Guideline Value for BRINDAVAN NAGAR

Brindavan Nagar guideline value

The current guideline value of Brindavan Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is part of Korattur village, under the Villivakkam SRO, and is classified as Residential Class I Type - III.

How the guideline value of Brindavan Nagar has changed

The guideline value for Brindavan Nagar has undergone several revisions over the years. In 2007, the value was set at Rs 250 per sq.ft, which saw a significant increase to Rs 2,500 per sq.ft in 2012, marking a rise of 900%. However, from 2012 to 2017, the value decreased to Rs 1,675 per sq.ft, a drop of 33%. The most recent revision in 2024 saw the guideline value increase to Rs 2,700 per sq.ft, representing a 61% increase from the 2017 figure.

Overall, from 2007 to 2024, the guideline value has increased by 980%. It is important to note that there are no figures available for the revisions in 2023, 2003, and 2002 for this street.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median value for these streets is Rs 2,500 per sq.ft, placing Brindavan Nagar's 2024 figure above this median.

• Brahmin Street: Rs 2,700 per sq.ft (2024)
• Bhoopathi Nagar: Rs 2,900 per sq.ft (2024)
• Bhavani Nagar: Rs 1,600 per sq.ft (2024)
• Bharathrathna Rajigandhi Nagar (Kallikuppam): Rs 1,600 per sq.ft (2024)
• Bharath Nagar Extension: Rs 2,500 per sq.ft (2024)
• Bharath Nagar: Rs 2,500 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 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000. Together, the total cost for these fees would be Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, 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 Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Korattur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per government regulations.

Frequently asked questions

What is the current guideline value of Brindavan Nagar?

The current guideline value of Brindavan Nagar is Rs 2,700 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 250 per sq.ft to Rs 2,700 per sq.ft in 2024, marking an overall increase of 980%.

What are the stamp duty and registration fees for a property in Brindavan Nagar?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000, and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which Sub Registrar Office handles registrations for Brindavan Nagar?

The Villivakkam Sub Registrar Office handles registrations for Brindavan Nagar, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Brindavan Nagar?

Brindavan Nagar is classified as Residential Class I Type - III, indicating its designation for residential development within the area.