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Guideline Value

Corporate

Guideline Value for BRICKLIN ROAD P.H.ROAD TO TVH SQUARE

₹10900/sq.ft.

The guideline value for Bricklin Road P.h.road To Tvh Square in Purasaivakkam village (Purasaivakkam SRO, Chennai zone) is Rs 10900 per sq.ft, effective 1 July 2024. It was Rs 10000 per sq.ft from 1 April 2023, a 9% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Purasaivakkam

Village

Purasaivakkam

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹10900 /sq.ft.
From 1-4-2023 ₹10000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹6700 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹10000 /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 P.h.road To Tvh Square

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Bricklin Road P.H.Road To Tvh Square guideline value

The current guideline value for Bricklin Road P.H.Road To Tvh Square is Rs 10,900 per sq.ft, effective from 1 July 2024. This property is located in Purasaivakkam village, under the Purasaivakkam SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Bricklin Road P.H.Road To Tvh Square has changed

The guideline value for Bricklin Road P.H.Road To Tvh Square has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 10,900 per sq.ft, which is a 9% increase from the 2023 figure of Rs 10,000 per sq.ft. Prior to that, the 2017 revision had the value at Rs 6,700 per sq.ft, reflecting a significant 49% increase to the 2023 figure. The 2012 revision also recorded a value of Rs 10,000 per sq.ft, which was a decrease of 33% from the 2017 figure.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 9% despite fluctuations in the intervening years.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft, with a median value of Rs 5,500 per sq.ft. The guideline value for Bricklin Road P.H.Road To Tvh Square is notably above this median.

Stamp duty and registration fee for property in Bricklin Road P.H.Road To Tvh Square

For a 1,000 sq.ft plot at the current guideline value of Rs 10,900 per sq.ft, the total guideline value amounts to Rs 1,09,00,000. The stamp duty, charged at 7%, would be Rs 7,63,000, while the registration fee at 2% would be Rs 2,18,000, leading to a combined cost of Rs 9,81,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Bricklin Road P.H.Road To Tvh Square?

The Sub Registrar Office that covers Bricklin Road P.H.Road To 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 as it determines the minimum value at which a property can be registered. When buying or selling property in Purasaivakkam, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

It is essential for both buyers and sellers to be aware of the guideline value to avoid any discrepancies during the registration process. The guideline value serves as a benchmark for the transaction, and it is important to ensure that the sale price meets or exceeds this value.

Frequently asked questions

What is the current guideline value for Bricklin Road P.H.Road To Tvh Square?

The current guideline value for Bricklin Road P.H.Road To Tvh Square is Rs 10,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has seen several revisions, with the most recent increase of 9% from Rs 10,000 in 2023 to Rs 10,900 in 2024. The value has also risen from Rs 6,700 in 2017 to Rs 10,000 in 2023, marking a 49% increase.

What is the land classification for Bricklin Road P.H.Road To Tvh Square?

Bricklin Road P.H.Road To Tvh Square is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

Where is the Sub Registrar Office located?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Bricklin Road P.H.Road To Tvh Square?

Stamp duty for properties is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 7,63,000.