Guideline Value for Brindavan Nagar Ext.

Brindavan Nagar Ext. guideline value

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

How the guideline value of Brindavan Nagar Ext. has changed

The guideline value for Brindavan Nagar Ext. has seen several revisions over the years. In 2012, the value was set at Rs 2,200 per sq.ft, which was then revised down to Rs 1,474 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 2,200 per sq.ft. The latest revision in 2024 has further increased the value to Rs 2,400 per sq.ft, marking a 9% rise from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 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 for these streets is Rs 2,150 per sq.ft, making the 2024 figure for Brindavan Nagar Ext. above this median.

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

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

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

Which Sub Registrar Office covers Brindavan Nagar Ext.?

The Sub Registrar Office covering Brindavan Nagar Ext. 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 in the registration process of property transactions in Rajakilpakkam. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated, ensuring that all transactions are recorded fairly and transparently.

When buying or selling property, it is important to be aware of the current guideline value, as it can impact the overall costs involved in the transaction. Buyers should ensure that they are prepared for these costs, as they are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Brindavan Nagar Ext.?

The current guideline value of Brindavan Nagar Ext. 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 median guideline value in Rajakilpakkam?

The median guideline value in Rajakilpakkam is Rs 2,150 per sq.ft, with Brindavan Nagar Ext. being above this median at Rs 2,400 per sq.ft.

What are the stamp duty and registration fees for property in Brindavan Nagar Ext.?

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 property registrations for Brindavan Nagar Ext.?

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