Guideline Value for Brindavan Garden Annex

Brindavan Garden Annex guideline value

The current guideline value of Brindavan Garden Annex is Rs 275 per sq.ft, effective from 1 July 2024. This area is located in Perungavur village under the Redhills SRO and is classified as Residential Class II Type - I.

How the guideline value of Brindavan Garden Annex has changed

Over the years, the guideline value for Brindavan Garden Annex has seen several revisions. The 2007 revision set the value at Rs 200 per sq.ft, which increased to Rs 250 per sq.ft in 2012, marking a 25% rise. However, the value then decreased by 33% to Rs 167 per sq.ft in 2017. The 2023 revision brought a significant increase of 50%, raising the value to Rs 250 per sq.ft, and the most recent 2024 revision further increased it by 10% to the current rate of Rs 275 per sq.ft.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 38%.

Guideline values in Perungavur

In Perungavur, there are 79 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 1,500 per sq.ft. The median value for these streets is Rs 275 per sq.ft, which is equal to the 2024 figure for Brindavan Garden Annex.

• Brindavan Gardens: Rs 385 per sq.ft (2024)
• Bethel: Rs 900 per sq.ft (2024)
• Bala Murugan Nagar Annex: Rs 220 per sq.ft (2024)
• Ashok Metrovaram Phase-II: Rs 770 per sq.ft (2024)
• Golden Garden: Rs 385 per sq.ft (2024)
• Golden Nagar: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Brindavan Garden Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 275 per sq.ft, the total guideline value would be Rs 2,75,000. The stamp duty at 7% would amount to Rs 19,250, and the registration fee at 2% would be Rs 5,500, making the total cost for these fees Rs 24,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Brindavan Garden Annex?

The Sub Registrar Office that covers Brindavan Garden Annex is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Perungavur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are based on the higher of the guideline value or the sale price. This ensures that all transactions are conducted fairly and transparently.

Frequently asked questions

What is the current guideline value for Brindavan Garden Annex?

The current guideline value for Brindavan Garden Annex is Rs 275 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 275 per sq.ft in 2024, reflecting an overall increase of 38% over the years.

What is the land classification for Brindavan Garden Annex?

Brindavan Garden Annex is classified as Residential Class II Type - I, indicating its intended use for residential purposes.

Where is the Sub Registrar Office for Brindavan Garden Annex located?

The Sub Registrar Office for Brindavan Garden Annex is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How are stamp duty and registration fees calculated in Perungavur?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 2,75,000, the stamp duty would be Rs 19,250, and the registration fee would be Rs 5,500.