Guideline Value for BRAMINAR STREET

Braminar Street guideline value

The current guideline value of Braminar Street is Rs 350 per sq.ft, effective from 1 July 2024. This street is located in Pudupet village under the Pallipattu SRO and is classified as Residential Class I Type - I.

How the guideline value of Braminar Street has changed

In the 2017 revision, the guideline value for Braminar Street was Rs 234 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 350 per sq.ft. The 2024 revision also maintains the guideline value at Rs 350 per sq.ft, indicating a 50% increase from the 2017 figure to the 2024 figure.

There are no available figures for Braminar Street in the revisions from 2002, 2003, 2007, and 2012. The transition from 2017 to 2023 saw a 50% increase, and overall, from 2017 to 2024, the increase is also 50%.

Guideline values in Pudupet

In Pudupet, there are 42 streets under the Pallipattu SRO that carry a 2024 guideline value ranging from Rs 102 to Rs 600 per sq.ft. The median guideline value for these streets is Rs 350 per sq.ft, which is equal to the 2024 figure for Braminar Street.

• Chittoor Road: Rs 600 per sq.ft (2024)
• Beristreet Santhu: Rs 300 per sq.ft (2024)
• Beri Street: Rs 600 per sq.ft (2024)
• Bazhaar Street: Rs 600 per sq.ft (2024)
• Bazeer Kelandaistreet: Rs 400 per sq.ft (2024)
• Eachambadi Colony 1 St Street: Rs 126 per sq.ft (2024)

Stamp duty and registration fee for property in Braminar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value would be Rs 3,50,000. The stamp duty at 7% would amount to Rs 24,500, and the registration fee at 2% would be Rs 7,000, bringing the total charges to Rs 31,500. 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 further calculations.

Which Sub Registrar Office covers Braminar Street?

The Sub Registrar Office that covers Braminar Street is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pudupet. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the applicable duties, ensuring that the transaction is compliant with local regulations. It is essential for buyers and sellers to be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Braminar Street?

The current guideline value of Braminar Street is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 50%, from Rs 234 per sq.ft to Rs 350 per sq.ft in both the 2023 and 2024 revisions.

What is the land classification for Braminar Street?

Braminar Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the registration office for Braminar Street?

The registration office for Braminar Street is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone.

How is the stamp duty calculated for property in Braminar Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 3,50,000, leading to a stamp duty of Rs 24,500.