Guideline Value for Brindavan Garden

Brindavan Garden guideline value

The current guideline value of Brindavan Garden, located in Mogalivakkam village under the Kunrathur SRO, is Rs 2,970 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Brindavan Garden has changed

Over the years, the guideline value of Brindavan Garden has seen significant changes. The 2007 revision set the value at Rs 600 per sq.ft, which increased dramatically to Rs 2,700 per sq.ft in 2012, marking a rise of 350%. However, the value then decreased by 33% to Rs 1,809 per sq.ft in 2017. The 2023 revision brought it back up to Rs 2,700 per sq.ft, and the most recent 2024 revision has set it at Rs 2,970 per sq.ft, reflecting a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, the increase was notable at 49%. Overall, from the 2007 revision to the current 2024 figure, there has been a substantial increase of 395%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Mogalivakkam

In Mogalivakkam, there are 98 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,530 to Rs 6,600 per sq.ft. The median value is Rs 2,970 per sq.ft, which is equal to the current value of Brindavan Garden. Below are the guideline values for other streets in Mogalivakkam:

• Chandra Nagar: Rs 2,860 per sq.ft (2024)
• Dhanam Nagar: Rs 2,860 per sq.ft (2024)
• Balaji Avenue: Rs 2,860 per sq.ft (2024)
• Bajanai Koil Street: Rs 2,970 per sq.ft (2024)
• A.V. Garden: Rs 2,970 per sq.ft (2024)
• Eswaran Koil Street: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Brindavan Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 2,970 per sq.ft, the total guideline value amounts to Rs 29,70,000. The stamp duty at 7% would be Rs 2,07,900, and the registration fee at 2% would be Rs 59,400, bringing the total to Rs 2,67,300. 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?

The Sub Registrar Office that covers Brindavan Garden is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Mogalivakkam. It is the minimum value set by the government for property transactions, ensuring that properties are not sold below this value for registration purposes.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of property ownership. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Brindavan Garden?

The current guideline value of Brindavan Garden is Rs 2,970 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 2,970 per sq.ft in 2024, reflecting an overall increase of 395% over the years.

What is the land classification for Brindavan Garden?

Brindavan Garden is classified as Residential Special Type - I, indicating its designated use for residential purposes.

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

The Kunrathur Sub Registrar Office covers Brindavan Garden and is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total cost including stamp duty and registration fees would be Rs 2,67,300.