Guideline Value for Brijvaji Avenue

Brijvaji Avenue guideline value

The current guideline value of Brijvaji Avenue is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Pennaloor village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Brijvaji Avenue has changed

Over the years, the guideline value of Brijvaji Avenue has seen several revisions. The earliest recorded revision was in 2012, where the guideline value was Rs 200 per sq.ft. In 2017, it decreased to Rs 134 per sq.ft, marking a -33% change. By the 2023 revision, the value returned to Rs 200 per sq.ft, and it remained unchanged in the 2024 revision, resulting in a 0% change from 2023 to 2024.

From 2012 to 2017, there was a significant decrease, but from 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 200 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Pennaloor

In Pennaloor, there are 35 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 1,200 per sq.ft, with a median value of Rs 200 per sq.ft. Brijvaji Avenue's 2024 guideline value aligns perfectly with this median.

• Bajanai Koil Street: Rs 200 per sq.ft (2024)
• Dr. A.P.J. Abdulkalam Nagar: Rs 500 per sq.ft (2024)
• E.B.Kudi Colony: Rs 200 per sq.ft (2024)
• Gangai Amman Koil Street: Rs 200 per sq.ft (2024)
• Ambedhkar Street: Rs 100 per sq.ft (2024)
• Gowtham Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Brijvaji Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total cost for these fees Rs 18,000. 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 details.

Which Sub Registrar Office covers Brijvaji Avenue?

Brijvaji Avenue falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pennaloor. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that transactions are conducted transparently and fairly.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Brijvaji Avenue?

The current guideline value of Brijvaji Avenue is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained constant at Rs 200 per sq.ft from 2012 to 2024, with fluctuations in between. It decreased to Rs 134 per sq.ft in 2017, before returning to Rs 200 per sq.ft in 2023.

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

Other streets in Pennaloor also have guideline values that range from Rs 100 to Rs 1,200 per sq.ft. For example, Bajanai Koil Street and E.B.Kudi Colony both have a guideline value of Rs 200 per sq.ft in 2024.

Where can I find the Sub Registrar Office for Brijvaji Avenue?

The Sub Registrar Office covering Brijvaji Avenue is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For instance, for a 1,000 sq.ft plot at the guideline value of Rs 200 per sq.ft, the total fees would amount to Rs 18,000.