Guideline Value for Barathidasar Salai

Barathidasar Salai guideline value

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

How the guideline value of Barathidasar Salai has changed

The guideline value register shows no figures for Barathidasar Salai for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which sets the guideline value at Rs 2,200 per sq.ft.

There have been no changes between the revisions above. The 2024 figure is the only value recorded for this street in the guideline value register.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 streets under the Velacheri SRO with guideline values ranging 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, indicating that Barathidasar Salai's 2024 figure is below this median.

• Barathidasar Salai 1st Street: 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

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, while the registration fee at 2% would be Rs 44,000, leading to a total cost of 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 details.

Which Sub Registrar Office covers Barathidasar Salai?

The Sub Registrar Office that covers Barathidasar Salai 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 more information.

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

The guideline value is a crucial factor during property registration in Madipakkam-1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the transaction. It is important for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Barathidasar Salai?

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

What is the land classification for Barathidasar Salai?

Barathidasar Salai is classified as Residential Class II Type - I.

How many revisions have been recorded for Barathidasar Salai?

The guideline value register has no figures for Barathidasar Salai for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only recorded value is from the 2024 revision.

What is the median guideline value in Madipakkam-1?

The median guideline value in Madipakkam-1 is Rs 2,750 per sq.ft, which is above the current guideline value of Barathidasar Salai.

Where is the Velacheri Sub Registrar Office located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.