Guideline Value for Brahamaputhira Street

Brahamaputhira Street guideline value

The current guideline value of Brahamaputhira Street is Rs 3,300 per sq.ft. This street is located in Moovarasampattu village, under the Alandur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Brahamaputhira Street has changed

The guideline value for Brahamaputhira Street has undergone several revisions over the years. In 2002, the value was Rs 140 per sq.ft, which increased to Rs 154 per sq.ft in 2003, marking a 10% rise. The value saw a significant jump to Rs 650 per sq.ft in 2007, representing a 362% increase. By 2012, the value reached Rs 3,000 per sq.ft, which was a decrease of 33% from the previous revision. The 2017 revision set the value at Rs 2,010 per sq.ft, reflecting a 49% increase from 2012. The most recent revision in 2023 brought the value to Rs 3,000 per sq.ft, and the upcoming 2024 revision will set it at Rs 3,300 per sq.ft, a 10% increase from 2023.

There are no figures available for the revisions in years other than those mentioned. Overall, from 2002 to 2024, the guideline value has increased by 2,257%.

Guideline values in Moovarasampattu

In Moovarasampattu, there are 68 streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median value is Rs 3,300 per sq.ft, which is the same as the 2024 guideline value for Brahamaputhira Street.

• Bhavani Street(Ganga Nagar): Rs 3,300 per sq.ft (2024)
• Bharathiyar Street: Rs 3,300 per sq.ft (2024)
• Bharathiyar First Street: Rs 3,300 per sq.ft (2024)
• Bharathiyar 2nd Cross: Rs 3,300 per sq.ft (2024)
• Bharathiyar 1st Cross: Rs 3,300 per sq.ft (2024)
• Balaya Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Brahamaputhira Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty, charged at 7%, would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, the total cost for stamp duty and registration would be Rs 2,97,000. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Brahamaputhira Street?

The Sub Registrar Office that covers Brahamaputhira Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of properties in Moovarasampattu. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that these costs are based on an official valuation of the property.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial obligations during the registration process. Proper understanding of these values can help in planning the budget for property transactions.

Frequently asked questions

What is the current guideline value of Brahamaputhira Street?

The current guideline value of Brahamaputhira Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 140 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 2,257% over the years.

What is the land classification for Brahamaputhira Street?

Brahamaputhira Street is classified as Residential Class I Type - I, indicating its designation for residential purposes.

Where can I find the Sub Registrar Office for Brahamaputhira Street?

The Sub Registrar Office for Brahamaputhira Street is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for properties in Brahamaputhira Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at a rate of 7%.