Guideline Value for Brammavathy Street (JPT)

Brammavathy Street (JPT) guideline value

The current guideline value of Brammavathy Street (JPT) is Rs 4,100 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO, classified as Residential Class IV Type - I.

How the guideline value of Brammavathy Street (JPT) has changed

The guideline value for Brammavathy Street (JPT) has seen several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 1,210 per sq.ft. This value increased significantly to Rs 3,750 per sq.ft in 2012, marking a 210% rise. However, it then decreased to Rs 2,512 per sq.ft in 2017, representing a 33% drop. By 2023, the value increased to Rs 3,750 per sq.ft, and the most recent revision in 2024 set the value at Rs 4,100 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 239%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Kodambakkam

Kodambakkam village has a total of 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value is Rs 4,900 per sq.ft, meaning Brammavathy Street's 2024 figure is below this median.

• Brindavan Street: Rs 8,200 per sq.ft (2024)
• Brindavan Street Extension(Block 61): Rs 8,200 per sq.ft (2024)
• Brindavan Street (Main Road): Rs 8,200 per sq.ft (2024)
• Burma Kanakammal Street: Rs 4,900 per sq.ft (2024)
• Bhuvaneshwari Colony: Rs 5,500 per sq.ft (2024)
• Bhuddar Street (M.G.R.Nagar): Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Brammavathy Street (JPT)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,100 per sq.ft, the total guideline value amounts to Rs 41,00,000. The stamp duty at 7% would be Rs 2,87,000, and the registration fee at 2% would be Rs 82,000, bringing the total to Rs 3,69,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Brammavathy Street (JPT)?

The Sub Registrar Office that covers Brammavathy Street (JPT) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kodambakkam. It is used to determine the stamp duty and registration fees that are applicable, ensuring that the transaction is recorded accurately in the official register.

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

Frequently asked questions

What is the current guideline value of Brammavathy Street (JPT)?

The current guideline value of Brammavathy Street (JPT) is Rs 4,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,210 per sq.ft in 2007 to Rs 4,100 per sq.ft in 2024, showing a significant increase over the years.

What are the other streets in Kodambakkam with their guideline values?

Other streets in Kodambakkam include Brindavan Street, Brindavan Street Extension, Brindavan Street (Main Road), Burma Kanakammal Street, Bhuvaneshwari Colony, and Bhuddar Street (M.G.R.Nagar) with varying guideline values.

What is the registration fee for property in Brammavathy Street (JPT)?

The registration fee for property in Brammavathy Street (JPT) is calculated based on the guideline value, with a fee of 2% applicable.

Where can I find the Sub Registrar Office for Brammavathy Street (JPT)?

The Sub Registrar Office for Brammavathy Street (JPT) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.