Guideline Value for B.R.R. NAGAR

B.R.R. Nagar guideline value

The current guideline value of B.R.R. Nagar, located in Athur B Block village under the Chengleput Joint II SRO, is Rs 1,000 per sq.ft. This value is effective from 1 July 2024. The land classification for this area is Mixed Type - I.

How the guideline value of B.R.R. Nagar has changed

The guideline value of B.R.R. Nagar has undergone several revisions over the years. The earliest recorded value in the register is from 2007, which was Rs 150 per sq.ft. This increased to Rs 600 per sq.ft in 2012, marking a 300% rise. However, it then decreased to Rs 402 per sq.ft in 2017, representing a 33% decline. The value remained at Rs 1,000 per sq.ft in both the 2023 and 2024 revisions, indicating no change from 2023 to 2024, and a significant increase of 149% from 2017 to 2023.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the current 2024 value, there has been a substantial increase of 567%.

Guideline values in Athur B Block

Athur B Block features a range of guideline values across its 79 streets under the Chengleput Joint II SRO, with values ranging from Rs 268 to Rs 1,525 per sq.ft. The median guideline value for the area is Rs 700 per sq.ft, placing B.R.R. Nagar's 2024 figure above that median.

• Baskar Rav Avenue: Rs 1,100 per sq.ft (2024)
• Baskara Rao Avenue Extn-1: Rs 700 per sq.ft (2024)
• Balu Nagar: Rs 700 per sq.ft (2024)
• Devaki Nagar: Rs 800 per sq.ft (2024)
• Balaji Nagar: Rs 500 per sq.ft (2024)
• Asmitha Garden: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in B.R.R. Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers B.R.R. Nagar?

The Sub Registrar Office that covers B.R.R. Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Athur B Block

The guideline value is a critical component in the registration process of property transactions in Athur B Block. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the necessary fees, ensuring that the transaction adheres to the legal requirements set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of B.R.R. Nagar?

The current guideline value of B.R.R. Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 150 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2024, marking an overall increase of 567%.

What are the stamp duty and registration fees for a property in B.R.R. Nagar?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a property valued at Rs 10,00,000, the total fees would amount to Rs 90,000.

Which office handles property registrations in B.R.R. Nagar?

The Chengleput Joint II Sub Registrar Office handles property registrations in B.R.R. Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for B.R.R. Nagar?

The land classification for B.R.R. Nagar is Mixed Type - I, indicating a diverse use of land in the area.