Guideline Value for Brindavan Nagar

Brindavan Nagar guideline value

The current guideline value of Brindavan Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Navaloor village, under the jurisdiction of the Sriperumpudur SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Brindavan Nagar has changed

The guideline value for Brindavan Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, where it was still Rs 200 per sq.ft. The 2017 revision recorded a lower value of Rs 134 per sq.ft, marking a decrease of 33% from the 2012 figure. The most recent revision in 2024 has maintained the value at Rs 200 per sq.ft, showing no change from the previous year.

In summary, from 2012 to 2024, the overall change has been 0%. Between 2017 and 2023, there was a significant increase of 49%, while the transition from 2023 to 2024 saw no change at all.

Guideline values in Navaloor

In Navaloor village, there are 26 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 150 to Rs 1,100 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value of Brindavan Nagar is below this median, indicating a lower valuation compared to other streets.

• Bharathi Nagar: Rs 300 per sq.ft (2024)
• Chinnasamy Nagar: Rs 300 per sq.ft (2024)
• Dei Gratia Associates: Rs 300 per sq.ft (2024)
• Bajanai Koil Street: Rs 150 per sq.ft (2024)
• Dr.Chandra City: Rs 450 per sq.ft (2024)
• Alamaram Street: Rs 150 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 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Brindavan Nagar?

The Sub Registrar Office that covers Brindavan Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your SRO, you can visit this link.

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

The guideline value is a critical factor in property transactions in Navaloor, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, which are mandatory charges during the registration process.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements and to understand the financial implications of the transaction. This value serves as a benchmark for property transactions in the area.

Frequently asked questions

What is the current guideline value of Brindavan Nagar?

The current guideline value of Brindavan Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, with a notable increase of 49% from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

What is the land classification for Brindavan Nagar?

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

Where can I find the Sub Registrar Office for Brindavan Nagar?

The Sub Registrar Office covering Brindavan Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

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

Stamp duty for property in Brindavan Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 14,000 at a rate of 7%.