Guideline Value for Alli Street , Brindavan Nagar

Alli Street , Brindavan Nagar guideline value

The current guideline value of Alli Street , Brindavan Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Alli Street , Brindavan Nagar has changed

The guideline value for Alli Street has seen several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a 200% rise. However, from 2012 to 2017, the value decreased to Rs 2,010 per sq.ft, reflecting a decline of 33%. The value then rose to Rs 3,000 per sq.ft in 2023, and most recently, it has increased by 10% to Rs 3,300 per sq.ft in 2024.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the current 2024 revision, there has been a substantial increase of 230% in the guideline value.

Guideline values in Koyakbedu

Koyakbedu village has a total of 270 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft as of 2024. The median value for these streets is Rs 4,400 per sq.ft, positioning the 2024 guideline value of Alli Street below this median.

• A.K.R.Road: Rs 3,300 per sq.ft (2024)
• Amman Koil Street: Rs 3,300 per sq.ft (2024)
• Ae Block 8th Street: Rs 12,600 per sq.ft (2024)
• Adhi sankaran street ( H block) Annanagar: Rs 3,300 per sq.ft (2024)
• Abhinav Manav Garden: Rs 3,300 per sq.ft (2024)
• Angamuthu Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Alli Street , Brindavan Nagar

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Alli Street , Brindavan Nagar?

The Sub Registrar Office covering Alli Street , Brindavan Nagar is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Koyakbedu. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives adequate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the actual sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Alli Street , Brindavan Nagar?

The current guideline value of Alli Street , Brindavan Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 230% over the years.

What are the other streets in Koyakbedu with similar guideline values?

Other streets in Koyakbedu with a guideline value of Rs 3,300 per sq.ft include A.K.R.Road, Amman Koil Street, Adhi sankaran street ( H block) Annanagar, Abhinav Manav Garden, and Angamuthu Street.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in this area is 7%, which is applied to the higher of the guideline value or the sale price during registration.

Where can I find the Sub Registrar Office for Alli Street , Brindavan Nagar?

The Sub Registrar Office for Alli Street , Brindavan Nagar is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.