Guideline Value for Bradees street

Bradees street guideline value

The current guideline value of Bradees street is Rs 2,740 per sq.ft, effective from 1 July 2024. This street is located in Poonthamallee village, under the Poonamallee SRO, and is classified as Residential Class I Type - I.

How the guideline value of Bradees street has changed

The guideline value for Bradees street has seen significant changes over the years. In the 2007 revision, the value was Rs 400 per sq.ft, which increased dramatically to Rs 2,500 per sq.ft in 2012, marking a rise of 525%. However, in 2017, the value decreased to Rs 1,675 per sq.ft, a drop of 33%. The guideline value then rose to Rs 2,500 per sq.ft in 2023, and further increased by 10% to Rs 2,740 per sq.ft in the 2024 revision.

There are no figures available for the revisions in 2002 and 2003 for Bradees street. Overall, from 2007 to 2024, the guideline value has increased by 585%.

Guideline values in Poonthamallee

Poonthamallee village has a total of 257 streets under the Poonamallee SRO, with guideline values ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Bradees street above this median at Rs 2,740 per sq.ft.

• Bunkingham road: Rs 2,200 per sq.ft (2024)
• B.V.R.Nagar: Rs 2,200 per sq.ft (2024)
• Bye pass road: Rs 3,520 per sq.ft (2024)
• Chakramangala Nagar: Rs 2,740 per sq.ft (2024)
• Chetti street: Rs 3,250 per sq.ft (2024)
• Chinnamasudhi street: Rs 2,740 per sq.ft (2024)

Stamp duty and registration fee for property in Bradees street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,740 per sq.ft, the total guideline value amounts to Rs 27,40,000. The stamp duty at 7% would be Rs 1,91,800, and the registration fee at 2% would be Rs 54,800, bringing the total cost together to Rs 2,46,600. 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 Bradees street?

The Sub Registrar Office that covers Bradees street is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056. You can find your SRO for more details.

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

The guideline value plays a crucial role when buying or selling property in Poonthamallee. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that these costs can significantly impact the overall expenditure involved in property transactions.

Additionally, the guideline value serves as a reference point for property valuation, ensuring that the pricing aligns with the established rates in the area. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Bradees street?

The current guideline value of Bradees street is Rs 2,740 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Bradees street has increased from Rs 400 per sq.ft in 2007 to Rs 2,740 per sq.ft in 2024, marking an overall increase of 585%.

What are the other streets in Poonthamallee with their guideline values?

Other streets in Poonthamallee include Bunkingham road and B.V.R.Nagar at Rs 2,200 per sq.ft, Bye pass road at Rs 3,520 per sq.ft, Chakramangala Nagar, and Chinnamasudhi street at Rs 2,740 per sq.ft, and Chetti street at Rs 3,250 per sq.ft.

What is the stamp duty rate for properties in Bradees street?

The stamp duty rate for properties in Bradees street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Bradees street located?

The Sub Registrar Office covering Bradees street is located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056.