Guideline Value for Bramanar Street

Bramanar Street guideline value

The current guideline value of Bramanar Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Mevaloorkuppam B village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Bramanar Street has changed

In the 2017 revision, the guideline value for Bramanar Street was Rs 201 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 300 per sq.ft. The latest 2024 revision again shows the guideline value at Rs 300 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase is also 49%, as the value has remained stable at Rs 300 per sq.ft since 2023.

Guideline values in Mevaloorkuppam B

In Mevaloorkuppam B, there are 84 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 100 to Rs 6,200 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, placing Bramanar Street's 2024 figure below this median.

• Bharathiyar Street: Rs 300 per sq.ft (2024)
• Chennai Bangalore National Highway: Rs 2,100 per sq.ft (2024)
• Bharathi Avenue: Rs 500 per sq.ft (2024)
• Bangalore Main Road: Rs 1,320 per sq.ft (2024)
• Compact Homes -Manjari: Rs 1,320 per sq.ft (2024)
• Cosmocity: Rs 1,320 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 would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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 details.

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

The guideline value is a crucial factor during property registration in Mevaloorkuppam B. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling a property.

When a property is registered, the guideline value serves as a benchmark for calculating the applicable duties. It ensures that the transaction is recorded at a value that reflects the official pricing set by the government.

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, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%. It remained at Rs 300 per sq.ft from 2023 to 2024, showing no change from the previous year.

What is the median guideline value in Mevaloorkuppam B?

The median guideline value for streets in Mevaloorkuppam B is Rs 400 per sq.ft, with Bramanar Street's 2024 figure being below this median.

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

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would be Rs 27,000, which includes Rs 21,000 for stamp duty and Rs 6,000 for registration fees.

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, Chengalpattu registration zone.