Guideline Value for Brindavan Street (Main Road)

Brindavan Street (Main Road) guideline value

The current guideline value of Brindavan Street (Main Road) in Kodambakkam village is Rs 8,200 per sq.ft, effective from 1 July 2024. This street falls under the Ashok Nagar SRO and is classified as Commercial Special Type - II.

How the guideline value of Brindavan Street (Main Road) has changed

The guideline value for Brindavan Street has seen several revisions over the years. In 2007, the value was Rs 1,500 per sq.ft, which increased significantly to Rs 7,500 per sq.ft in 2012, marking a 400% rise. However, it then decreased to Rs 5,025 per sq.ft in 2017, showing a decline of 33%. The value continued to rise to Rs 7,500 per sq.ft in 2023, and finally reached Rs 8,200 per sq.ft in the 2024 revision, reflecting a 9% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 447%. The register does not provide figures for the years 2002 and 2003 for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft, with a median value of Rs 4,900 per sq.ft. Brindavan Street’s 2024 figure of Rs 8,200 per sq.ft is above this median.

• Brindavan Street Extension(Block 61): Rs 8,200 per sq.ft (2024)
• Brindavan Street: Rs 8,200 per sq.ft (2024)
• Brammavathy Street (JPT): Rs 4,100 per sq.ft (2024)
• Burma Kanakammal Street: Rs 4,900 per sq.ft (2024)
• CBI Colony (K.K.): Rs 5,500 per sq.ft (2024)
• Bhuvaneshwari Colony: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Brindavan Street (Main Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 8,200 per sq.ft, the total guideline value amounts to Rs 82,00,000. The stamp duty at 7% would be Rs 5,74,000, and the registration fee at 2% would be Rs 1,64,000, bringing the total cost for these fees to Rs 7,38,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Brindavan Street (Main Road)?

The Sub Registrar Office that covers Brindavan Street (Main Road) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial reference point used during property registration in Kodambakkam. It helps determine the stamp duty and registration fees applicable when a property is bought or sold, ensuring that the transaction is recorded at a fair value as per government regulations.

When buying or selling property, the guideline value serves as a benchmark to ensure that the transaction is transparent and in accordance with the legal requirements set forth by the state. This value is particularly important for buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Brindavan Street (Main Road)?

The current guideline value of Brindavan Street (Main Road) is Rs 8,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,500 per sq.ft in 2007 to Rs 8,200 per sq.ft in 2024, reflecting an overall increase of 447% over the years.

What is the land classification for Brindavan Street?

Brindavan Street is classified as Commercial Special Type - II under the current guidelines.

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

For a 1,000 sq.ft plot, the total stamp duty would be Rs 5,74,000 and the registration fee would be Rs 1,64,000, totaling Rs 7,38,000 based on the current guideline value.

Which office handles registrations for Brindavan Street?

The Ashok Nagar Sub Registrar Office handles registrations for Brindavan Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.