Guideline Value for BRINDHAVAN NAGAR PHASE I

Brindhavan Nagar Phase I guideline value

The current guideline value of Brindhavan Nagar Phase I is Rs 250 per sq.ft. This area is located in Kattoor village, under the Thiruporur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Brindhavan Nagar Phase I has changed

The guideline value for Brindhavan Nagar Phase I has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 250 per sq.ft, the same as the 2023 revision. The 2017 revision recorded a value of Rs 167 per sq.ft, which represents a 50% increase from that year to 2023. In contrast, the 2012 revision was set at Rs 250 per sq.ft, showing a decrease of 33% when compared to the 2017 value. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 250 per sq.ft.

For the years 2002, 2003, and 2007, the register has no figure for this street. This means that the first recorded value for Brindhavan Nagar Phase I was in 2012, and it has fluctuated since then, but has now stabilized at Rs 250 per sq.ft as of 2024.

Guideline values in Kattoor

Kattoor village has 22 streets under the Thiruporur SRO, with guideline values ranging from Rs 250 to Rs 1,493 per sq.ft as of 2024. The median value for these streets is Rs 749 per sq.ft, indicating that Brindhavan Nagar Phase I's current guideline value is below this median.

• Balaji City Radhan Nagar: Rs 250 per sq.ft (2024)
• Arumugam Nagar Phase III: Rs 896 per sq.ft (2024)
• Arumugam Nagar Phase II: Rs 896 per sq.ft (2024)
• Adp Dram City: Rs 1,269 per sq.ft (2024)
• M.S. Nagar: Rs 1,269 per sq.ft (2024)
• Palm Avenue: Rs 602 per sq.ft (2024)

Stamp duty and registration fee for property in Brindhavan Nagar Phase I

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Brindhavan Nagar Phase I?

The Sub Registrar Office that covers Brindhavan Nagar Phase I is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kattoor. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the registration office uses the guideline value to calculate the necessary fees. This ensures that both parties are aware of the financial obligations involved in the transaction, based on the established guideline value for the property.

Frequently asked questions

What is the current guideline value of Brindhavan Nagar Phase I?

The current guideline value of Brindhavan Nagar Phase I is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent being Rs 250 per sq.ft in 2024 and 2023. It was Rs 167 per sq.ft in 2017, and Rs 250 per sq.ft in 2012.

What is the land classification of Brindhavan Nagar Phase I?

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

Where can I find the Thiruporur Sub Registrar Office?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. It is the office responsible for property registrations in this area.

How is the stamp duty calculated for property in Brindhavan Nagar Phase I?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 at 7%.