Guideline Value for BRICH COURT

Brich Court guideline value

The current guideline value for Brich Court in Nalambakkam village is Rs 1,300 per sq.ft, as per the 2023 revision. This property falls under the Gooduvancheri SRO and is classified as Residential Special Type - II.

How the guideline value of Brich Court has changed

Brich Court's guideline value has seen several revisions over the years. In 2012, the guideline value was Rs 1,300 per sq.ft. This remained unchanged until the next revision in 2017, where it dropped to Rs 871 per sq.ft. However, in the 2023 revision, the value increased significantly to Rs 1,300 per sq.ft again.

When analyzing the changes, we see that from 2012 to 2017, there was a decrease of 33%. Conversely, from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2023, the guideline value has remained the same at Rs 1,300 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Nalambakkam

Currently, there are no specific village figures available for Nalambakkam. Brich Court is one of the streets under the jurisdiction of the Gooduvancheri SRO.

Stamp duty and registration fee for property in Brich Court

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total cost for these fees to Rs 1,17,000. 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 detailed calculations.

Which Sub Registrar Office covers Brich Court?

The Brich Court property is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Nalambakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid, ensuring that the transaction is recorded accurately in the government register.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the state collects the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Brich Court?

The current guideline value of Brich Court is Rs 1,300 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2012 to Rs 871 per sq.ft in 2017, before returning to Rs 1,300 per sq.ft in 2023. Overall, from 2012 to 2023, the value has remained the same.

What are the stamp duty and registration fees for Brich Court?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 13,00,000. The stamp duty at 7% amounts to Rs 91,000, and the registration fee at 2% is Rs 26,000, totaling Rs 1,17,000 for these fees.

Which Sub Registrar Office covers Brich Court?

The Gooduvancheri Sub Registrar Office covers Brich Court, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there any other streets in Nalambakkam?

No specific figures or details are provided for other streets in Nalambakkam under the Gooduvancheri SRO.