Guideline Value for Brindavan Colony- 1st Avenue (LIG Flats)

Brindavan Colony- 1st Avenue (LIG Flats) guideline value

The current guideline value for Brindavan Colony- 1st Avenue (LIG Flats) is Rs 14,800 per sq.ft, effective from 1 July 2024. This property is located in Ayanavaram village, under the AnnaNagar SRO, and is classified as Mixed Special Type - I.

How the guideline value of Brindavan Colony- 1st Avenue (LIG Flats) has changed

The guideline value for Brindavan Colony- 1st Avenue (LIG Flats) has seen several revisions over the years. The 2007 revision set the guideline value at Rs 13,500 per sq.ft, which remained unchanged until the 2012 revision, where it was also Rs 13,500 per sq.ft. However, in 2017, the value decreased to Rs 9,045 per sq.ft. The 2023 revision increased it to Rs 13,500 per sq.ft, and the most recent 2024 revision has raised it further to Rs 14,800 per sq.ft.

Between the revisions, there have been notable changes. From 2017 to 2023, the value increased by 49%. The 2023 to 2024 revision saw a further increase of 10%. The 2012 to 2017 revision experienced a decrease of 33%, while the 2007 to 2012 revision had no change. Overall, from 2007 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for the village is Rs 4,900 per sq.ft, placing Brindavan Colony- 1st Avenue (LIG Flats) above this median at Rs 14,800 per sq.ft.

• Boopathy Nagar: Rs 4,400 per sq.ft (2024)
• Butmedu (G.K.M. Colony) Chennai 82: Rs 2,700 per sq.ft (2024)
• Chakravarthy Colony: Rs 5,500 per sq.ft (2024)
• Bharathiyar Street (G.K.M. Colony) Chennai 82: Rs 4,400 per sq.ft (2024)
• Chelliamman Koil Street: Rs 4,900 per sq.ft (2024)
• Bharathi Nagar Main Road: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Brindavan Colony- 1st Avenue (LIG Flats)

For a 1,000 sq.ft plot at the current guideline value of Rs 14,800 per sq.ft, the guideline value amounts to Rs 1,48,00,000. The stamp duty at 7% would be Rs 10,36,000, and the registration fee at 2% would be Rs 2,96,000, totaling Rs 13,32,000. 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- 1st Avenue (LIG Flats)?

The Sub Registrar Office that covers Brindavan Colony- 1st Avenue (LIG Flats) is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ayanavaram. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and legally, providing protection for both the buyer and seller.

Frequently asked questions

What is the current guideline value of Brindavan Colony- 1st Avenue (LIG Flats)?

The current guideline value of Brindavan Colony- 1st Avenue (LIG Flats) is Rs 14,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 13,500 per sq.ft in 2007 to Rs 9,045 per sq.ft in 2017, then increased to Rs 13,500 per sq.ft in 2023, and finally to Rs 14,800 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Brindavan Colony- 1st Avenue (LIG Flats)?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 13,32,000, which includes Rs 10,36,000 for stamp duty and Rs 2,96,000 for registration fees.

Which Sub Registrar Office covers this area?

The AnnaNagar Sub Registrar Office covers Brindavan Colony- 1st Avenue (LIG Flats), located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification of Brindavan Colony- 1st Avenue (LIG Flats)?

The land classification for Brindavan Colony- 1st Avenue (LIG Flats) is Mixed Special Type - I, which indicates its intended use and development potential.