Guideline Value for Barathidasar Salai 3rd Street

Barathidasar Salai 3rd Street guideline value

The current guideline value of Barathidasar Salai 3rd Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village under the Velacheri SRO, classified as Residential Class II Type - I.

How the guideline value of Barathidasar Salai 3rd Street has changed

The guideline value register for Barathidasar Salai 3rd Street shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only revision available is from 2024, which is set at Rs 2,200 per sq.ft.

Since there are no figures available for the previous years, there have been no changes in the guideline value for this street between the revisions listed above.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 streets under the Velacheri SRO with a 2024 guideline value range from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value for the area is Rs 2,750 per sq.ft, placing Barathidasar Salai 3rd Street's 2024 figure below this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, 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, totaling Rs 1,98,000. 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 Barathidasar Salai 3rd Street?

The Barathidasar Salai 3rd Street falls under the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value is crucial when registering a property, as it determines the basis for calculating stamp duty and registration fees. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during property transactions.

When a property is sold, the guideline value is used to assess the transaction value for taxation purposes. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Barathidasar Salai 3rd Street?

The current guideline value of Barathidasar Salai 3rd Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How often does the guideline value get revised?

The guideline value is revised periodically, with the most recent revision for Barathidasar Salai 3rd Street occurring in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, 2017, and 2023.

What is the land classification for Barathidasar Salai 3rd Street?

Barathidasar Salai 3rd Street is classified as Residential Class II Type - I. This classification affects the guideline value and property usage regulations.

Where can I find the registration office for Barathidasar Salai 3rd Street?

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

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at a rate of 7%.