Guideline Value for Brevery Road

Brevery Road guideline value

The current guideline value of Brevery Road in Periakudal village is Rs 11,000 per sq.ft, effective from 1 July 2024. This street falls under the AnnaNagar SRO and is classified as Residential Class I Type - II.

How the guideline value of Brevery Road has changed

The guideline value for Brevery Road has seen significant changes over the years. In the 2007 revision, the value was Rs 1,200 per sq.ft. This increased dramatically to Rs 10,000 per sq.ft in the 2012 revision, marking a rise of 733%. However, in the 2017 revision, the value decreased to Rs 6,700 per sq.ft, a decline of 33%. The value then increased to Rs 10,000 per sq.ft in the 2023 revision, and most recently, it has risen to Rs 11,000 per sq.ft in the 2024 revision, reflecting a 10% increase.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 817%. The revisions for the years 2002 and 2003 do not have any figures recorded for Brevery Road in the register.

Guideline values in Periakudal

In Periakudal, there are 101 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 23,553 per sq.ft. The median value for these streets is Rs 11,500 per sq.ft, indicating that Brevery Road's 2024 figure is below this median.

• C-Blcok 10th Street: Rs 11,500 per sq.ft (2024)
• C-Blcok 6th Street: Rs 11,500 per sq.ft (2024)
• C-Blcok 7th Street: Rs 11,500 per sq.ft (2024)
• C-Blcok 8th Street: Rs 11,500 per sq.ft (2024)
• C-Blcok 9th Street: Rs 11,500 per sq.ft (2024)
• C- Block, 1st main Road Thiru-Vika-Colony 114 to 124: Rs 15,400 per sq.ft (2024)

Stamp duty and registration fee for property in Brevery Road

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value amounts to Rs 1,10,00,000. The stamp duty at 7% would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, bringing the total cost to Rs 9,90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Brevery Road?

The Sub Registrar Office covering Brevery Road is the AnnaNagar 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 Periakudal

The guideline value is a crucial factor in the registration process for property transactions in Periakudal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that they reflect the current market conditions. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Brevery Road?

The current guideline value of Brevery Road is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 1,200 per sq.ft in 2007 to Rs 11,000 per sq.ft in 2024, reflecting an overall increase of 817%.

What is the median guideline value for streets in Periakudal?

The median guideline value for streets in Periakudal is Rs 11,500 per sq.ft, meaning Brevery Road's value is below this median.

What are the stamp duty rates for property in Brevery Road?

The stamp duty rate for property transactions in Brevery Road is 7%, based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Brevery Road located?

The Sub Registrar Office for Brevery Road is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.