Guideline Value for Brindavan Colony

Brindavan Colony guideline value

The current guideline value of Brindavan Colony, located in Koyakbedu village under the AnnaNagar SRO, is Rs 4,400 per sq.ft. This value is effective from the 2024 revision, which came into effect on 1 July 2024. The land classification for this area is Residential Class I Type - II.

How the guideline value of Brindavan Colony has changed

The guideline value for Brindavan Colony has seen significant changes over the years. In the 2007 revision, the value was Rs 1,100 per sq.ft. This increased dramatically to Rs 4,000 per sq.ft in the 2012 revision, marking a rise of 264%. However, in the 2017 revision, the value decreased to Rs 2,680 per sq.ft, reflecting a drop of 33%. The value then rose again to Rs 4,000 per sq.ft in the 2023 revision, a 49% increase from the previous revision. The latest 2024 revision has set the guideline value at Rs 4,400 per sq.ft, which is a 10% increase from 2023.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Koyakbedu

In Koyakbedu, there are 270 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median value among these streets is Rs 4,400 per sq.ft, which is equal to the current guideline value for Brindavan Colony.

• Brindavan Nagar: Rs 4,400 per sq.ft (2024)
• Canal Feet Road (Mangammal Nagar, Srinivasa Nagar): Rs 3,300 per sq.ft (2024)
• Chattira 2nd Street: Rs 3,300 per sq.ft (2024)
• Chattira Street: Rs 4,400 per sq.ft (2024)
• Bharathi Street: Rs 3,300 per sq.ft (2024)
• Chinmaya Nagar 1st Cross Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Brindavan Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000. Together, these fees would total Rs 3,96,000. 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Brindavan Colony?

The Brindavan Colony is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Koyakbedu. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers should be aware that the guideline value is not necessarily the same as the sale price, and the higher of the two will be used to calculate the applicable fees.

Understanding the guideline value is essential for both buyers and sellers, as it ensures compliance with local regulations and helps in accurately assessing the financial obligations associated with property transactions.

Frequently asked questions

What is the current guideline value of Brindavan Colony?

The current guideline value of Brindavan Colony is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 1,100 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 300% over this period.

What are the stamp duty rates for property in Brindavan Colony?

The stamp duty for property in Brindavan Colony is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the AnnaNagar Sub Registrar Office located?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

What is the land classification for Brindavan Colony?

The land classification for Brindavan Colony is Residential Class I Type - II, which indicates the type of residential development permitted in the area.