Guideline Value for Barbar Agan Street

Barbar Agan Street guideline value

The current guideline value of Barbar Agan Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village and falls under the Triplicane SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Barbar Agan Street has changed

The guideline value for Barbar Agan Street has undergone several revisions over the years. The earliest recorded figure is from 2007, when the guideline value was Rs 1,560 per sq.ft. This figure increased significantly to Rs 5,000 per sq.ft in 2012, reflecting a rise of 221%. However, from 2012 to 2017, the value decreased to Rs 3,350 per sq.ft, a drop of 33%. The next revision in 2017 saw a substantial increase to Rs 5,000 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 5,500 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no recorded figures for Barbar Agan Street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 253%.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft, with a median value of Rs 6,600 per sq.ft. The guideline value of Barbar Agan Street is below this median.

• Bangaru Street: Rs 7,700 per sq.ft (2024)
• Bandi Venkatesan Street: Rs 8,800 per sq.ft (2024)
• Bandi Venkatesan 1st Street & Lane: Rs 8,800 per sq.ft (2024)
• Bandala Venugopal Street: Rs 6,600 per sq.ft (2024)
• Bells Road (Jagajivanram Road): Rs 14,300 per sq.ft (2024)
• Balamuthu Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Barbar Agan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total charges to Rs 4,95,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Barbar Agan Street?

The Sub Registrar Office that covers Barbar Agan Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Triplicane. It serves as a benchmark for determining the stamp duty and registration fees applicable on the property being bought or sold.

When you register a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is standardized and transparent.

Frequently asked questions

What is the current guideline value of Barbar Agan Street?

The current guideline value of Barbar Agan Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,560 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 253% over the years.

What is the median guideline value in Triplicane?

The median guideline value in Triplicane is Rs 6,600 per sq.ft, with Barbar Agan Street's value being below this median.

What are the stamp duty and registration fees for a property in Barbar Agan Street?

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000, and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Where is the Sub Registrar Office for Barbar Agan Street located?

The Sub Registrar Office for Barbar Agan Street is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.