Guideline Value for Brindavan Nagar

Brindavan Nagar guideline value

The current guideline value of Brindavan Nagar, located in Noombal village under the Kunrathur SRO, is Rs 2,090 per sq.ft. This value is effective from 1 July 2024 and falls under the land classification of Residential Special Type - I.

How the guideline value of Brindavan Nagar has changed

The guideline value for Brindavan Nagar has seen significant changes over the years. The 2017 revision set the value at Rs 1,273 per sq.ft. This was followed by a substantial increase in the 2023 revision, which raised the value to Rs 1,900 per sq.ft, marking a 49% increase from the previous revision. The most recent revision in 2024 has further increased the guideline value to Rs 2,090 per sq.ft, reflecting a 10% rise from 2023. Overall, the guideline value has increased by 64% from 2017 to 2024.

It is important to note that the register does not have figures for Brindavan Nagar for the years 2002, 2003, 2007, and 2012. This lack of data indicates that the guideline value was not revised during those years.

Guideline values in Noombal

Noombal village features a range of guideline values across its 164 streets under the Kunrathur SRO, with values for 2024 ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, which is equal to the current value for Brindavan Nagar.

• Chellammal Nagar: Rs 2,090 per sq.ft (2024)
• Chettiyar Agaram Salai: Rs 2,090 per sq.ft (2024)
• Crystal Garden Phase I: Rs 1,760 per sq.ft (2024)
• Balamurugan Nagar: Rs 2,090 per sq.ft (2024)
• Balaji Nagar Main Road: Rs 2,090 per sq.ft (2024)
• Devi Karumariyamman Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Brindavan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,090 per sq.ft, the total guideline value amounts to Rs 20,90,000. The stamp duty at 7% would be Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, bringing the total cost to Rs 1,88,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Brindavan Nagar?

The Sub Registrar Office that covers Brindavan Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Noombal. It serves as a benchmark for determining the minimum value of a property for registration purposes. When a property is bought or sold, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price of the property. However, the stamp duty is levied based on the higher of the two values, ensuring that the registration process reflects the property's worth as per the official guidelines.

Frequently asked questions

What is the current guideline value of Brindavan Nagar?

The current guideline value of Brindavan Nagar is Rs 2,090 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,273 per sq.ft in 2017 to Rs 2,090 per sq.ft in 2024, which is a total increase of 64%. The value rose from Rs 1,900 per sq.ft in 2023 to Rs 2,090 per sq.ft in 2024, marking a 10% increase.

What is the land classification for Brindavan Nagar?

Brindavan Nagar falls under the land classification of Residential Special Type - I, indicating its designated use as a residential area.

What are the stamp duty and registration fees for properties in Brindavan Nagar?

For a property valued at Rs 20,90,000, the stamp duty would be Rs 1,46,300, and the registration fee would be Rs 41,800, totaling Rs 1,88,100. The duty is based on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers Brindavan Nagar?

The Kunrathur Sub Registrar Office covers Brindavan Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles all registration processes for properties in the area.