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 Pillaippakkam-A village and falls under the Sriperumpudur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Bramanar Street has changed

The guideline value for Bramanar Street has seen several revisions over the years. The 2017 revision set the value at Rs 268 per sq.ft, which remained unchanged at Rs 400 per sq.ft in the 2023 revision. The current 2024 revision also maintains this value at Rs 400 per sq.ft, indicating no change from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from the 2017 revision to the 2024 revision, the increase is also 49%. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pillaippakkam-A

In Pillaippakkam-A, there are 49 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,254 per sq.ft. The median guideline value in this village is Rs 300 per sq.ft, placing Bramanar Street's 2024 figure above this median.

• Bhirundhavan Nagar: Rs 400 per sq.ft (2024)
• Beauty kingdom: Rs 300 per sq.ft (2024)
• Beauty Greens: Rs 300 per sq.ft (2024)
• Beauty Farms: Rs 300 per sq.ft (2024)
• Cyrstel Gardens: Rs 300 per sq.ft (2024)
• Deepak Nagar: Rs 300 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 would be Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total cost for these fees Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, 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.

To find your specific SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Pillaippakkam-A

The guideline value is a crucial factor in the registration process when buying or selling property in Pillaippakkam-A. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded accurately in the official registry.

When a property is sold, the buyer and seller must consider the guideline value to ensure compliance with local regulations. This value helps in maintaining transparency and accountability in property transactions.

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 much has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft from 2023 to 2024, with a 49% increase from Rs 268 per sq.ft in 2017 to 2023 and also from 2017 to 2024.

What are the other streets in Pillaippakkam-A with their guideline values?

Other streets in Pillaippakkam-A include Bhirundhavan Nagar at Rs 400 per sq.ft, and several others at Rs 300 per sq.ft.

What fees are associated with buying property in Bramanar Street?

When buying property in Bramanar Street, you will incur a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

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

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