Guideline Value for BRISLY NAGAR 1ST STREET

Brisly Nagar 1st Street guideline value

The current guideline value of Brisly Nagar 1st Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, and it falls under the Residential Class III Type - II land classification.

How the guideline value of Brisly Nagar 1st Street has changed

The guideline value for Brisly Nagar 1st Street has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 431 per sq.ft. This increased to Rs 500 per sq.ft in 2007, followed by a significant jump to Rs 2,500 per sq.ft in 2012. However, the 2017 revision saw a decrease to Rs 1,675 per sq.ft. The value then rose to Rs 2,500 per sq.ft in 2023, and currently, it stands at Rs 2,700 per sq.ft from the 2024 revision. The register has no figure for this street for the year 2002.

Between these revisions, the changes were as follows: from 2003 to 2007, there was an increase of 16%. The value surged by 400% from 2007 to 2012, but then dropped by 33% from 2012 to 2017. The value increased by 49% from 2017 to 2023, and there was an 8% rise from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by 526%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, which is the same as the guideline value for Brisly Nagar 1st Street.

• Brisly Nagar: Rs 2,700 per sq.ft (2024)
• Brisly Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Brislee Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Brisly Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Brisly Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Brisly Nagar Lane: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Brisly Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000. Together, the total cost for these fees would be Rs 2,43,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Brisly Nagar 1st Street?

The Sub Registrar Office that covers Brisly Nagar 1st Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is a crucial aspect when buying or selling property in Perambur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Brisly Nagar 1st Street?

The current guideline value of Brisly Nagar 1st Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 431 per sq.ft in 2003 to Rs 2,700 per sq.ft in 2024, with various increases and decreases in between.

What is the median guideline value for streets in Perambur?

The median guideline value for streets in Perambur under the Purasaivakkam SRO is Rs 2,700 per sq.ft, which is the same as the guideline value for Brisly Nagar 1st Street.

What are the stamp duty and registration fees for property in Brisly Nagar 1st Street?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Where is the Sub Registrar Office for Brisly Nagar 1st Street located?

The Sub Registrar Office for Brisly Nagar 1st Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.