Guideline Value for Brindavan Avenue

Brindavan Avenue guideline value

The current guideline value of Brindavan Avenue is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - I.

How the guideline value of Brindavan Avenue has changed

The guideline value for Brindavan Avenue has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, which is a significant increase from the 2017 revision of Rs 2,010 per sq.ft, marking a change of +64%. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

In summary, the guideline value has risen from Rs 2,010 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024. This reflects a considerable increase, while earlier revisions do not provide any figures for Brindavan Avenue.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 880 to Rs 8,250 per sq.ft. The median value is Rs 3,300 per sq.ft, which is equal to the guideline value of Brindavan Avenue.

• Brindavan Colony: Rs 4,400 per sq.ft (2024)
• Brindavan Nagar: Rs 2,200 per sq.ft (2024)
• Brahmin Street: Rs 3,300 per sq.ft (2024)
• Cenwar Nagar: Rs 2,200 per sq.ft (2024)
• Chandran Devanesan Lane: Rs 2,200 per sq.ft (2024)
• Chandran Devanesan Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Brindavan Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost together to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Brindavan Avenue?

The Sub Registrar Office covering Brindavan Avenue is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an important factor during the registration of property transactions in Tambaram. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than the negotiated sale price.

When buying or selling property, it is essential to be aware of the guideline value as it affects the overall transaction costs. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Brindavan Avenue?

The current guideline value of Brindavan Avenue is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

The guideline value increased from Rs 2,010 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, which is a rise of +64%.

What is the land classification of Brindavan Avenue?

Brindavan Avenue is classified as Residential Class I Type - I.

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

The Sub Registrar Office for Brindavan Avenue is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It ensures that these fees are based on a standardized value, which helps in maintaining transparency in property dealings.