Guideline Value for BRINADAVAN NAGAR EXTENSION

Brinadavan Nagar Extension guideline value

The current guideline value of Brinadavan Nagar Extension is Rs 1,600 per sq.ft, effective from 1 July 2024. This property is located in Ernavur village under the Thiruvottiyur SRO, classified as Residential Class I Type - II.

How the guideline value of Brinadavan Nagar Extension has changed

The guideline value for Brinadavan Nagar Extension has undergone several revisions over the years. The earliest recorded figure is from 2007, when it was Rs 350 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in 2012, marking a rise of 329%. However, it then dropped to Rs 1,005 per sq.ft in 2017, a decrease of 33%. The value saw a substantial increase again, reaching Rs 1,500 per sq.ft in 2023, representing a 49% rise. The most recent revision in 2024 set the guideline value at Rs 1,600 per sq.ft, reflecting a 7% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 357%.

Guideline values in Ernavur

In Ernavur, there are 82 streets under the Thiruvottiyur SRO with a guideline value for 2024 ranging from Rs 1,000 to Rs 7,300 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, which is equal to the guideline value of Brinadavan Nagar Extension.

• Brindavan Nagar: Rs 1,600 per sq.ft (2024)
• Chinna Ernavoor (Corner plots): Rs 3,300 per sq.ft (2024)
• Colony street: Rs 1,400 per sq.ft (2024)
• Barath Nagar 4th Street: Rs 3,300 per sq.ft (2024)
• Barath Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Barath Nagar 2nd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Brinadavan Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Brinadavan Nagar Extension?

The Sub Registrar Office covering Brinadavan Nagar Extension is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is an essential factor when registering a property in Ernavur. It determines the minimum value at which a property can be sold or bought, ensuring that the transaction is recorded accurately for taxation purposes.

When you register a property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Brinadavan Nagar Extension?

The current guideline value of Brinadavan Nagar Extension is Rs 1,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 350 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, marking an overall increase of 357% over this period.

What are the stamp duty and registration fees for properties in Brinadavan Nagar Extension?

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000.

Which office handles property registrations in Ernavur?

The Thiruvottiyur Sub Registrar Office is responsible for property registrations in Ernavur, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and location. It is revised periodically to reflect changes in the real estate market.