Guideline Value for Brindavan 5th Street

Brindavan 5th Street guideline value

The current guideline value of Brindavan 5th 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 5th Street has changed

In the 2012 revision, the guideline value for Brindavan 5th Street was Rs 3,500 per sq.ft. This figure remained unchanged until the 2023 revision, where it still stood at Rs 3,500 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2017.

With the 2024 revision, the guideline value increased to Rs 3,850 per sq.ft, marking a 10% rise from the previous year's figure. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Valasaravakkam

Valasaravakkam has a total of 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 for these streets is Rs 3,850 per sq.ft, which is equal to the current figure for Brindavan 5th Street.

• Brindavan 4th Street: Rs 3,850 per sq.ft (2024)
• Brindavan 6th Street: Rs 3,850 per sq.ft (2024)
• Brindavan 3rd Street: Rs 3,850 per sq.ft (2024)
• Brindavan 2nd Street: Rs 3,850 per sq.ft (2024)
• Brindavan 1st 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 5th Street

For a 1,000 sq.ft plot at the current rate of Rs 3,850 per sq.ft, the 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, totaling 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 details.

Which Sub Registrar Office covers Brindavan 5th Street?

The Sub Registrar Office that covers Brindavan 5th 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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Valasaravakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When buying or selling property, the guideline value helps in determining the legal obligations related to the transaction. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Brindavan 5th Street?

The current guideline value of Brindavan 5th 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 changed from Rs 3,500 per sq.ft in 2012 to Rs 3,850 per sq.ft in 2024, reflecting a 10% increase. There were no changes recorded for the years 2002, 2003, 2007, and 2017.

What is the stamp duty rate for property in Brindavan 5th Street?

The stamp duty rate for property in Brindavan 5th Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the registration office for Brindavan 5th Street?

The registration office for Brindavan 5th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the classification of land for Brindavan 5th Street?

Brindavan 5th Street is classified as Residential Class II Type - I, which indicates its designated use within the area.