Guideline Value for Barathiyar Street

Barathiyar Street guideline value

The current guideline value of Barathiyar Street in Puthuper village is Rs 150 per sq.ft, effective from the 2024 revision. This street falls under the Sriperumpudur SRO and is classified as Residential Class III Type - I.

How the guideline value of Barathiyar Street has changed

The guideline value for Barathiyar Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 150 per sq.ft. This remained unchanged in the subsequent revision in 2017, where it was also Rs 150 per sq.ft. However, in the 2017 revision, the value had increased by 50% from Rs 100 per sq.ft in the 2017 revision. The 2023 revision continued this trend, maintaining the value at Rs 150 per sq.ft, and the 2024 revision also retained this figure, resulting in no percentage change from 2023 to 2024.

It is important to note that there are no figures available for Barathiyar Street in the revisions for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 150 per sq.ft.

Guideline values in Puthuper

Puthuper village has a total of 39 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 100 to Rs 1,350 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Barathiyar Street's 2024 figure below that median.

• Chelliamman Nagar: Rs 400 per sq.ft (2024)
• Chelliamman Nagar - II: Rs 400 per sq.ft (2024)
• Cini production Assistants Nagar: Rs 510 per sq.ft (2024)
• Arasiliyamman Koil Street: Rs 150 per sq.ft (2024)
• Devadoss Garden: Rs 400 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Barathiyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total fees together to Rs 13,500. It is important to note that the 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 Barathiyar Street?

The Sub Registrar Office that covers Barathiyar Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Puthuper. It serves as a benchmark for determining the minimum value of the property for registration purposes. This ensures that the transaction is recorded at a value that reflects the official rates set by the government.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. Buyers and sellers must be aware of these values to ensure compliance with local regulations during the transaction.

Frequently asked questions

What is the current guideline value of Barathiyar Street?

The current guideline value of Barathiyar Street is Rs 150 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value for Barathiyar Street has remained at Rs 150 per sq.ft since 2012, with a previous increase from Rs 100 per sq.ft in 2017. There were no figures available for the years 2002, 2003, and 2007.

What is the median guideline value in Puthuper village?

The median guideline value for streets in Puthuper village is Rs 400 per sq.ft, with Barathiyar Street's 2024 figure being below this median.

What are the stamp duty rates for properties in Barathiyar Street?

The stamp duty for properties in Barathiyar Street is charged at 7% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 10,500.

Where can I find the Sub Registrar Office for Barathiyar Street?

The Sub Registrar Office covering Barathiyar Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information by visiting the relevant link.