Guideline Value for Bramanar street

Bramanar street guideline value

The current guideline value of Bramanar street is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Thirupachur village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Special Type - II.

How the guideline value of Bramanar street has changed

The guideline value for Bramanar street has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 50 per sq.ft, which saw a significant increase to Rs 1,500 per sq.ft in the 2012 revision, marking a change of +2900%. However, it then decreased to Rs 1,005 per sq.ft in the 2017 revision, a drop of -33%. The value remained at Rs 1,500 per sq.ft in both the 2023 and 2024 revisions, showing no change between these two years.

It is important to note that there are no figures available for Bramanar street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by +2900%.

Guideline values in Thirupachur

In Thirupachur, there are 19 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft. The median value for these streets is Rs 550 per sq.ft, placing Bramanar street's 2024 figure above this median.

• Chandu street: Rs 550 per sq.ft (2024)
• Bazar street: Rs 2,000 per sq.ft (2024)
• J. J.Nagar: Rs 400 per sq.ft (2024)
• Kadai street: Rs 1,000 per sq.ft (2024)
• Kosa street: Rs 550 per sq.ft (2024)
• Kottai Colony: 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 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, leading to a total of Rs 1,35,000. 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 Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thirupachur. It serves as a reference point for calculating the stamp duty and registration fees, ensuring that these costs are based on the officially recognized value of the property.

When a buyer or seller approaches the registration office, the guideline value is assessed to determine the applicable fees. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Bramanar street?

The current guideline value of Bramanar street is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, from Rs 50 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, followed by a decrease to Rs 1,005 per sq.ft in 2017. It remained at Rs 1,500 per sq.ft in both 2023 and 2024.

What are the other streets in Thirupachur?

Other streets in Thirupachur under the Tiruvallur Joint 1 SRO include Chandu street, Bazar street, J. J.Nagar, Kadai street, Kosa street, and Kottai Colony, each with varying guideline values.

What is the registration fee for property in Bramanar street?

The registration fee for property in Bramanar street is calculated based on the guideline value. For example, for a property valued at Rs 15,00,000, the registration fee would be Rs 30,000 at a rate of 2%.

Where is the Sub Registrar Office for Bramanar street located?

The Sub Registrar Office covering Bramanar street is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.