Guideline Value for BRINDHAVANA AVENUE

Brindhavana Avenue guideline value

The current guideline value of Brindhavana Avenue is Rs 1,400 per sq.ft. This street is located in Karanaipuducheri village, under the Gooduvancheri SRO. The land classification for this area is Residential Class III Type - IV.

How the guideline value of Brindhavana Avenue has changed

The guideline value for Brindhavana Avenue has undergone several revisions over the years. The 2017 revision set the guideline value at Rs 1,005 per sq.ft, which remained unchanged at Rs 1,400 per sq.ft during the 2023 revision. As of the 2024 revision, the guideline value is still Rs 1,400 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 39% in the guideline value. Overall, from the 2017 revision to the 2024 revision, the guideline value has also increased by 39%, reflecting the stability in the value over the latest revisions.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 2,239 per sq.ft. The median guideline value for these streets is Rs 802 per sq.ft, placing Brindhavana Avenue's 2024 figure above this median.

• Cavin Avenue: Rs 700 per sq.ft (2024)
• Balaji Nagar-I & II: Rs 701 per sq.ft (2024)
• Devanshi Nagar: Rs 1,200 per sq.ft (2024)
• Dhamodara Nagar: Rs 700 per sq.ft (2024)
• Dharsan Aalayam: Rs 1,200 per sq.ft (2024)
• Dilshath Nagar: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Brindhavana Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, leading to a total of Rs 1,26,000. 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 Brindhavana Avenue?

The Sub Registrar Office that covers Brindhavana Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO online.

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

The guideline value is a crucial factor when registering property transactions in Karanaipuducheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the property registration process.

Frequently asked questions

What is the current guideline value of Brindhavana Avenue?

The current guideline value of Brindhavana Avenue is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,400 per sq.ft from 2023 to 2024, while it increased from Rs 1,005 per sq.ft in 2017 to Rs 1,400 per sq.ft in 2023, marking a 39% increase overall from 2017 to 2024.

What is the land classification for Brindhavana Avenue?

Brindhavana Avenue is classified as Residential Class III Type - IV, indicating its designation for residential purposes.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Brindhavana Avenue is charged at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2% of the guideline value.

Where can I find the Sub Registrar Office for Brindhavana Avenue?

The Gooduvancheri Sub Registrar Office covers Brindhavana Avenue and is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.