Guideline Value for Brindavan Street, Balaiah Garden,

Brindavan Street, Balaiah Garden, guideline value

The current guideline value of Brindavan Street, Balaiah Garden, 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, and is classified as Residential Class I Type - I.

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

Looking back at the revisions, the guideline value for Brindavan Street, Balaiah Garden, was Rs 2,345 per sq.ft during the 2017 revision. From 2017 to the 2024 revision, there has been a significant increase of 64%, bringing the current value to Rs 3,850 per sq.ft.

For the years 2023, 2012, 2007, 2003, and 2002, the register has no figure for this street. Therefore, the only available revisions are from 2017 and 2024.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, making the guideline value of Brindavan Street, Balaiah Garden, above this median.

• Brindavan Street, Balaiah Garden, Srinivasa Nagar: Rs 3,850 per sq.ft (2024)
• Brindavan Street, Balaiah Nagar: Rs 3,850 per sq.ft (2024)
• Brindavan Street: Rs 3,850 per sq.ft (2024)
• Brindavan Street, Sai Ram Avenue: 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,

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 to Rs 3,46,500. Please note that the 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 Street, Balaiah Garden,?

The Sub Registrar Office covering Brindavan Street, Balaiah Garden, 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 additional assistance.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Madipakkam-1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When you register a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This means that understanding the guideline value is essential for both buyers and sellers to avoid any discrepancies during the registration process.

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, marking a change of 64%.

Are there any years with no guideline value for this street?

Yes, the register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for Brindavan Street, Balaiah Garden.

What are the registration fees for property transactions in this area?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Brindavan Street, Balaiah Garden?

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