Guideline Value for Brindavan Colony (All Streets)

Brindavan Colony (All Streets) guideline value

The current guideline value of Brindavan Colony (All Streets) is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is located in Pammal village and falls under the Pammal SRO. The land classification for this street is Residential Class II Type - II.

How the guideline value of Brindavan Colony (All Streets) has changed

The guideline value for Brindavan Colony has seen significant changes over the years. In 2002, the guideline value was Rs 200 per sq.ft, which increased to Rs 226 per sq.ft in 2003, marking a 13% rise. The value continued to grow, reaching Rs 550 per sq.ft in 2007, a substantial increase of 143%. By 2017, the value had risen dramatically to Rs 1,206 per sq.ft, reflecting a 119% change from the previous revision. The 2023 revision set the value at Rs 1,800 per sq.ft, a 49% increase from 2017. The current guideline value of Rs 1,980 per sq.ft, effective from 2024, represents a 10% increase from 2023. Notably, there is no figure available for the 2012 revision for this street.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with 2024 guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, indicating that Brindavan Colony's current value is below this median.

• Boopathy Street / Gandhi Nagar: Rs 2,475 per sq.ft (2024)
• Buddhar Street / Thiruvalluvar Nagar: Rs 2,475 per sq.ft (2024)
• Bhoopathi Street, Gandhi Nagar Extn: Rs 2,475 per sq.ft (2024)
• Chakarapani Street / Gandhi Nagar: Rs 2,475 per sq.ft (2024)
• Chakarapani Street / Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Chakarapani Street / Thandai Periyar Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Brindavan Colony (All Streets)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, while the registration fee at 2% would be Rs 39,600, bringing the total charges to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Brindavan Colony (All Streets)?

The Sub Registrar Office covering Brindavan Colony is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Pammal, as it determines the minimum price at which the property can be registered. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements during the registration process.

When a property is sold, the registration office uses the guideline value to calculate the applicable stamp duty and registration fees. This ensures that the transaction is recorded at a value that reflects the official assessment of the property’s worth.

Frequently asked questions

What is the current guideline value of Brindavan Colony (All Streets)?

The current guideline value of Brindavan Colony (All Streets) is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 200 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 890% across the years.

What are the stamp duty and registration fees for property in Brindavan Colony?

For a 1,000 sq.ft plot, the total guideline value is Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200.

Which Sub Registrar Office covers Brindavan Colony?

The Pammal Sub Registrar Office covers Brindavan Colony, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Brindavan Colony?

The land classification for Brindavan Colony (All Streets) is Residential Class II Type - II, indicating its designated use for residential purposes.