Guideline Value for Braiyra Street

Braiyra Street guideline value

The current guideline value of Braiyra Street is Rs 4,400 per sq.ft. This street is located in Muthiyalpet village, under the Sowcarpet SRO, and is classified as Residential Class I Type - I.

How the guideline value of Braiyra Street has changed

The guideline value for Braiyra Street has seen several revisions over the years. In 2003, the value was Rs 1,110 per sq.ft, which increased to Rs 1,200 per sq.ft in 2007. Following this, the value surged to Rs 4,000 per sq.ft in 2012, then decreased to Rs 2,680 per sq.ft in 2017. The value increased again to Rs 4,000 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 4,400 per sq.ft. The register has no figure for this street in 2002.

From 2017 to 2023, the value increased by 49%, and from 2023 to 2024, it rose by 10%. The significant change occurred from 2007 to 2012, where the value increased by 233%. Overall, from 2003 to 2024, the guideline value has increased by 296%.

Guideline values in Muthiyalpet

In Muthiyalpet, there are 357 streets under the Sowcarpet SRO that carry a 2024 guideline value, ranging from Rs 3,800 to Rs 16,500 per sq.ft. The median value is Rs 4,400 per sq.ft, which is equal to the current guideline value of Braiyra Street.

• Bridge Rasa Road: Rs 6,000 per sq.ft (2024)
• Boosa Street: Rs 3,800 per sq.ft (2024)
• Bommu Chetty Street: Rs 4,400 per sq.ft (2024)
• Broadway: Rs 16,500 per sq.ft (2024)
• Budha Sahib Street: Rs 4,400 per sq.ft (2024)
• Bunder Ramanaicken Garden Broadway Part: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Braiyra Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. Duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Braiyra Street?

The Sub Registrar Office that covers Braiyra Street is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Muthiyalpet. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of a property.

When a property is sold, the guideline value serves as a benchmark for the minimum value at which the property can be registered. This ensures that the registration fees and duties reflect the current market conditions as outlined in the guideline value register.

Frequently asked questions

What is the current guideline value of Braiyra Street?

The current guideline value of Braiyra Street is Rs 4,400 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,110 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 296% over this period.

What is the median guideline value for streets in Muthiyalpet?

The median guideline value for streets in Muthiyalpet is Rs 4,400 per sq.ft, which is the same as the current value for Braiyra Street.

What are the stamp duty rates for properties in Braiyra Street?

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

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

The Sub Registrar Office for Braiyra Street is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01.