Guideline Value for Brindavan Nagar 2nd Cross Street

Brindavan Nagar 2nd Cross Street guideline value

The current guideline value of Brindavan Nagar 2nd 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, and is classified as Residential Special Type - II.

How the guideline value of Brindavan Nagar 2nd Cross Street has changed

The guideline value for Brindavan Nagar 2nd Cross Street has undergone several revisions over the years. The earliest available figure is from 2012, which was Rs 2,200 per sq.ft. This value decreased to Rs 1,474 per sq.ft in 2017, marking a decline of 33%. In 2023, the guideline value increased to Rs 2,200 per sq.ft, and then further rose to Rs 2,400 per sq.ft in 2024, reflecting a 9% increase from the previous year.

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

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 5,000 per sq.ft. The median guideline value in this area is Rs 2,150 per sq.ft, placing Brindavan Nagar 2nd Cross Street's 2024 figure above this median.

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

Stamp duty and registration fee for property in Brindavan Nagar 2nd Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 2,400 per sq.ft, the 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, totaling Rs 2,16,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Brindavan Nagar 2nd Cross Street?

The Sub Registrar Office that covers Brindavan Nagar 2nd 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, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Rajakilpakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is the minimum value set by the government for property transactions, and it is used to calculate the applicable fees during the registration process.

It is essential for buyers and sellers to be aware of the guideline value as it affects the overall cost of the transaction. The fees are calculated based on the higher of the guideline value or the actual sale price, ensuring that the government receives its due revenue from property transactions.

Frequently asked questions

What is the current guideline value of Brindavan Nagar 2nd Cross Street?

The current guideline value of Brindavan Nagar 2nd 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 increased 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 2nd Cross Street?

Brindavan Nagar 2nd Cross Street is classified as Residential Special Type - II.

Where can I find the registration office for this area?

The registration office for Brindavan Nagar 2nd Cross Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 24,00,000, the stamp duty would be Rs 1,68,000 at a rate of 7%.