Guideline Value for BRICKLINE 6TH LANE

Brickline 6th Lane guideline value

The current guideline value of Brickline 6th Lane is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village, under the Purasaivakkam SRO, and is classified as Residential Class III Type - I.

How the guideline value of Brickline 6th Lane has changed

The guideline value for Brickline 6th Lane has seen several revisions over the years. In 2007, the value was set at Rs 1,800 per sq.ft. This increased significantly to Rs 5,000 per sq.ft in 2012, marking a substantial rise of 178%. However, between 2012 and 2017, the value decreased to Rs 3,350 per sq.ft, a drop of 33%. The value then increased again to Rs 5,000 per sq.ft in 2023, before reaching the current figure of Rs 5,500 per sq.ft in 2024, which represents a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 206%. The register does not have figures for Brickline 6th Lane for the years 2002 and 2003.

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 value is Rs 5,500 per sq.ft, which is equal to the current guideline value for Brickline 6th Lane.

• Brickline 5th Street: Rs 5,500 per sq.ft (2024)
• Bricklin Road (Otteri Bridge To Before Tvh Square): Rs 7,100 per sq.ft (2024)
• Brickline 5th Lane: Rs 5,500 per sq.ft (2024)
• Bricklin Road P.H.Road To Tvh Square: Rs 10,900 per sq.ft (2024)
• Brickline 4th Lane: Rs 5,500 per sq.ft (2024)
• Brickline 3rd Lane: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Brickline 6th Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, while the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Brickline 6th Lane?

The Sub Registrar Office that covers Brickline 6th Lane 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 plays a crucial role when buying or selling property in Purasaivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that the guideline value may differ from the actual sale price.

At the time of registration, the authorities will assess the property based on the guideline value to ensure that the appropriate fees are collected. This process helps maintain transparency and standardization in property transactions across the region.

Frequently asked questions

What is the current guideline value of Brickline 6th Lane?

The current guideline value of Brickline 6th Lane is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 1,800 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 206%.

What are the registration fees for property transactions in Brickline 6th Lane?

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Which Sub Registrar Office covers Brickline 6th Lane?

The Purasaivakkam Sub Registrar Office covers Brickline 6th Lane, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Brickline 6th Lane?

Brickline 6th Lane is classified as Residential Class III Type - I, indicating its suitability for residential purposes.