Guideline Value for BRINDAVAN NAGAR

Brindavan Nagar guideline value

The current guideline value of Brindavan Nagar, located in Ernavur village under the Thiruvottiyur SRO, is Rs 1,600 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - II land classification.

How the guideline value of Brindavan Nagar has changed

The guideline value for Brindavan Nagar has undergone several revisions over the years. In 2002, the value was Rs 174 per sq.ft, which increased to Rs 199 per sq.ft in 2003, marking a 14% rise. The value then saw a significant jump to Rs 350 per sq.ft in 2007, reflecting a 76% increase. By 2012, it had risen further to Rs 1,500 per sq.ft, representing a 329% increase from the previous revision. However, this value decreased to Rs 1,005 per sq.ft in 2017, showing a decline of 33%.

In 2023, the guideline value was revised to Rs 1,500 per sq.ft, and then it increased to Rs 1,600 per sq.ft in 2024, indicating a 7% rise. Overall, from 2002 to 2024, the guideline value has increased by 820% for Brindavan Nagar.

Guideline values in Ernavur

In Ernavur, there are 82 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 7,300 per sq.ft. The median value is Rs 1,600 per sq.ft, which aligns with the current guideline value for Brindavan Nagar.

• Brinadavan Nagar Extension: 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 Brindavan Nagar

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 together to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Brindavan Nagar?

The Sub Registrar Office that covers Brindavan Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Ernavur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official documents.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees that are payable. It is essential to refer to the latest guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value for Brindavan Nagar?

The current guideline value for Brindavan Nagar is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 174 per sq.ft to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 820%.

What is the land classification for Brindavan Nagar?

Brindavan Nagar falls under the Residential Class I Type - II land classification.

Where is the Thiruvottiyur Sub Registrar Office located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How are stamp duty and registration fees calculated in Brindavan Nagar?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,600 per sq.ft would incur a total fee of Rs 1,44,000.