Guideline Value for Brindavan Street

Brindavan Street guideline value

The current guideline value of Brindavan Street in Madipakkam-1 village, under the Velacheri SRO, is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class I Type - I.

How the guideline value of Brindavan Street has changed

The guideline value of Brindavan Street has seen significant revisions over the years. The 2017 revision set the value at Rs 2,345 per sq.ft. With the latest revision in 2024, the value increased to Rs 3,850 per sq.ft, reflecting a change of +64% from the previous figure.

There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street. Thus, the only relevant revisions are from 2017 to 2024.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO that carry a guideline value for 2024, 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's 2024 figure above the median.

• Brindavan Street, Balaiah Garden: Rs 3,850 per sq.ft (2024)
• 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, 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

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. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Brindavan Street?

Brindavan Street falls under the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your SRO, you can visit find your SRO.

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

The guideline value serves as a benchmark for property transactions in Madipakkam-1. It is essential for determining the stamp duty and registration fees during property transfers.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is crucial for legal and taxation purposes.

Frequently asked questions

What is the current guideline value of Brindavan Street?

The current guideline value of Brindavan Street 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, marking a change of +64%.

Are there any years with no guideline value figures for Brindavan Street?

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

What is the median guideline value for streets in Madipakkam-1?

The median guideline value for streets in Madipakkam-1 is Rs 2,750 per sq.ft, with Brindavan Street's current value being above this median.

Where can I find the registration office for Brindavan Street?

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