Guideline Value for Brindavan 3rd Street

Brindavan 3rd Street guideline value

The current guideline value of Brindavan 3rd 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 3rd Street has changed

The guideline value for Brindavan 3rd Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 3,850 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 3,500 per sq.ft. Prior to that, the 2012 revision also listed the value at Rs 3,500 per sq.ft. There are no figures available for the revisions in 2002, 2003, 2007, and 2017.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The consistent figure of Rs 3,500 per sq.ft from 2012 to 2023 indicates stability in this period before the recent increase.

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 matches the current value of Brindavan 3rd Street.

• Brindavan 2nd Street: Rs 3,850 per sq.ft (2024)
• Brindavan 4th Street: Rs 3,850 per sq.ft (2024)
• Brindavan 1st 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 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to 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 duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information on fees.

Which Sub Registrar Office covers Brindavan 3rd Street?

The Sub Registrar Office that covers Brindavan 3rd 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 the registration process of property transactions in Valasaravakkam. It is used to determine the stamp duty and registration fees, which are essential costs that buyers must consider when purchasing property.

When a property is sold, the guideline value ensures that the transaction is recorded accurately and fairly. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during registration at the Sub Registrar Office.

Frequently asked questions

What is the current guideline value of Brindavan 3rd Street?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 3,500 per sq.ft in 2023 to Rs 3,850 per sq.ft in 2024, marking a 10% increase. The value remained at Rs 3,500 per sq.ft from 2012 to 2023.

What is the land classification of Brindavan 3rd Street?

Brindavan 3rd Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Brindavan 3rd Street?

The Virugambakkam Sub Registrar Office, which covers Brindavan 3rd Street, is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in Brindavan 3rd Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 38,50,000 would incur a stamp duty of Rs 2,69,500.