Guideline Value for BRINDHAVAN GARDEN

Brindhavan Garden guideline value

The current guideline value of Brindhavan Garden, located in Karasangal village, is Rs 1,875 per sq.ft, effective from 1 July 2024. This area falls under the Sriperumpudur SRO and is classified as Residential Class I Type - III.

How the guideline value of Brindhavan Garden has changed

Over the years, the guideline value of Brindhavan Garden has undergone several revisions. The 2017 revision recorded a guideline value of Rs 1,250 per sq.ft. This remained unchanged until the 2023 revision, which also listed the value at Rs 1,875 per sq.ft. The current 2024 revision maintains this figure, showing no percentage change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From the 2017 revision to the 2023 revision, there was a significant increase of 50%. Overall, comparing the 2017 revision to the current 2024 revision, the increase is also 50%, reflecting a steady valuation in recent years.

Guideline values in Karasangal

In Karasangal village, there are 59 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 3,550 per sq.ft. The median guideline value for these streets is Rs 402 per sq.ft, placing Brindhavan Garden's 2024 figure above this median.

• Bhasyam Ayyankar Street: Rs 250 per sq.ft (2024)
• City Lando Avenue: Rs 800 per sq.ft (2024)
• Devaraj Kulakarai Street: Rs 250 per sq.ft (2024)
• Dr. Ambedkar Street: Rs 100 per sq.ft (2024)
• Dr. Ramdoss Street: Rs 250 per sq.ft (2024)
• A.S.Nagar: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Brindhavan Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,875 per sq.ft, the total guideline value amounts to Rs 18,75,000. The stamp duty at 7% would be Rs 1,31,250, and the registration fee at 2% would be Rs 37,500, totaling Rs 1,68,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Brindhavan Garden?

The Brindhavan Garden area is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role when buying or selling property in Karasangal. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable fees. This means that both buyers and sellers need to consider the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Brindhavan Garden?

The current guideline value of Brindhavan Garden is Rs 1,875 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,250 per sq.ft in 2017 to Rs 1,875 per sq.ft in 2023 and has remained the same in 2024. This reflects a 50% increase from 2017 to 2024.

What is the land classification for Brindhavan Garden?

Brindhavan Garden is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where can I find the registration office for Brindhavan Garden?

The registration office covering Brindhavan Garden is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Brindhavan Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 18,75,000, the stamp duty would be Rs 1,31,250 at a rate of 7%.