Guideline Value for Brindavan Street, Sai Ram Avenue

Brindavan Street, Sai Ram Avenue guideline value

The current guideline value of Brindavan Street, Sai Ram Avenue is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village under the Velacheri SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Brindavan Street, Sai Ram Avenue has changed

The guideline value for Brindavan Street, Sai Ram Avenue has undergone several revisions over the years. The 2017 revision set the value at Rs 2,345 per sq.ft. With the 2024 revision, the value increased significantly to Rs 3,850 per sq.ft, marking a change of +64% from the previous revision.

There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street in the register. The only revisions recorded 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, placing Brindavan Street, Sai Ram Avenue above this median.

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

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 amount for duty and registration fees to Rs 3,46,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Brindavan Street, Sai Ram Avenue?

The Sub Registrar Office that covers Brindavan Street, Sai Ram Avenue 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 is a crucial factor during the registration of property transactions in Madipakkam-1. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It is essential to be aware of the current guideline value to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Brindavan Street, Sai Ram Avenue?

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

How much has the guideline value changed over the years?

The guideline value increased from Rs 2,345 per sq.ft in 2017 to Rs 3,850 per sq.ft in 2024, representing a change of +64%.

Are there any revisions without figures for Brindavan Street?

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

What is the stamp duty for a property on Brindavan Street?

The stamp duty for a property on Brindavan Street is calculated at 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty amounts to Rs 2,69,500.

Where is the Sub Registrar Office for Brindavan Street located?

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