Guideline Value for BRINDAVANAM

Brindavanam guideline value

The current guideline value of Brindavanam, located in Karunguzhipallam village under the Thiruporur SRO, is Rs 2,639 per sq.ft. The land classification for this area is Residential Special Type - I. This value is effective from 1 July 2024.

How the guideline value of Brindavanam has changed

The guideline value for Brindavanam has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,639 per sq.ft, which is an increase of 10% from the previous year's value of Rs 2,399 per sq.ft established in 2023. The register has no figure for this street in the years 2017, 2012, 2007, 2003, and 2002.

Prior to the 2023 revision, there were no recorded figures for Brindavanam in the guideline value register for the years mentioned. The 2024 figure reflects a significant adjustment in the valuation of properties in this area.

Guideline values in Karunguzhipallam

In Karunguzhipallam, there are four streets under the Thiruporur SRO that carry a 2024 guideline value. The current value of Brindavanam is above the median guideline value of Rs 1,190 per sq.ft for the village. The other streets in Karunguzhipallam and their respective 2024 guideline values are as follows:

• Ezhil Nagar: Rs 880 per sq.ft (2024)
• Platinum Paradise: Rs 880 per sq.ft (2024)
• Chendur Abode: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Brindavanam

For a 1,000 sq.ft plot at the current guideline value of Rs 2,639 per sq.ft, the total guideline value would be Rs 26,39,000. The stamp duty at 7% would amount to Rs 1,84,730, while the registration fee at 2% would be Rs 52,780. Together, the total cost for these fees would be Rs 2,37,510. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Brindavanam?

The Sub Registrar Office that covers Brindavanam is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. To find your SRO, you can visit this link.

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

The guideline value is a crucial factor when registering property transactions in Karunguzhipallam. It serves as a baseline for determining the stamp duty and registration fees applicable to the property being bought or sold. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value helps establish a fair assessment for taxation purposes. It is essential for both parties in a transaction to be aware of the current guideline value to avoid discrepancies and ensure a smooth registration process.

Frequently asked questions

What is the current guideline value of Brindavanam?

The current guideline value of Brindavanam is Rs 2,639 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased by 10% from Rs 2,399 per sq.ft in 2023 to Rs 2,639 per sq.ft in 2024.

What is the land classification for Brindavanam?

The land classification for Brindavanam is Residential Special Type - I.

Which Sub Registrar Office covers Brindavanam?

The Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone, covers Brindavanam.

How is the stamp duty calculated for properties in Brindavanam?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 1,84,730.