Guideline Value for Bramin Street

Bramin Street guideline value

The current guideline value of Bramin Street in Alandur village, under the Alandur SRO, is Rs 5,000 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - II land classification.

How the guideline value of Bramin Street has changed

The guideline value for Bramin Street has undergone several revisions over the years. In 2002, the value was Rs 524 per sq.ft, which increased to Rs 569 per sq.ft in 2003. Following this, the value saw a significant rise to Rs 1,800 per sq.ft in 2007, marking a 216% increase. The next revision in 2012 saw a decrease to Rs 4,500 per sq.ft, a drop of 33%. The value then increased to Rs 3,015 per sq.ft in 2017, which was a 49% rise from the previous figure. In 2023, the guideline value was Rs 4,500 per sq.ft, before reaching the current value of Rs 5,000 per sq.ft in 2024, reflecting an 11% increase.

There are no figures available for the revisions in years other than those listed. The overall increase in the guideline value from 2002 to 2024 is 854%.

Guideline values in Alandur

The guideline values for properties in Alandur range from Rs 3,900 to Rs 11,000 per sq.ft as of 2024, with the median value being Rs 5,000 per sq.ft. Bramin Street's current guideline value aligns with this median.

• Dharmaraja Koil Street: Rs 5,000 per sq.ft (2024)
• Eashwaran Koil Street: Rs 5,000 per sq.ft (2024)
• Asarkana Street*: Rs 4,400 per sq.ft (2024)
• Appavu Street: Rs 4,400 per sq.ft (2024)
• Gandhi Market commer: Rs 6,600 per sq.ft (2024)
• Alikan Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Bramin Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value amounts to Rs 50,00,000. The stamp duty at 7% would be Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, bringing the total fees together to Rs 4,50,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bramin Street?

The Sub Registrar Office that covers Bramin Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Alandur. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased. This value is used to calculate the stamp duty and registration fees applicable during the transaction.

When a property is sold, the registration office will assess the property based on the guideline value to ensure that the transaction is recorded accurately. Buyers and sellers must be aware of this value as it directly impacts the costs associated with property transactions.

Frequently asked questions

What is the current guideline value of Bramin Street?

The current guideline value of Bramin Street is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value of Bramin Street changed over the years?

The guideline value has changed significantly from Rs 524 per sq.ft in 2002 to Rs 5,000 per sq.ft in 2024, reflecting an overall increase of 854%.

What are the stamp duty rates for property in Bramin Street?

The stamp duty rate for property in Bramin Street is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for Bramin Street?

The Alandur Sub Registrar Office handles property registrations for Bramin Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What other streets in Alandur have the same guideline value?

Other streets in Alandur with the same guideline value of Rs 5,000 per sq.ft include Dharmaraja Koil Street and Eashwaran Koil Street.