Guideline Value for Brahmanar St

Brahmanar St guideline value

The current guideline value of Brahmanar St in Perampakkam village is Rs 350 per sq.ft, effective from 1 July 2024. This street falls under the Perambakkam SRO and is classified as Residential Class II Type - I.

How the guideline value of Brahmanar St has changed

The guideline value for Brahmanar St has seen several revisions since 2007. In 2007, the value was Rs 100 per sq.ft, which increased significantly to Rs 350 per sq.ft in 2012, marking a rise of 250%. However, by 2017, it dropped to Rs 234 per sq.ft, a decrease of 33%. The value then increased to Rs 350 per sq.ft in 2023, maintaining the same figure in the 2024 revision, resulting in a 50% increase from the 2017 figure.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for Brahmanar St. Overall, from 2007 to 2024, the guideline value has increased by 250%.

Guideline values in Perampakkam

In Perampakkam, there are 20 streets under the Perambakkam SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 500 per sq.ft. The median value is Rs 350 per sq.ft, which is equal to the current guideline value of Brahmanar St.

• Bazzar St: Rs 500 per sq.ft (2024)
• Eswaran Koil St: Rs 350 per sq.ft (2024)
• Anna salai: Rs 400 per sq.ft (2024)
• Gandhi Nagar: Rs 350 per sq.ft (2024)
• Hospital Road: Rs 400 per sq.ft (2024)
• Jothi Ramalingam Nagar: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Brahmanar St

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value would be Rs 3,50,000. The stamp duty at 7% would amount to Rs 24,500, while the registration fee at 2% would be Rs 7,000, bringing the total to Rs 31,500. It is important to 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 Brahmanar St?

The Sub Registrar Office that covers Brahmanar St is the Perambakkam Sub Registrar Office, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Perampakkam. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This process helps maintain transparency and compliance with local regulations in real estate transactions.

Frequently asked questions

What is the current guideline value of Brahmanar St?

The current guideline value of Brahmanar St is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, with the most significant increase occurring from Rs 100 per sq.ft in 2007 to Rs 350 per sq.ft in 2012. The value remained at Rs 350 per sq.ft in 2023 and 2024.

What is the land classification for Brahmanar St?

Brahmanar St is classified as Residential Class II Type - I, which indicates its suitability for residential purposes.

Where can I find the Sub Registrar Office for Brahmanar St?

The Sub Registrar Office for Brahmanar St is located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone.

How is the stamp duty calculated for properties in Brahmanar St?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property valued at Rs 3,50,000 would incur a stamp duty of Rs 24,500 at 7%.