Guideline Value for Brindavan Street

Brindavan Street guideline value

The current guideline value of Brindavan Street, located in Kodambakkam village under the Ashok Nagar SRO, is Rs 8,200 per sq.ft, effective from 1 July 2024. This street is classified as Commercial Special Type - II.

How the guideline value of Brindavan Street has changed

The guideline value for Brindavan Street has undergone several revisions over the years. The earliest available figure is from 2007, where it was Rs 1,500 per sq.ft. This increased significantly to Rs 7,500 per sq.ft in 2012, reflecting a rise of 400%. However, in 2017, the value dropped to Rs 5,025 per sq.ft, a decrease of 33%. The value then increased to Rs 7,500 per sq.ft in 2023, marking a 49% increase. The most recent revision in 2024 set the guideline value at Rs 8,200 per sq.ft, which is a 9% increase from the previous year.

The register has no 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, with guideline values for 2024 ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value is Rs 4,900 per sq.ft, making Brindavan Street's 2024 figure above this median.

• Brindavan Street Extension(Block 61): Rs 8,200 per sq.ft (2024)
• Brindavan Street (Main Road): 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

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

Which Sub Registrar Office covers Brindavan Street?

The Sub Registrar Office that covers Brindavan Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 is a critical factor during the registration of property transactions in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is sold, the guideline value is used to calculate the fees, ensuring that the government receives the appropriate revenue from property transactions. Buyers and sellers should be aware of the guideline value to understand the financial implications of their real estate dealings.

Frequently asked questions

What is the current guideline value of Brindavan Street?

The current guideline value of Brindavan Street 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 seen several changes, starting from Rs 1,500 per sq.ft in 2007 to Rs 8,200 per sq.ft in 2024, reflecting an overall increase of 447%.

What is the land classification for Brindavan Street?

Brindavan Street is classified as Commercial Special Type - II, which influences its guideline value and usage.

Where can I find the registration office for Brindavan Street?

The registration office for Brindavan Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Brindavan Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 82,00,000 would incur a stamp duty of Rs 5,74,000 at a rate of 7%.