Guideline Value for Brindavan Garden

Brindavan Garden guideline value

The current guideline value of Brindavan Garden, located in Madhavaram village under the Madhavaram SRO, is Rs 1,600 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Brindavan Garden has changed

In the 2012 revision, the guideline value was Rs 1,500 per sq.ft. This figure remained unchanged in the 2023 revision, where it was also Rs 1,500 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 1,600 per sq.ft, marking a 7% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 7%. The register does not contain figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Madhavaram

In Madhavaram, there are a total of 1,946 streets under the Madhavaram SRO, with the 2024 guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value for the area is Rs 1,600 per sq.ft, which aligns with the current value for Brindavan Garden.

• Brindavan Garden, Ponniammanmedu (Ward-23): Rs 1,600 per sq.ft (2024)
• B.P. Nagar: Rs 1,600 per sq.ft (2024)
• Bop John Garden: Rs 1,300 per sq.ft (2024)
• Bujji Garden: Rs 2,500 per sq.ft (2024)
• Burma Colony 1st st (Ward No.19): Rs 1,300 per sq.ft (2024)
• Burma Colony 2nd st (Ward No.19): Rs 1,300 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 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Brindavan Garden?

The Sub Registrar Office that covers Brindavan Garden is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the appropriate stamp duty and registration fees are calculated.

When buying or selling property, the guideline value helps in establishing a fair price for both parties involved. It is essential to refer to the current guideline value to ensure compliance with registration requirements and to avoid any potential legal issues.

Frequently asked questions

What is the current guideline value of Brindavan Garden?

The current guideline value of Brindavan Garden is Rs 1,600 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,500 per sq.ft in 2012 to Rs 1,600 per sq.ft in 2024, marking a 7% increase. There was no change from 2012 to 2023, where the value remained Rs 1,500 per sq.ft.

What are the guideline values for other streets in Madhavaram?

The guideline values for other streets in Madhavaram vary, with some streets like Brindavan Garden, Ponniammanmedu and B.P. Nagar at Rs 1,600 per sq.ft, while others like Bop John Garden are at Rs 1,300 per sq.ft.

How is stamp duty calculated for property in Brindavan Garden?

Stamp duty for property in Brindavan Garden is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value would be Rs 16,00,000, leading to a stamp duty of Rs 1,12,000.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can also find your SRO through the provided link.