Guideline Value for Brindavan Street, Balaiah Garden, Srinivasa Nagar,

Brindavan Street, Balaiah Garden, Srinivasa Nagar, guideline value

The current guideline value of Brindavan Street, Balaiah Garden, Srinivasa Nagar, is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in the Madipakkam-1 village under the Velacheri SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Brindavan Street, Balaiah Garden, Srinivasa Nagar, has changed

The guideline value for Brindavan Street, Balaiah Garden, Srinivasa Nagar, has undergone several revisions over the years. The 2017 revision set the value at Rs 2,345 per sq.ft, which was a significant change from the previous figures, but the register has no figure for this street for the years 2023, 2012, 2007, 2003, and 2002. The most recent revision in 2024 increased the guideline value to Rs 3,850 per sq.ft, marking a 64% rise from the 2017 figure.

To summarize, the guideline value increased from Rs 2,345 per sq.ft in 2017 to Rs 3,850 per sq.ft in 2024. This change reflects the adjustments made in the guideline value register, which is maintained by the Registration Department.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO, with guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,750 per sq.ft, making the current value of Brindavan Street, Balaiah Garden, above the median.

• Brindavan Street, Balaiah Garden,: Rs 3,850 per sq.ft (2024)
• Brindavan Street, Balaiah Nagar,: Rs 3,850 per sq.ft (2024)
• Brindavan Street, Sai Ram Avenue: Rs 3,850 per sq.ft (2024)
• Brindavan Street: Rs 3,850 per sq.ft (2024)
• Bus Terminus Road: Rs 3,300 per sq.ft (2024)
• Bhuvaneshwari Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Brindavan Street, Balaiah Garden, Srinivasa Nagar,

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total fees to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Brindavan Street, Balaiah Garden, Srinivasa Nagar,?

The Sub Registrar Office covering Brindavan Street, Balaiah Garden, Srinivasa Nagar, is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value plays a crucial role in property transactions in Madipakkam-1. It is used to determine the stamp duty and registration fees that must be paid during the registration process. The guideline value is set by the Registration Department and is updated periodically to reflect changes in the real estate market.

When buying or selling property, it is essential to be aware of the current guideline value, as it affects the overall cost of the transaction. Buyers should ensure they are informed about the guideline value to avoid any unexpected costs during registration.

Frequently asked questions

What is the current guideline value of Brindavan Street, Balaiah Garden?

The current guideline value of Brindavan Street, Balaiah Garden, is Rs 3,850 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 2,345 per sq.ft to Rs 3,850 per sq.ft in 2024, representing a 64% increase.

Which Sub Registrar Office covers this area?

The Velacheri Sub Registrar Office covers Brindavan Street, Balaiah Garden, Srinivasa Nagar, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What are the stamp duty and registration fees for a property in this area?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 3,46,500.

What is the median guideline value in Madipakkam-1?

The median guideline value in Madipakkam-1 is Rs 2,750 per sq.ft, with Brindavan Street, Balaiah Garden, being above this median at Rs 3,850 per sq.ft.