Guideline Value for BRAMANAR ST

Bramanar St guideline value

The current guideline value of Bramanar St in Aswarevanthapuram village is Rs 300 per sq.ft, effective from 1 July 2024. This street falls under the Ramakrishna Rajupettai SRO and is classified as Residential Special Type - I.

How the guideline value of Bramanar St has changed

The guideline value for Bramanar St has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 117 per sq.ft. This was followed by the 2023 revision, which maintained the value at Rs 300 per sq.ft. The 2024 revision also kept the guideline value at Rs 300 per sq.ft, marking no change from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 156%. Overall, comparing the 2017 revision to the current 2024 figure, there has been an increase of 156% as well. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Aswarevanthapuram

In Aswarevanthapuram, there are 10 streets under the Ramakrishna Rajupettai SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 300 per sq.ft. The median value is Rs 300 per sq.ft, which is also the guideline value for Bramanar St.

• Big Street: Rs 300 per sq.ft (2024)
• Chittor Main Rd: Rs 300 per sq.ft (2024)
• Kuttai St: Rs 300 per sq.ft (2024)
• Mal Vannier St: Rs 300 per sq.ft (2024)
• Old Post Office St: Rs 300 per sq.ft (2024)
• Road Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Bramanar St

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value is Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, while the registration fee at 2% would be Rs 6,000. Together, the total fees would be Rs 27,000. 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 information.

Which Sub Registrar Office covers Bramanar St?

The Sub Registrar Office that covers Bramanar St is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration process of property transactions in Aswarevanthapuram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is assessed to ensure that the appropriate fees are collected. Buyers should be aware that the fees are based on the higher of the guideline value or the actual sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Bramanar St?

The current guideline value of Bramanar St is Rs 300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 156%. The value remained at Rs 300 per sq.ft from 2023 to 2024.

What is the land classification for Bramanar St?

Bramanar St is classified as Residential Special Type - I under the Ramakrishna Rajupettai SRO.

What are the registration fees for property on Bramanar St?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

Which office handles registrations for Bramanar St?

The Ramakrishna Rajupettai Sub Registrar Office handles registrations for Bramanar St, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.