Guideline Value for BRISLY NAGAR 4TH STREET

Brisly Nagar 4th Street guideline value

The current guideline value of Brisly Nagar 4th Street in Perambur village, under the Purasaivakkam SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class IV Type - I land classification.

How the guideline value of Brisly Nagar 4th Street has changed

The guideline value for Brisly Nagar 4th Street has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 431 per sq.ft, which increased to Rs 500 per sq.ft in 2007. The 2012 revision raised the value to Rs 2,000 per sq.ft, but it then dropped to Rs 1,340 per sq.ft in 2017. The value rose significantly to Rs 2,000 per sq.ft in 2023, and the latest revision in 2024 has set it at Rs 2,200 per sq.ft. The register has no figure for this street in 2002.

From 2017 to 2023, the value increased by 49%, and from 2023 to 2024, there was a further increase of 10%. Notably, the value saw a remarkable rise of 300% from 2007 to 2012. Overall, from 2003 to 2024, the guideline value has increased by 410%.

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, making the guideline value of Brisly Nagar 4th Street below this median.

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

Stamp duty and registration fee for property in Brisly Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Brisly Nagar 4th Street?

The Sub Registrar Office that covers Brisly Nagar 4th 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 property registration in Perambur. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is transparent and fair.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Brisly Nagar 4th Street?

The current guideline value of Brisly Nagar 4th Street is Rs 2,200 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 2,200 per sq.ft in 2024, marking an overall increase of 410% over the years.

What is the land classification of Brisly Nagar 4th Street?

Brisly Nagar 4th Street is classified under Residential Class IV Type - I.

Where can I find the Sub Registrar Office for Brisly Nagar 4th Street?

The Sub Registrar Office for Brisly Nagar 4th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in Brisly Nagar 4th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at 7%.