Guideline Value for BRISLY NAGAR 3RD STREET

Brisly Nagar 3rd Street guideline value

The current guideline value of Brisly Nagar 3rd Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class III Type - II.

How the guideline value of Brisly Nagar 3rd Street has changed

The guideline value for Brisly Nagar 3rd 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. This was followed by a significant rise to Rs 2,500 per sq.ft in 2012. However, the value dropped to Rs 1,675 per sq.ft in 2017, before climbing back to Rs 2,500 per sq.ft in 2023. The latest revision in 2024 has set the value at Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 526%. The register does not have a figure for the year 2002 for this street.

Guideline values in Perambur

In Perambur village, 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 is Rs 2,700 per sq.ft, which aligns with the guideline value of Brisly Nagar 3rd Street.

• Brisly Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Brisly Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Brisly Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Brisly Nagar Lane: Rs 2,700 per sq.ft (2024)
• Brisly Nagar: Rs 2,700 per sq.ft (2024)
• Brisly Nagar Main Road: Rs 3,200 per sq.ft (2024)

Stamp duty and registration fee for property in Brisly Nagar 3rd Street

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total 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 detailed calculations.

Which Sub Registrar Office covers Brisly Nagar 3rd Street?

The Sub Registrar Office that covers Brisly Nagar 3rd 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 during the registration of property transactions in Perambur. When buying or selling property, it determines the minimum value on which stamp duty and registration fees are calculated.

It is essential for buyers and sellers to be aware of the guideline value as it impacts the overall cost of the transaction. Accurate knowledge of these values can help in better financial planning during property dealings.

Frequently asked questions

What is the current guideline value of Brisly Nagar 3rd Street?

The current guideline value of Brisly Nagar 3rd 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 several times, starting from Rs 431 per sq.ft in 2003 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 526% over this period.

What are the stamp duty and registration fees for property in Brisly Nagar 3rd Street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 2,43,000, based on the current guideline value of Rs 27,00,000.

Which Sub Registrar Office should I visit for transactions in Brisly Nagar 3rd Street?

The Purasaivakkam Sub Registrar Office is responsible for transactions in Brisly Nagar 3rd Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the purpose of the guideline value in property transactions?

The guideline value serves as the minimum value for calculating stamp duty and registration fees during property transactions. It ensures that the government receives appropriate revenue from property sales.