Guideline Value for Brindavan Nagar 2nd Street

Brindavan Nagar 2nd Street guideline value

The current guideline value of Brindavan Nagar 2nd 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 Street has changed

The guideline value for Brindavan Nagar 2nd Street has undergone several revisions over the years. The earliest recorded value was in 2012, set at Rs 2,200 per sq.ft. This value remained unchanged until the next revision in 2017, where it decreased to Rs 1,474 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 2,200 per sq.ft. The current revision in 2024 has set the guideline value at Rs 2,400 per sq.ft, reflecting a 9% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street in the register. Overall, from 2012 to 2024, the guideline value has seen a net increase of 9%.

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 in this area is Rs 2,150 per sq.ft, making the 2024 value for Brindavan Nagar 2nd Street above this median.

• Brindavan Nagar 2nd Cross Street: Rs 2,400 per sq.ft (2024)
• Brindavan Nagar Ext.: Rs 2,400 per sq.ft (2024)
• Brindavan Nagar 1st Street: Rs 2,400 per sq.ft (2024)
• Brindavan Nagar Extension Main Road: Rs 2,400 per sq.ft (2024)
• Brindavan Nagar 1st Cross Street: 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 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, while the registration fee at 2% would be Rs 48,000, bringing the total fees together 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.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Brindavan Nagar 2nd Street?

The Sub Registrar Office that covers Brindavan Nagar 2nd 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 information.

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

The guideline value plays a crucial role during property registration in Rajakilpakkam. It serves as a reference for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared with the sale price. The higher of the two figures is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions are fairly assessed based on the prevailing market conditions.

Frequently asked questions

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

The current guideline value of Brindavan Nagar 2nd 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 2023 to Rs 2,400 per sq.ft in 2024, a 9% increase. It was Rs 1,474 per sq.ft in 2017 and Rs 2,200 per sq.ft in 2012, showing a significant increase from 2017 to 2023.

What are the registration fees for property in Brindavan Nagar 2nd Street?

For a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000 at 7%, and the registration fee would be Rs 48,000 at 2%, totaling Rs 2,16,000.

Which office handles property registrations for Brindavan Nagar 2nd Street?

The Selaiyur Sub Registrar Office handles property registrations for Brindavan Nagar 2nd Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification for Brindavan Nagar 2nd Street?

Brindavan Nagar 2nd Street is classified as Residential Special Type - II, which indicates its designated use for residential purposes.