Guideline Value for Bramanar Street

Bramanar Street guideline value

The current guideline value of Bramanar Street is Rs 300 per sq.ft. This street is located in Mevaloorkuppam village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Bramanar Street has changed

Looking at the revisions, the guideline value for Bramanar Street was Rs 300 per sq.ft in both the 2023 and 2024 revisions. Prior to that, in the 2017 revision, the value was Rs 201 per sq.ft, reflecting an increase of 49% from 2017 to 2023. In the 2012 revision, the value was Rs 300 per sq.ft, which indicates a decrease of 33% from 2012 to 2017.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 300 per sq.ft. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mevaloorkuppam

In Mevaloorkuppam, there are 69 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,400 per sq.ft, with a median value of Rs 400 per sq.ft. Bramanar Street's 2024 value is below this median.

• Bharathiyar Street: Rs 300 per sq.ft (2024)
• Bharathi Avenue: Rs 500 per sq.ft (2024)
• Compact Home Niranjana: Rs 1,075 per sq.ft (2024)
• Compact Homes -Manjari: Rs 900 per sq.ft (2024)
• Cosmocity: Rs 900 per sq.ft (2024)
• Cosmo city-II: Rs 900 per sq.ft (2024)

Stamp duty and registration fee for property in Bramanar Street

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

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. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process of properties in Mevaloorkuppam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bramanar Street?

The current guideline value of Bramanar Street is Rs 300 per sq.ft, as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value for Bramanar Street has seen several changes, with the most notable increase of 49% from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023. The value remained Rs 300 per sq.ft in both the 2023 and 2024 revisions.

What are the stamp duty and registration fees for properties on Bramanar Street?

For a property valued at Rs 300 per sq.ft, the stamp duty would be Rs 21,000, and the registration fee would be Rs 6,000 for a 1,000 sq.ft plot, totaling Rs 27,000.

Where is the Sub Registrar Office for Bramanar Street located?

The Sub Registrar Office for Bramanar Street is located at 27, Chetty Street, Sriperumpudur-602 105, in the Chengalpattu registration zone.

What is the land classification of Bramanar Street?

Bramanar Street is classified as Residential Class III Type - I, which indicates its suitability for residential development.