Guideline Value for BRISLY NAGAR LANE

Brisly Nagar Lane guideline value

The current guideline value of Brisly Nagar Lane 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 Lane has changed

The guideline value for Brisly Nagar Lane has seen several revisions over the years. In 2007, the value was set at Rs 500 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, this figure dropped to Rs 1,675 per sq.ft in 2017, marking a decrease of 33%. Following this, the value rose to Rs 2,500 per sq.ft in 2023, and the latest revision in 2024 set the value at Rs 2,700 per sq.ft, reflecting an 8% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 440%. Notably, the register has no figures for the years 2002 and 2003 for this street.

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, with the median being Rs 2,700 per sq.ft. Brisly Nagar Lane's 2024 figure aligns with this median.

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

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 be 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 and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Brisly Nagar Lane?

The Sub Registrar Office covering Brisly Nagar Lane 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 plays a crucial role during the registration process of property transactions in Perambur. It is used to determine the stamp duty and registration fees that buyers need to pay when purchasing property.

When selling property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the official rates set by the government. This helps maintain transparency in property dealings and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Brisly Nagar Lane?

The current guideline value of Brisly Nagar Lane 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 increased from Rs 500 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, marking a total increase of 440% over this period.

What are the stamp duty and registration fees for property in Brisly Nagar Lane?

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.

Which Sub Registrar Office covers Brisly Nagar Lane?

The Purasaivakkam Sub Registrar Office covers Brisly Nagar Lane, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Brisly Nagar Lane?

Brisly Nagar Lane is classified under Residential Class III Type - II, indicating its designation for residential purposes.