Guideline Value for Brindavan Nagar

Brindavan Nagar guideline value

The current guideline value of Brindavan Nagar, located in Tambaram village under the Tambaram Joint 1 SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - II.

How the guideline value of Brindavan Nagar has changed

The guideline value for Brindavan Nagar has seen several revisions over the years. Starting from Rs 293 per sq.ft in 2002, it increased to Rs 361 per sq.ft in 2003, marking a growth of 23%. By 2007, the value surged to Rs 500 per sq.ft, reflecting a significant increase of 39%. The years that followed saw fluctuations, with the value reaching Rs 2,000 per sq.ft in 2012, which was a drop of 33% from the previous revision. In 2017, the guideline value rose to Rs 1,340 per sq.ft, representing a 49% increase. The most recent revisions show a rise to Rs 2,000 per sq.ft in 2023, followed by the current value of Rs 2,200 per sq.ft in 2024, a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 651%. There are no figures available for the revisions in years other than those specified.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO with guideline values ranging from Rs 880 to Rs 8,250 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Brindavan Nagar's 2024 figure below this median.

• Brindavan Colony: Rs 4,400 per sq.ft (2024)
• Brindavan Avenue: Rs 3,300 per sq.ft (2024)
• Brahmin Street: Rs 3,300 per sq.ft (2024)
• Cenwar Nagar: Rs 2,200 per sq.ft (2024)
• Chandran Devanesan Lane: Rs 2,200 per sq.ft (2024)
• Chandran Devanesan Street: Rs 2,200 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 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, 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 Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor in property transactions in Tambaram. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. This value ensures that the transaction is recorded at a fair rate as per the local regulations.

When buying or selling property, the guideline value serves as a benchmark for the sale price. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Brindavan Nagar?

The current guideline value of Brindavan Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 293 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, showing an overall increase of 651% over the years.

What are the stamp duty rates for property in Brindavan Nagar?

The stamp duty for property in Brindavan Nagar is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Brindavan Nagar located?

The Sub Registrar Office for Brindavan Nagar is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.

What is the land classification for Brindavan Nagar?

The land classification for Brindavan Nagar is Residential Class I Type - II, indicating its suitability for residential development.