Guideline Value for Brindavan 4th Street

Brindavan 4th Street guideline value

The current guideline value of Brindavan 4th Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the Virugambakkam SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Brindavan 4th Street has changed

In the 2012 revision, the guideline value for Brindavan 4th Street was Rs 3,500 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased by 10% to Rs 3,850 per sq.ft. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street, as the register does not contain any data for those years.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that carry a 2024 guideline value, ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 3,850 per sq.ft, which is equal to the 2024 figure for Brindavan 4th Street.

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

For a 1,000 sq.ft plot at the current rate of Rs 3,850 per sq.ft, the guideline value is 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. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Brindavan 4th Street?

The Brindavan 4th Street is covered by 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 in the registration process when buying or selling property in Valasaravakkam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that these fees are based on a standardized value set by the government.

When a property is sold, the buyer and seller must refer to the guideline value to assess the applicable charges. This ensures transparency and consistency in property transactions within the area.

Frequently asked questions

What is the current guideline value of Brindavan 4th Street?

The current guideline value of Brindavan 4th 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 increased from Rs 3,500 per sq.ft in 2012 to Rs 3,850 per sq.ft in 2024, marking a 10% increase overall. There were no changes recorded for the years 2002, 2003, 2007, and 2017.

What is the land classification for Brindavan 4th Street?

Brindavan 4th Street falls under the Residential Class II Type - I land classification. This classification is important for understanding the usage and regulations associated with the property.

What are the stamp duty and registration fees for a property in Brindavan 4th Street?

For a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500 and the registration fee would be Rs 77,000, totaling Rs 3,46,500. These fees are calculated based on the guideline value or the sale price, whichever is higher.

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 the registration of properties in the area.