Guideline Value for BRINDAVAN GARDEN PHASE-I

Brindavan Garden Phase-I guideline value

The current guideline value of Brindavan Garden Phase-I is Rs 150 per sq.ft, effective from 1 July 2024. This property is located in Pusivakkam village, under the Walajabad Sub Registrar Office. The land classification for this area is Residential Special Type - I.

How the guideline value of Brindavan Garden Phase-I has changed

Looking at the revisions over the years, the guideline value for Brindavan Garden Phase-I has seen several changes. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged until the 2023 revision. The 2017 revision marked a decrease to Rs 100 per sq.ft, while the 2024 revision brought it back to Rs 150 per sq.ft, showing no change from the previous year. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 50% from 2017 to 2023. However, the overall change from 2012 to 2024 shows a net increase of 0%, indicating stability in the guideline value over this period.

Guideline values in Pusivakkam

Pusivakkam village has 22 streets under the Walajabad SRO, with the 2024 guideline values ranging from Rs 100 to Rs 598 per sq.ft. The median guideline value for these streets is Rs 150 per sq.ft, making the value for Brindavan Garden Phase-I equal to this median.

• Antony Avenue: Rs 100 per sq.ft (2024)
• Annai Nagar: Rs 126 per sq.ft (2024)
• Ishvariyam Nagar: Rs 126 per sq.ft (2024)
• J.S.Garden: Rs 598 per sq.ft (2024)
• Margo Tree Farm Lout: Rs 100 per sq.ft (2024)
• Royal City Phase-I: Rs 175 per sq.ft (2024)

Stamp duty and registration fee for property in Brindavan Garden Phase-I

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, leading to a total of Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Brindavan Garden Phase-I?

The Brindavan Garden Phase-I area falls under the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Pusivakkam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction complies with the regulations set by the state.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Brindavan Garden Phase-I?

The current guideline value of Brindavan Garden Phase-I is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft from 2012 to 2024, with a decrease to Rs 100 per sq.ft in 2017, followed by a return to Rs 150 per sq.ft in 2023.

What is the registration office for Brindavan Garden Phase-I?

The registration office for Brindavan Garden Phase-I is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

What are the stamp duty and registration fees for a property in Brindavan Garden Phase-I?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 1,50,000. The stamp duty would be Rs 10,500, and the registration fee would be Rs 3,000, totaling Rs 13,500.

How does the guideline value affect property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is compared with the sale price, and the higher amount is used to calculate the applicable duties.