Guideline Value for Brindavan Street Extension(Block 61)

Brindavan Street Extension(Block 61) guideline value

The current guideline value of Brindavan Street Extension (Block 61) is Rs 8,200 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Commercial Special Type - II.

How the guideline value of Brindavan Street Extension(Block 61) has changed

The guideline value for Brindavan Street Extension has undergone several revisions over the years. In 2007, the guideline 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, this value decreased to Rs 5,025 per sq.ft in 2017, reflecting a 33% drop. The value then surged to Rs 7,500 per sq.ft in 2023, before reaching the current figure of Rs 8,200 per sq.ft in 2024, which is a 9% increase from the previous year.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 447%.

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. The median guideline value for these streets is Rs 4,900 per sq.ft, placing Brindavan Street Extension's 2024 figure above that median.

• Brindavan Street (Main Road): 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 Extension(Block 61)

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, while the registration fee at 2% would be Rs 1,64,000. Together, the total cost for these fees would be Rs 7,38,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Brindavan Street Extension(Block 61)?

The Sub Registrar Office that covers Brindavan Street Extension (Block 61) 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 plays a crucial role in the registration process when buying or selling property in Kodambakkam. It is used to determine the stamp duty and registration fees that must be paid during the transaction. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it affects the overall cost of the transaction. It is advisable to consult the latest guideline values before proceeding with any property dealings to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of Brindavan Street Extension(Block 61)?

The current guideline value of Brindavan Street Extension (Block 61) 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, marking an overall increase of 447% over this period.

What are the stamp duty and registration fees for property in Brindavan Street Extension(Block 61)?

For a 1,000 sq.ft plot, the total guideline value is 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, totaling Rs 7,38,000.

Which Sub Registrar Office covers this area?

The Ashok Nagar Sub Registrar Office covers Brindavan Street Extension (Block 61), located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Brindavan Street Extension(Block 61)?

The land classification for Brindavan Street Extension (Block 61) is Commercial Special Type - II.