Guideline Value for Bridhavan Avenue

Bridhavan Avenue guideline value

The current guideline value of Bridhavan Avenue, located in Kayirambedu village under the Chengleput Joint II SRO, is Rs 700 per sq.ft, effective from 1 July 2024. This classification falls under Residential Special Type - II.

How the guideline value of Bridhavan Avenue has changed

The guideline value for Bridhavan Avenue has undergone several revisions over the years. In 2007, the value was set at Rs 210 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012. However, it then saw a decrease of 33% to Rs 469 per sq.ft in 2017. The 2023 revision maintained the value at Rs 700 per sq.ft, and the same value continues in the 2024 revision, indicating no change from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. The overall change from the 2007 revision to the 2024 revision shows an increase of 233% in the guideline value.

Guideline values in Kayirambedu

In Kayirambedu, there are 120 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,550 per sq.ft, with a median value of Rs 700 per sq.ft. Bridhavan Avenue's 2024 figure aligns with this median.

• Blue Bell Avenue: Rs 1,500 per sq.ft (2024)
• Bhavanipuram: Rs 700 per sq.ft (2024)
• Chozha Nagar: Rs 700 per sq.ft (2024)
• Crystal Paradise Phase - II: Rs 2,389 per sq.ft (2024)
• Baby Nagar: Rs 700 per sq.ft (2024)
• Avvai Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Bridhavan Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. 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 more precise calculations.

Which Sub Registrar Office covers Bridhavan Avenue?

The Sub Registrar Office covering Bridhavan Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is crucial during property registration as it determines the amount of stamp duty and registration fees payable. Buyers and sellers must refer to the guideline value to ensure compliance with legal requirements during the transaction.

Additionally, the guideline value serves as a benchmark for property transactions in the area, influencing the financial aspects of buying and selling real estate. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bridhavan Avenue?

The current guideline value of Bridhavan Avenue is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 210 per sq.ft in 2007 to Rs 700 per sq.ft in 2012, followed by a decrease to Rs 469 per sq.ft in 2017. It remained at Rs 700 per sq.ft in both 2023 and 2024.

What are the stamp duty and registration fees for a property in Bridhavan Avenue?

For a property with a guideline value of Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000.

Which Sub Registrar Office covers Bridhavan Avenue?

The Chengleput Joint II Sub Registrar Office covers Bridhavan Avenue, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for Bridhavan Avenue?

Bridhavan Avenue is classified as Residential Special Type - II under the guideline value register.