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Guideline Value

Corporate

Guideline Value for BRICKLIN ROAD (OTTERI BRIDGE TO BEFORE TVH SQUARE)

₹7100/sq.ft.

The guideline value for Bricklin Road (otteri Bridge To Before Tvh Square) in Purasaivakkam village (Purasaivakkam SRO, Chennai zone) is Rs 7100 per sq.ft, effective 1 July 2024. It was Rs 6500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Purasaivakkam

Village

Purasaivakkam

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹7100 /sq.ft.
From 1-4-2023 ₹6500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4355 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

93/1, Bricklin Road, Otteri, Chennai- 600 012.
044-26623514
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Bricklin Road (otteri Bridge To Before Tvh Square)

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Bricklin Road (Otteri Bridge To Before Tvh Square) guideline value

The current guideline value for Bricklin Road (Otteri Bridge To Before Tvh Square) is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village and falls under the Purasaivakkam SRO, classified as Residential Class II Type - III.

How the guideline value of Bricklin Road (Otteri Bridge To Before Tvh Square) has changed

The guideline value for Bricklin Road has seen several revisions over the years. In 2012, the value was Rs 6,500 per sq.ft, which decreased to Rs 4,355 per sq.ft in 2017. This was a significant drop of 33%. However, from 2017 to 2023, the value increased by 49%, reaching Rs 6,500 per sq.ft again. The most recent revision in 2024 saw the guideline value rise to Rs 7,100 per sq.ft, marking a 9% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median guideline value is Rs 5,500 per sq.ft, placing the current value of Bricklin Road (Otteri Bridge To Before Tvh Square) above this median.

Stamp duty and registration fee for property in Bricklin Road (Otteri Bridge To Before Tvh Square)

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total charges to Rs 6,39,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bricklin Road (Otteri Bridge To Before Tvh Square)?

The Sub Registrar Office that covers Bricklin Road (Otteri Bridge To Before Tvh Square) is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Purasaivakkam. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers should be aware of the guideline value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value serves as a benchmark for calculating the taxes owed. It ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as recognized by the local authorities.

Frequently asked questions

What is the current guideline value of Bricklin Road (Otteri Bridge To Before Tvh Square)?

The current guideline value of Bricklin Road (Otteri Bridge To Before Tvh Square) is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,500 per sq.ft in 2012 to Rs 4,355 per sq.ft in 2017, then back to Rs 6,500 per sq.ft in 2023, and finally to Rs 7,100 per sq.ft in 2024.

What is the land classification for Bricklin Road?

Bricklin Road is classified as Residential Class II Type - III, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Bricklin Road?

The Sub Registrar Office for Bricklin Road (Otteri Bridge To Before Tvh Square) is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in Purasaivakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 71,00,000, the stamp duty would be Rs 4,97,000 at a rate of 7%.