Guideline Value for Barathidasar Salai 2nd Street

Barathidasar Salai 2nd Street guideline value

The current guideline value of Barathidasar Salai 2nd Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village and falls under the Velacheri SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Barathidasar Salai 2nd Street has changed

The guideline value register for Barathidasar Salai 2nd Street shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 2,200 per sq.ft.

As there are no figures available for the previous years, it indicates that the guideline value has not been updated for this street until the recent revision in 2024. Therefore, the current guideline value remains unchanged from the previous revisions.

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, with a median value of Rs 2,750 per sq.ft. The guideline value for Barathidasar Salai 2nd Street is below this median.

• Barathidasar Salai 1st Street: Rs 2,200 per sq.ft (2024)
• Barathidasar Salai 3rd Street: Rs 2,200 per sq.ft (2024)
• Barathidasar Salai: 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 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, resulting in a total of Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Barathidasar Salai 2nd Street?

The Sub Registrar Office that covers Barathidasar Salai 2nd Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. For more information, you can find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Madipakkam-1, as it determines the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the guideline value serves as a benchmark for calculating the necessary fees. It is essential for both parties to be aware of the current guideline value to facilitate a smooth transaction and avoid any legal complications.

Frequently asked questions

What is the current guideline value of Barathidasar Salai 2nd Street?

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

When was the last revision of the guideline value for this street?

The last revision of the guideline value for Barathidasar Salai 2nd Street was in 2024, with no figures available for the years prior.

What is the land classification for Barathidasar Salai 2nd Street?

The land classification for Barathidasar Salai 2nd Street is Residential Class II Type - I.

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

The guideline value for Barathidasar Salai 2nd Street is below the median value of Rs 2,750 per sq.ft for other streets in Madipakkam-1, which range from Rs 1,650 to Rs 5,500 per sq.ft.

Where can I find the Sub Registrar Office for Barathidasar Salai 2nd Street?

The Sub Registrar Office for Barathidasar Salai 2nd Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.