rs 2,200 per sq.ft (2024)
• Barathidasar Salai 3rd Street: Rs 2,200 per sq.ft (2024)
• Barathiar Street 9th Street: Rs 2,200 per sq.ft (2024)
• Barathiar Street 8th Street: Rs 2,200 per sq.ft (2024)
• Barathiar Street 7th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Barathidasar Salai 1st Street

For a 1,000 sq.ft plot at the current rate, the 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, making the total Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Barathidasar Salai 1st Street?

The Sub Registrar Office that covers Barathidasar Salai 1st 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 further assistance.

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

The guideline value is an essential factor during property registration in Madipakkam-1. It serves as the minimum value for which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Barathidasar Salai 1st Street?

The current guideline value of Barathidasar Salai 1st Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

What is the land classification for Barathidasar Salai 1st Street?

The land classification for Barathidasar Salai 1st Street is Residential Class II Type - I.

Are there any previous guideline values for Barathidasar Salai 1st Street?

The register has no figures for Barathidasar Salai 1st Street for the years 2023, 2017, 2012, 2007, 2003, and 2002.

How does the guideline value compare to other streets in Madipakkam-1?

The guideline value of Rs 2,200 per sq.ft for Barathidasar Salai 1st Street is below the median value of Rs 2,750 per sq.ft for other streets in Madipakkam-1.

What are the registration fees for properties in Barathidasar Salai 1st Street?

The registration fees include a stamp duty of 7% and a registration fee of 2%, calculated on the higher of the guideline value or the sale price.