Guideline Value for BRISLY NAGAR

Brisly Nagar guideline value

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

How the guideline value of Brisly Nagar has changed

Over the years, the guideline value of Brisly Nagar has seen significant changes. Starting from Rs 431 per sq.ft in 2003, it increased to Rs 500 per sq.ft in 2007, marking a 16% rise. The value then surged to Rs 2,500 per sq.ft in 2012, reflecting a substantial 400% increase. However, between 2012 and 2017, the value dropped to Rs 1,675 per sq.ft, a decrease of 33%. From 2017 to 2023, it rose sharply to Rs 2,500 per sq.ft, a 49% increase, and finally, the current value is Rs 2,700 per sq.ft as of the 2024 revision, which is an 8% increase from the previous year.

It is important to note that the register has no figure for the year 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 526%.

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 is Rs 2,700 per sq.ft, which is equal to the current value of Brisly Nagar.

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

Stamp duty and registration fee for property in Brisly Nagar

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. Together, the total cost for stamp duty and registration would be Rs 2,43,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Brisly Nagar?

The Sub Registrar Office that covers Brisly Nagar 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 buying or selling property in Perambur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values for different areas.

Frequently asked questions

What is the current guideline value of Brisly Nagar?

The current guideline value of Brisly Nagar 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 significantly 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 other streets in Perambur with similar guideline values?

Other streets in Perambur, such as Brislee Nagar 5th Street, Brisly Nagar 1st Street, Brisly Nagar 2nd Street, and Brisly Nagar 3rd Street, also have a guideline value of Rs 2,700 per sq.ft in 2024.

What is the registration fee for property in Brisly Nagar?

The registration fee for property in Brisly Nagar is calculated based on the guideline value. For example, for a property valued at Rs 27,00,000, the registration fee at 2% would be Rs 54,000.

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

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