Guideline Value for BRONSON GARDEN STREET & ROAD

Bronson Garden Street & Road guideline value

The current guideline value for Bronson Garden Street & Road is Rs 6,500 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village, under the Purasaivakkam SRO, and is classified as Residential Class II Type - II.

How the guideline value of Bronson Garden Street & Road has changed

Since the 2007 revision, the guideline value for Bronson Garden Street & Road has seen significant changes. In 2007, the value was Rs 2,600 per sq.ft, which increased to Rs 6,000 per sq.ft in 2012, reflecting a rise of 131%. However, it decreased to Rs 4,020 per sq.ft in 2017, marking a decline of 33%. The value then rose sharply to Rs 6,000 per sq.ft in 2023, and further increased to Rs 6,500 per sq.ft in 2024, which is an 8% rise.

The overall increase from the 2007 revision to the 2024 revision is 150%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 18,100 per sq.ft, with a median value of Rs 5,500 per sq.ft. The guideline value for Bronson Garden Street & Road is above this median.

• Bricklin Road P.H.Road To Tvh Square: Rs 10,900 per sq.ft (2024)
• Bricklin Road (Otteri Bridge To Before Tvh Square): Rs 7,100 per sq.ft (2024)
• Brickline 6th Lane: Rs 5,500 per sq.ft (2024)
• Brickline 5th Street: Rs 5,500 per sq.ft (2024)
• Brickline 5th Lane: Rs 5,500 per sq.ft (2024)
• Brickline 4th Lane: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Bronson Garden Street & Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,500 per sq.ft, the total guideline value would be Rs 65,00,000. The stamp duty at 7% would amount to Rs 4,55,000, and the registration fee at 2% would be Rs 1,30,000, bringing the total to Rs 5,85,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bronson Garden Street & Road?

The Sub Registrar Office that covers Bronson Garden Street & Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Purasaivakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Purasaivakkam. It serves as a baseline for calculating the stamp duty and registration fees that are payable during the transaction.

When registering a property, the guideline value is compared with the sale price, and the higher amount is used to determine the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Bronson Garden Street & Road?

The current guideline value for Bronson Garden Street & Road is Rs 6,500 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 2,600 per sq.ft in 2007 to Rs 6,500 per sq.ft in 2024, reflecting an overall increase of 150% over the years.

What is the median guideline value in Purasaivakkam?

The median guideline value in Purasaivakkam is Rs 5,500 per sq.ft, with Bronson Garden Street & Road's current value being above this median.

What are the stamp duty and registration fees for property transactions?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot at the current rate would incur total fees of Rs 5,85,000.

Where can I find the Sub Registrar Office for Bronson Garden Street & Road?

The Sub Registrar Office for Bronson Garden Street & Road is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find more information by visiting the appropriate link.