Guideline Value for Brindavan Nagar 1st Cross Street

Brindavan Nagar 1st Cross Street guideline value

The current guideline value of Brindavan Nagar 1st Cross Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village, under the Selaiyur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Brindavan Nagar 1st Cross Street has changed

Over the years, the guideline value for Brindavan Nagar 1st Cross Street has seen several revisions. The earliest available figure is from 2012, where the guideline value was Rs 2,200 per sq.ft. This was followed by a decrease in 2017 to Rs 1,474 per sq.ft, marking a decline of 33%. In 2023, the value increased to Rs 2,200 per sq.ft, and the most recent revision in 2024 set the value at Rs 2,400 per sq.ft, reflecting a 9% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. Overall, from 2012 to 2024, the guideline value has increased by 9%. There are no figures available in the register for the years 2002, 2003, and 2007 for this street.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 5,000 per sq.ft. The median value is Rs 2,150 per sq.ft, and Brindavan Nagar 1st Cross Street's 2024 figure is above this median.

• Brindavan Nagar 1st Street: Rs 2,400 per sq.ft (2024)
• Brindavan Nagar 2nd Cross Street: Rs 2,400 per sq.ft (2024)
• Brindavan Nagar: Rs 2,400 per sq.ft (2024)
• Brindavan Nagar 2nd Street: Rs 2,400 per sq.ft (2024)
• Brindavan Nagar Ext.: Rs 2,400 per sq.ft (2024)
• Brindavan Nagar Extension Main Road: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Brindavan Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty, charged at 7%, would be Rs 1,68,000, while the registration fee at 2% would be Rs 48,000, bringing the total to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Brindavan Nagar 1st Cross Street?

The Sub Registrar Office that covers Brindavan Nagar 1st Cross Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Rajakilpakkam. It serves as a benchmark for the minimum value at which properties are registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps determine the applicable fees, which are based on either the sale price or the guideline value, whichever is higher. This ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Brindavan Nagar 1st Cross Street?

The current guideline value of Brindavan Nagar 1st Cross Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then back to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

What is the land classification for Brindavan Nagar 1st Cross Street?

The land classification for Brindavan Nagar 1st Cross Street is Residential Special Type - II.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for property in Brindavan Nagar 1st Cross Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the current rate, the stamp duty would amount to Rs 1,68,000.