Guideline Value for BRINDAVAN EXTENSION (West Mambalam)

BRINDAVAN EXTENSION (West Mambalam) guideline value

The current guideline value of BRINDAVAN EXTENSION (West Mambalam) is Rs 8,000 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 Commercial Class I Type - II.

How the guideline value of BRINDAVAN EXTENSION (West Mambalam) has changed

In the 2007 revision, the guideline value was Rs 2,500 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 7,300 per sq.ft, marking a change of +192%. The 2023 revision maintained this value at Rs 7,300 per sq.ft, with no changes recorded during that year. However, the latest 2024 revision has increased the guideline value to Rs 8,000 per sq.ft, reflecting a change of +10% from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +220%. It is important to note that there are no figures available for the years 2002, 2003, and 2017 for this street in the register.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, placing BRINDAVAN EXTENSION (West Mambalam) above that median.

• BRINDAVAN COLONY (Choolaimedu): Rs 5,800 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 EXTENSION (West Mambalam)

For a 1,000 sq.ft plot at the current rate of Rs 8,000 per sq.ft, the guideline value amounts to Rs 80,00,000. The stamp duty at 7% would be Rs 5,60,000, and the registration fee at 2% would be Rs 1,60,000, totaling Rs 7,20,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers BRINDAVAN EXTENSION (West Mambalam)?

The Sub Registrar Office that covers BRINDAVAN EXTENSION (West Mambalam) 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 is a crucial factor when registering property transactions in Puliyur. It is used to determine the stamp duty and registration fees applicable to the property, ensuring that all transactions are conducted transparently and fairly.

When buying or selling property, the guideline value serves as a benchmark for the minimum price at which the property can be registered. This helps in maintaining uniformity in property transactions and ensures that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of BRINDAVAN EXTENSION (West Mambalam)?

The current guideline value of BRINDAVAN EXTENSION (West Mambalam) is Rs 8,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 2,500 per sq.ft to Rs 8,000 per sq.ft in 2024, marking an overall increase of +220% over the years.

What is the land classification for BRINDAVAN EXTENSION (West Mambalam)?

BRINDAVAN EXTENSION (West Mambalam) is classified as Commercial Class I Type - II.

Where can I find the Sub Registrar Office for BRINDAVAN EXTENSION (West Mambalam)?

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

How is the stamp duty calculated for property in BRINDAVAN EXTENSION (West Mambalam)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 80,00,000, the stamp duty would be Rs 5,60,000.