Guideline Value for BRIGHTON ROAD

Brighton Road guideline value

The current guideline value of Brighton Road in Perambur village under the Purasaivakkam SRO is Rs 3,800 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - II land classification.

How the guideline value of Brighton Road has changed

The guideline value for Brighton Road has undergone several revisions over the years. In 2003, the guideline value was Rs 444 per sq.ft, which increased to Rs 700 per sq.ft in 2007. Following that, there was a significant jump to Rs 3,500 per sq.ft in 2012, but it then decreased to Rs 2,345 per sq.ft in 2017. The value saw a substantial rise again, reaching Rs 3,500 per sq.ft in 2023, and finally, it increased to Rs 3,800 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 756%. Notably, there is no figure available for the year 2002 in the register for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, placing Brighton Road's 2024 figure above this median.

• Brislee Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Brisly Nagar: Rs 2,700 per sq.ft (2024)
• Brisly Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Brisly Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Brisly Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Brisly Nagar 4th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Brighton Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty charged at 7% would be Rs 2,66,000, while the registration fee at 2% would be Rs 76,000, bringing the total fees to Rs 3,42,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Brighton Road?

The Brighton Road area is covered by the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential for buyers to be aware of the guideline value to avoid overpaying and for sellers to set a realistic price for their property.

Frequently asked questions

What is the current guideline value of Brighton Road?

The current guideline value of Brighton Road is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 444 per sq.ft in 2003 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 756% over the years.

What is the land classification for Brighton Road?

Brighton Road falls under the Residential Class II Type - II land classification.

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

The Purasaivakkam Sub Registrar Office, which covers Brighton Road, is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties on Brighton Road?

Stamp duty for properties on Brighton Road is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000.