Guideline Value for Brindavan Nagar

Brindavan Nagar guideline value

The current guideline value for Brindavan Nagar, located in Rajakilpakkam village under the Selaiyur SRO, is Rs 2,400 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Brindavan Nagar has changed

The guideline value for Brindavan Nagar has undergone several revisions over the years. In 2012, the value was set at Rs 2,200 per sq.ft, which then decreased to Rs 1,474 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,200 per sq.ft in 2023, and currently stands at Rs 2,400 per sq.ft from the 2024 revision, marking a 9% increase from the previous year.

Between the 2017 and 2023 revisions, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 9%. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

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, with a median value of Rs 2,150 per sq.ft. The guideline value for Brindavan Nagar is above this median.

• Brindavan Nagar 1st Cross Street: Rs 2,400 per sq.ft (2024)
• Brindavan Nagar 1st 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 Extension Main Road: Rs 2,400 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 2,400 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 higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Brindavan Nagar?

The Sub Registrar Office that covers Brindavan Nagar 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 is a crucial factor during the registration of property transactions in Rajakilpakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. It is important to be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Brindavan Nagar?

The current guideline value of Brindavan Nagar 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 is currently Rs 2,400 per sq.ft as of 2024.

What is the land classification for Brindavan Nagar?

The land classification for Brindavan Nagar is Residential Special Type - II.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated for properties in Brindavan Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 2,400 per sq.ft, the total guideline value is Rs 24,00,000, leading to a stamp duty of Rs 1,68,000.