Guideline Value for BRISLY NAGAR 2ND STREET

Brisly Nagar 2nd Street guideline value

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

How the guideline value of Brisly Nagar 2nd Street has changed

The guideline value for Brisly Nagar 2nd Street has seen several revisions over the years. In 2003, the value was Rs 431 per sq.ft, which increased to Rs 500 per sq.ft in 2007. The value then saw a significant rise to Rs 2,500 per sq.ft in 2012, followed by a decrease to Rs 1,675 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 2,500 per sq.ft, and the latest revision in 2024 set it at Rs 2,700 per sq.ft, reflecting an 8% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 526%. Notably, the register has no figure for this street in 2002.

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 guideline value for these streets is Rs 2,700 per sq.ft, which is equal to the current value of Brisly Nagar 2nd Street.

• Brisly Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Brisly Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Brisly Nagar: Rs 2,700 per sq.ft (2024)
• Brisly Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Brislee Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Brisly Nagar Lane: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Brisly Nagar 2nd 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, bringing the total charges to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Brisly Nagar 2nd Street?

The Sub Registrar Office that covers Brisly Nagar 2nd Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty. Buyers should be aware that the duty is charged based on the higher of the guideline value or the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Brisly Nagar 2nd Street?

The current guideline value of Brisly Nagar 2nd 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 from Rs 431 per sq.ft in 2003 to Rs 2,700 per sq.ft in 2024, reflecting a significant overall increase of 526% over this period.

What is the land classification for Brisly Nagar 2nd Street?

The land classification for Brisly Nagar 2nd Street is Residential Class III Type - II.

Where can I find the Sub Registrar Office for Brisly Nagar 2nd Street?

The Sub Registrar Office for Brisly Nagar 2nd Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in Brisly Nagar 2nd Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 27,00,000, the stamp duty at 7% would be Rs 1,89,000.