Guideline Value for BRINDAVAN 1ST CROSS STREET (West Mambalam)

BRINDAVAN 1ST CROSS STREET (West Mambalam) guideline value

The current guideline value of BRINDAVAN 1ST CROSS STREET (West Mambalam) is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam Sub Registrar Office (SRO), and is classified as Residential Special Type - II.

How the guideline value of BRINDAVAN 1ST CROSS STREET (West Mambalam) has changed

Over the years, the guideline value of BRINDAVAN 1ST CROSS STREET (West Mambalam) has seen significant changes. The 2007 revision set the value at Rs 1,800 per sq.ft, which increased to Rs 6,500 per sq.ft in the 2012 revision, marking a substantial rise of 261%. However, in the 2017 revision, the value decreased to Rs 4,355 per sq.ft, a drop of 33%. The value then rose to Rs 6,500 per sq.ft in the 2023 revision, followed by a further increase to Rs 7,100 per sq.ft in the 2024 revision, reflecting a 9% increase.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 294%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value in this area is Rs 5,800 per sq.ft, making the current value of BRINDAVAN 1ST CROSS STREET (West Mambalam) above this median.

• BRINDAVAN COLONY (Choolaimedu): Rs 5,800 per sq.ft (2024)
• BRINDAVAN EXTENSION (West Mambalam): Rs 8,000 per sq.ft (2024)
• Boopathy Street: Rs 4,400 per sq.ft (2024)
• Boopathy Nagar: Rs 4,400 per sq.ft (2024)
• BRINDAVAN STREET (West Mambalam): Rs 8,200 per sq.ft (2024)
• Budha Street: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in BRINDAVAN 1ST CROSS STREET (West Mambalam)

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

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers BRINDAVAN 1ST CROSS STREET (West Mambalam)?

The Kodambakkam Sub Registrar Office covers BRINDAVAN 1ST CROSS STREET (West Mambalam). The office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Puliyur. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When a property is sold, the guideline value serves as a benchmark to ensure that the sale price is not undervalued for tax purposes. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction.

Frequently asked questions

What is the current guideline value of BRINDAVAN 1ST CROSS STREET (West Mambalam)?

The current guideline value of BRINDAVAN 1ST CROSS STREET (West Mambalam) 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 significantly from Rs 1,800 per sq.ft in 2007 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of 294% over the years.

What is the land classification for BRINDAVAN 1ST CROSS STREET (West Mambalam)?

BRINDAVAN 1ST CROSS STREET (West Mambalam) is classified as Residential Special Type - II.

What are the stamp duty rates for property in this area?

The stamp duty for property transactions in this area is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this street?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.