Guideline Value for Brindavan 2nd Street

Brindavan 2nd Street guideline value

The current guideline value of Brindavan 2nd Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village under the Virugambakkam SRO, classified as Residential Class II Type - I.

How the guideline value of Brindavan 2nd Street has changed

In the 2012 revision, the guideline value was set at Rs 3,500 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 3,500 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 3,850 per sq.ft, marking a 10% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register does not provide figures for the years 2002, 2003, 2007, and 2017 for Brindavan 2nd Street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value is Rs 3,850 per sq.ft, which is equal to the current guideline value of Brindavan 2nd Street.

• Brindavan 1st Street: Rs 3,850 per sq.ft (2024)
• Brindavan 3rd Street: Rs 3,850 per sq.ft (2024)
• Brindavan 4th Street: Rs 3,850 per sq.ft (2024)
• Brindavan 5th Street: Rs 3,850 per sq.ft (2024)
• Brindavan 6th Street: Rs 3,850 per sq.ft (2024)
• Brindavan Nagar 1st Cross Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Brindavan 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Brindavan 2nd Street?

The Sub Registrar Office that covers Brindavan 2nd Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value plays a crucial role during property registration in Valasaravakkam. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to ensure that the transaction is recorded accurately. This helps in maintaining transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Brindavan 2nd Street?

The current guideline value of Brindavan 2nd Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has increased from Rs 3,500 per sq.ft to Rs 3,850 per sq.ft in 2024, reflecting a 10% rise overall. The 2023 revision recorded no change from 2012.

What is the stamp duty for property in Brindavan 2nd Street?

The stamp duty for property in Brindavan 2nd Street is calculated at 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500.

Where is the Virugambakkam Sub Registrar Office located?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. This office handles registrations for properties in Brindavan 2nd Street.

What is the land classification of Brindavan 2nd Street?

Brindavan 2nd Street is classified as Residential Class II Type - I, indicating its use for residential purposes within the locality.