Guideline Value for Brindavan Nagar 1st Street

Brindavan Nagar 1st Street guideline value

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

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

The guideline value for Brindavan Nagar 1st Street has seen several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 2,200 per sq.ft. This was followed by a decrease to Rs 1,474 per sq.ft in 2017. The value then increased to Rs 2,200 per sq.ft in 2023, before reaching the current value of Rs 2,400 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows an increase of 9% in the guideline value.

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 guideline value is Rs 2,150 per sq.ft, which means that the guideline value of Brindavan Nagar 1st Street is above this median.

• Brindavan Nagar 1st Cross Street: Rs 2,400 per sq.ft (2024)
• Brindavan Nagar 2nd Cross Street: 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: 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 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 at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total to Rs 2,16,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Brindavan Nagar 1st Street?

The Sub Registrar Office that covers Brindavan Nagar 1st 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

When buying or selling property in Rajakilpakkam, the guideline value is a crucial factor during the registration process. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that these costs are calculated based on the official valuation of the property.

It is important for buyers and sellers to be aware of the guideline value as it directly impacts the overall transaction costs. The guideline value is updated periodically, reflecting changes in the market and ensuring that the registration fees remain aligned with current property values.

Frequently asked questions

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

The current guideline value of Brindavan Nagar 1st 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 Street?

Brindavan Nagar 1st Street is classified as Residential Special Type - II.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000 and the registration fee would be Rs 48,000, totaling Rs 2,16,000.

Which office handles the registration for Brindavan Nagar 1st Street?

The Selaiyur Sub Registrar Office handles the registration for Brindavan Nagar 1st Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai.