Guideline Value for BRINDAVANAM NAGAR

Brindavanam Nagar guideline value

The current guideline value of Brindavanam Nagar, located in Kakkalur village under the Tiruvallur Joint 1 SRO, is Rs 626 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - III.

How the guideline value of Brindavanam Nagar has changed

The guideline value for Brindavanam Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 625 per sq.ft. This figure decreased to Rs 419 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 626 per sq.ft, which remained unchanged in the 2024 revision.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained stable, showing a change of 0%.

Guideline values in Kakkalur

In Kakkalur, there are 133 streets under the Tiruvallur Joint 1 SRO, with guideline values ranging from Rs 400 to Rs 3,000 per sq.ft. The median value is Rs 626 per sq.ft, which is equal to the current guideline value of Brindavanam Nagar.

• Birunthavanam Street: Rs 626 per sq.ft (2024)
• Bharathyar Street: Rs 626 per sq.ft (2024)
• Bharathi Nagar: Rs 626 per sq.ft (2024)
• Bhagyam New Town: Rs 626 per sq.ft (2024)
• December Poo Street: Rs 626 per sq.ft (2024)
• Deva&co/ Deva Nagar: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Brindavanam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 626 per sq.ft, the total guideline value amounts to Rs 6,26,000. The stamp duty at 7% would be Rs 43,820, and the registration fee at 2% would be Rs 12,520, bringing the total to Rs 56,340. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Brindavanam Nagar?

Brindavanam Nagar falls under the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kakkalur. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when purchasing property in the area.

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.

Frequently asked questions

What is the current guideline value of Brindavanam Nagar?

The current guideline value of Brindavanam Nagar is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Brindavanam Nagar has changed from Rs 625 per sq.ft in 2012 to Rs 419 per sq.ft in 2017, then back to Rs 626 per sq.ft in 2023 and 2024.

What is the classification of land in Brindavanam Nagar?

Brindavanam Nagar is classified as Residential Class II Type - III, indicating its suitability for residential development.

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

For a 1,000 sq.ft plot at the guideline value of Rs 626 per sq.ft, the total guideline value is Rs 6,26,000. The stamp duty would be Rs 43,820, and the registration fee would be Rs 12,520, totaling Rs 56,340.

Which Sub Registrar Office covers Brindavanam Nagar?

Brindavanam Nagar is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.