Guideline Value for BRINDAVAN ROAD

Brindavan Road guideline value

The current guideline value of Brindavan Road in Enjambakkam village, under the Neelankarai SRO, is Rs 1,700 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Brindavan Road has changed

The guideline value for Brindavan Road has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,500 per sq.ft. This figure changed to Rs 1,005 per sq.ft in the 2017 revision, which was a decrease of 33%. However, from 2017 to 2023, the value rose significantly by 49%, reaching Rs 1,500 per sq.ft. The most recent revision in 2024 has increased the value further to Rs 1,700 per sq.ft, marking a 13% increase from the previous year.

It is important to note that the guideline value register does not have figures for the years 2002, 2003, and 2007 for Brindavan Road. Overall, from 2012 to 2024, the guideline value has increased by 13%.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, indicating that Brindavan Road's 2024 guideline value is below this median.

• Burma Colony: Rs 1,700 per sq.ft (2024)
• Bismillah Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• Bismillah Nagar 4th Cross Street: Rs 2,200 per sq.ft (2024)
• Bismillah Nagar 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Bismillah Nagar 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Bismillah Nagar 1st Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Brindavan Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Brindavan Road?

The Sub Registrar Office that covers Brindavan Road is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO online for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Enjambakkam. It is the minimum value set by the government for the purpose of calculating stamp duty and registration fees. Buyers and sellers must consider this value to ensure compliance with legal requirements during property transactions.

When a property is sold, the guideline value is used to determine the applicable stamp duty and registration fees. If the sale price is higher than the guideline value, the duty will be charged on the sale price instead.

Frequently asked questions

What is the current guideline value of Brindavan Road?

The current guideline value of Brindavan Road is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2023 to Rs 1,700 per sq.ft in 2024. It was Rs 1,005 per sq.ft in 2017 and Rs 1,500 per sq.ft in 2012.

What is the median guideline value in Enjambakkam?

The median guideline value for streets in Enjambakkam is Rs 2,200 per sq.ft, while Brindavan Road's value is below this median.

What are the stamp duty rates for properties on Brindavan Road?

The stamp duty for properties is charged at 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.