Guideline Value for BRISLY NAGAR MAIN ROAD

Brisly Nagar Main Road guideline value

The current guideline value of Brisly Nagar Main Road is Rs 3,200 per sq.ft, effective from 1 July 2024. This road is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class III Type - I.

How the guideline value of Brisly Nagar Main Road has changed

Over the years, the guideline value for Brisly Nagar Main Road has seen several revisions. The earliest recorded figure is from 2003, where the value was Rs 431 per sq.ft. This figure increased to Rs 600 per sq.ft in 2007, marking a significant rise of 39%. The value then surged to Rs 3,000 per sq.ft in 2012, reflecting a remarkable increase of 400%. However, it dropped to Rs 2,010 per sq.ft in 2017, a decrease of 33%. The value saw a substantial increase again to Rs 3,000 per sq.ft in 2023, and finally reached Rs 3,200 per sq.ft in 2024, which is a 7% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 642%. It is important to note that there is no figure available for this street in the 2002 revision.

Guideline values in Perambur

In Perambur, the guideline values vary significantly, with 1114 streets under the Purasaivakkam SRO carrying a 2024 figure 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, positioning Brisly Nagar Main Road's 2024 figure above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,200 per sq.ft, the total guideline value would be Rs 32,00,000. The stamp duty at 7% would amount to Rs 2,24,000, while the registration fee at 2% would be Rs 64,000. Together, the total cost for these fees would be Rs 2,88,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Brisly Nagar Main Road?

The Sub Registrar Office that covers Brisly Nagar Main Road 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 critical factor in property transactions in Perambur, as it determines the minimum value at which a property can be registered. When a buyer purchases a property, the registration fees and stamp duty are calculated based on this guideline value, ensuring that the government receives the appropriate revenue from property transactions.

During the registration process, if the sale price of the property exceeds the guideline value, the higher amount will be considered for calculating the stamp duty and registration fees. This ensures that transactions are recorded accurately and transparently.

Frequently asked questions

What is the current guideline value of Brisly Nagar Main Road?

The current guideline value of Brisly Nagar Main Road is Rs 3,200 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 3,200 per sq.ft in 2024, reflecting an overall increase of 642% over this period.

What are the stamp duty and registration fees for properties on Brisly Nagar Main Road?

For a property valued at Rs 32,00,000, the stamp duty would be Rs 2,24,000 and the registration fee would be Rs 64,000, totaling Rs 2,88,000.

Which Sub Registrar Office is responsible for Brisly Nagar Main Road?

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

What is the land classification for Brisly Nagar Main Road?

Brisly Nagar Main Road is classified as Residential Class III Type - I, indicating its suitability for residential development.