Guideline Value for BRINDAVAN COLONY (Choolaimedu)

BRINDAVAN COLONY (Choolaimedu) guideline value

The current guideline value of BRINDAVAN COLONY (Choolaimedu) is Rs 5,800 per sq.ft, effective from 1 July 2024. This area is located in Puliyur village and falls under the Kodambakkam SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of BRINDAVAN COLONY (Choolaimedu) has changed

The guideline value for BRINDAVAN COLONY (Choolaimedu) has seen several revisions over the years. In 2007, the value was Rs 1,200 per sq.ft, which increased significantly to Rs 5,300 per sq.ft in 2012, marking a rise of 342%. However, between 2012 and 2017, the value decreased to Rs 3,551 per sq.ft, reflecting a drop of 33%. The most recent revision in 2024 set the value at Rs 5,800 per sq.ft, which is an increase of 63% from the 2017 figure.

It is important to note that there are no figures available for the years 2023, 2003, and 2002 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 383%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value for these streets is Rs 5,800 per sq.ft, which is equal to the current value of BRINDAVAN COLONY (Choolaimedu).

• BRINDAVAN EXTENSION (West Mambalam): Rs 8,000 per sq.ft (2024)
• BRINDAVAN 1ST CROSS STREET (West Mambalam): Rs 7,100 per sq.ft (2024)
• BRINDAVAN STREET (West Mambalam): Rs 8,200 per sq.ft (2024)
• Boopathy Street: Rs 4,400 per sq.ft (2024)
• Boopathy Nagar: Rs 4,400 per sq.ft (2024)
• Budha Street: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in BRINDAVAN COLONY (Choolaimedu)

For a 1,000 sq.ft plot at the current rate of Rs 5,800 per sq.ft, the guideline value amounts to Rs 58,00,000. The stamp duty at 7% would be Rs 4,06,000, and the registration fee at 2% would be Rs 1,16,000, totaling Rs 5,22,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers BRINDAVAN COLONY (Choolaimedu)?

The Sub Registrar Office that covers BRINDAVAN COLONY (Choolaimedu) is the Kodambakkam Sub Registrar Office, 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 plays a crucial role in the registration process when buying or selling property in Puliyur. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated.

When a property transaction occurs, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of BRINDAVAN COLONY (Choolaimedu)?

The current guideline value of BRINDAVAN COLONY (Choolaimedu) is Rs 5,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,200 per sq.ft to Rs 5,800 per sq.ft in 2024, marking an overall increase of 383%.

What is the land classification of BRINDAVAN COLONY (Choolaimedu)?

BRINDAVAN COLONY (Choolaimedu) is classified as Residential Class I Type - I.

Which Sub Registrar Office is responsible for BRINDAVAN COLONY (Choolaimedu)?

The Kodambakkam Sub Registrar Office is responsible for BRINDAVAN COLONY (Choolaimedu), located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How are stamp duty and registration fees calculated for properties in Puliyur?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 58,00,000 would incur a stamp duty of Rs 4,06,000 and a registration fee of Rs 1,16,000.