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Guideline Value

Corporate

Guideline Value for BRINDHAVAN NAGAR / MAIN ROAD

₹3300/sq.ft.

The guideline value for Brindhavan Nagar / Main Road in Manapakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Manapakkam

Village

Chennai South Joint I

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹867 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Brindhavan Nagar / Main Road

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Brindhavan Nagar / Main Road guideline value

The current guideline value of Brindhavan Nagar / Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Manapakkam village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Brindhavan Nagar / Main Road has changed

The guideline value for Brindhavan Nagar / Main Road has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 867 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, reflecting a rise of 246%. However, the value then decreased to Rs 2,010 per sq.ft in 2017, marking a decline of 33%. The next revision in 2023 brought the value back up to Rs 3,000 per sq.ft, and the most recent revision in 2024 set the current value at Rs 3,300 per sq.ft, a 10% increase from the previous year.

Overall, the guideline value has increased by 281% from Rs 867 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 12,800 per sq.ft. The median guideline value for the area is Rs 2,530 per sq.ft, placing Brindhavan Nagar / Main Road above this median.

Stamp duty and registration fee for property in Brindhavan Nagar / Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total cost for these fees Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Brindhavan Nagar / Main Road?

The Sub Registrar Office that covers Brindhavan Nagar / Main Road is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035, Chennai registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Manapakkam, as it determines the minimum value at which a property can be registered. This value is used by the registration authorities to calculate the applicable stamp duty and registration fees, ensuring that all transactions are conducted transparently and fairly.

When a buyer approaches the registration office, the guideline value serves as a benchmark for the transaction. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price instead.

Frequently asked questions

What is the current guideline value of Brindhavan Nagar / Main Road?

The current guideline value of Brindhavan Nagar / Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 867 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 281% over the years.

What is the land classification of Brindhavan Nagar / Main Road?

The land classification for Brindhavan Nagar / Main Road is Residential Class I Type - I.

What are the stamp duty rates for property transactions in this area?

The stamp duty for property transactions in this area is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Brindhavan Nagar / Main Road located?

The Sub Registrar Office for Brindhavan Nagar / Main Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035, Chennai registration zone.