Guideline Value for Bramanar Street

Bramanar Street guideline value

The current guideline value of Bramanar Street is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Katrampakkam village under the Sriperumpudur SRO and falls under the Residential Class I Type - I land classification.

How the guideline value of Bramanar Street has changed

The guideline value for Bramanar Street has seen several revisions over the years. In 2012, the value was set at Rs 400 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 268 per sq.ft. This was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 400 per sq.ft. The 2023 revision maintained this rate, and the 2024 revision has also confirmed the guideline value at Rs 400 per sq.ft, showing no change from the previous year.

There are no figures available for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Katrampakkam

In Katrampakkam, there are 41 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 150 to Rs 800 per sq.ft. The median guideline value in the village is Rs 250 per sq.ft, placing Bramanar Street's 2024 figure above this median.

• Chelliamman Nagar: Rs 500 per sq.ft (2024)
• Cine Production Assistant Nagar: Rs 500 per sq.ft (2024)
• Balaji Nagar: Rs 300 per sq.ft (2024)
• Bajanai Koil Street: Rs 400 per sq.ft (2024)
• Ganapathy Nagar: Rs 250 per sq.ft (2024)
• Adhiparasakthi Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Bramanar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty would be 7% of this value, equating to Rs 28,000, and the registration fee would be 2%, amounting to Rs 8,000. Together, these fees total Rs 36,000. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Bramanar Street?

The Sub Registrar Office that covers Bramanar Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial component in the property registration process in Katrampakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is essential for buyers to be aware of this value to ensure they are paying a fair amount in taxes and fees during the registration process.

Frequently asked questions

What is the current guideline value of Bramanar Street?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft since 2012, with a drop to Rs 268 per sq.ft in 2017, followed by a return to Rs 400 per sq.ft in 2023 and 2024.

What are the stamp duty and registration fees for property in Bramanar Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 4,00,000. The stamp duty is Rs 28,000 and the registration fee is Rs 8,000, totaling Rs 36,000.

Which Sub Registrar Office covers Bramanar Street?

The Sriperumpudur Sub Registrar Office at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone covers Bramanar Street.

What is the significance of the guideline value when buying property?

The guideline value is used to determine the minimum registration value of a property, which affects the stamp duty and registration fees payable during a property transaction.