Guideline Value for Brijvaji Avenue

Brijvaji Avenue guideline value

The current guideline value of Brijvaji Avenue is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Venkadu village under the Sriperumpudur SRO and falls under the Residential Class IV Type - I land classification.

How the guideline value of Brijvaji Avenue has changed

The guideline value for Brijvaji Avenue has seen several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 100 per sq.ft. This remained unchanged in the subsequent revision in 2017, where it dropped to Rs 67 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased by 49%, bringing it back to Rs 100 per sq.ft. The 2024 revision has maintained this value, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Therefore, the only recorded values are from 2012, 2017, 2023, and the current 2024 revision.

Guideline values in Venkadu

In Venkadu, there are 24 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 471 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, indicating that Brijvaji Avenue's 2024 figure is below this median.

• Bajanai Koil Street: Rs 300 per sq.ft (2024)
• Ellaiyamman Koil Street: Rs 310 per sq.ft (2024)
• Gandhi Nagar: Rs 300 per sq.ft (2024)
• Jeyam Nagar: Rs 300 per sq.ft (2024)
• Lake View Avenue: Rs 310 per sq.ft (2024)
• Main Road: Rs 400 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 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total fees to Rs 9,000. 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 detailed calculations.

Which Sub Registrar Office covers Brijvaji Avenue?

The Sub Registrar Office that covers Brijvaji Avenue is 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 Venkadu

The guideline value is a crucial factor in the registration process when buying or selling property in Venkadu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the transaction is in line with the prevailing rates in the area. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Brijvaji Avenue?

The current guideline value of Brijvaji Avenue is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft in 2012, 2023, and 2024, while it decreased to Rs 67 per sq.ft in 2017. There are no figures available for the years 2002, 2003, and 2007.

What are the guideline values of other streets in Venkadu?

Other streets in Venkadu have varying guideline values, ranging from Rs 100 to Rs 471 per sq.ft. For example, Bajanai Koil Street and Gandhi Nagar both have a guideline value of Rs 300 per sq.ft in 2024.

What fees are associated with buying property in Brijvaji Avenue?

When buying property in Brijvaji Avenue, the stamp duty is charged at 7% of the guideline value, and the registration fee is charged at 2%. For a 1,000 sq.ft plot, these fees total Rs 9,000.

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

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