Guideline Value for BRAHMASAKTHI NAGAR

Brahmasakthi Nagar guideline value

The current guideline value of Brahmasakthi Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Agaramthen village and falls under the Tambaram Joint 1 SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Brahmasakthi Nagar has changed

Since the 2012 revision, the guideline value for Brahmasakthi Nagar has seen several changes. In 2012, the guideline value was Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in 2017. Following this, the value rose significantly to Rs 500 per sq.ft in 2023, and further increased to Rs 550 per sq.ft in 2024, marking a 10% rise from the previous year. The register has no figure for this street for the years 2002, 2003, and 2007.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The most notable change occurred between 2017 and 2023, where the value rose by 49% from Rs 335 per sq.ft to Rs 500 per sq.ft. The changes reflect the fluctuations in the guideline values over the years.

Guideline values in Agaramthen

Agaramthen village has a total of 125 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 3,700 per sq.ft. The median guideline value in this area is Rs 830 per sq.ft, indicating that Brahmasakthi Nagar's 2024 value is below this median.

• Brahmasakthi Nagar Phase - II: Rs 550 per sq.ft (2024)
• Brahma Sakthi Nagar Phase III: Rs 550 per sq.ft (2024)
• Bharat Nagar: Rs 550 per sq.ft (2024)
• Bharathi Street: Rs 550 per sq.ft (2024)
• Bharathidasan Street: Rs 550 per sq.ft (2024)
• Dheeran Avenue: Rs 2,310 per sq.ft (2024)

Stamp duty and registration fee for property in Brahmasakthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Brahmasakthi Nagar?

The Sub Registrar Office that covers Brahmasakthi Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Agaramthen

The guideline value plays a crucial role in the registration process when buying or selling property in Agaramthen. It serves as a benchmark for determining the minimum value at which property transactions can be registered, ensuring transparency and fairness in property dealings.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs for the transaction. Buyers and sellers must 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 Brahmasakthi Nagar?

The current guideline value of Brahmasakthi Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification of Brahmasakthi Nagar?

Brahmasakthi Nagar is classified as Residential Class I Type - III, which indicates its suitability for residential development.

Where is the Sub Registrar Office for Brahmasakthi Nagar located?

The Sub Registrar Office for Brahmasakthi Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What are the stamp duty and registration fees for a property in Brahmasakthi Nagar?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500, and the registration fee would be Rs 11,000, totaling Rs 49,500.