Guideline Value for BRAMMANAR STREET

Brammanar Street guideline value

The current guideline value of Brammanar Street is Rs 401 per sq.ft, effective from 1 July 2024. This street is located in Karunguzhi village under the Madurandakam SRO, classified as Mixed Type - I land.

How the guideline value of Brammanar Street has changed

The guideline value of Brammanar Street has seen significant revisions over the years. In 2007, the value was Rs 60 per sq.ft, which increased dramatically to Rs 400 per sq.ft by 2012. However, this figure saw a decrease to Rs 268 per sq.ft in 2017. The value then rose to Rs 400 per sq.ft in 2023, and it has now reached Rs 401 per sq.ft in the 2024 revision, reflecting no change from the previous year.

There are no figures available for the revisions in 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 568%.

Guideline values in Karunguzhi

In Karunguzhi village, there are 37 streets under the Madurandakam SRO with a 2024 guideline value ranging from Rs 401 to Rs 1,000 per sq.ft. The median value is Rs 401 per sq.ft, placing Brammanar Street at this median value.

• Bazaar Street: Rs 600 per sq.ft (2024)
• Bajanai Koil Street: Rs 401 per sq.ft (2024)
• Dharmaraja Koil Street: Rs 401 per sq.ft (2024)
• East Pillayar Koil Street: Rs 401 per sq.ft (2024)
• Eri Colony: Rs 401 per sq.ft (2024)
• Gnananbigai Pettai: Rs 501 per sq.ft (2024)

Stamp duty and registration fee for property in Brammanar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 401 per sq.ft, the total guideline value amounts to Rs 4,01,000. The stamp duty, charged at 7%, would be Rs 28,070, and the registration fee at 2% would be Rs 8,020, totaling Rs 36,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Brammanar Street?

The Sub Registrar Office that covers Brammanar Street is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Karunguzhi. It serves as a benchmark for determining the stamp duty and registration fees applicable during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both parties are aware of the financial obligations involved in the transaction. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Brammanar Street?

The current guideline value of Brammanar Street is Rs 401 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 60 per sq.ft in 2007 to Rs 401 per sq.ft in 2024, marking an overall increase of 568%.

What is the land classification of Brammanar Street?

Brammanar Street is classified as Mixed Type - I land under the Madurandakam SRO.

Where can I find the Sub Registrar Office for Brammanar Street?

The Sub Registrar Office for Brammanar Street is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is stamp duty calculated on properties in Brammanar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, on a property valued at Rs 4,01,000, the stamp duty would be Rs 28,070 at a rate of 7%.