Guideline Value for Brindavan Street

Brindavan Street guideline value

The current guideline value of Brindavan Street in Anakaputhur village is Rs 1,980 per sq.ft, effective from 1 July 2024. This street falls under the Pammal SRO and is classified as Residential Class I Type - I.

How the guideline value of Brindavan Street has changed

The guideline value for Brindavan Street has seen several revisions over the years. In 2003, the guideline value was Rs 256 per sq.ft, which increased to Rs 300 per sq.ft in 2007. The 2017 revision marked a significant rise to Rs 1,206 per sq.ft, followed by a further increase to Rs 1,800 per sq.ft in 2023. The current 2024 revision sets the value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 673%. Notably, there are no figures available for the revisions in 2002 and 2012 for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value is Rs 1,980 per sq.ft, which is the same as the current guideline value for Brindavan Street.

• Bomai Nagar: Rs 1,980 per sq.ft (2024)
• Bharathiya Desiya Sangam Street: Rs 1,760 per sq.ft (2024)
• Chithirai Nagar: Rs 1,760 per sq.ft (2024)
• Bhakathvachalam Street: Rs 2,350 per sq.ft (2024)
• Bhakathvachalam Nagar Main Road: Rs 2,350 per sq.ft (2024)
• Bhakathvachalam Nagar 3rd Cross Street: Rs 2,350 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 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, making a total of Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Brindavan Street?

The Sub Registrar Office that covers Brindavan Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Anakaputhur

The guideline value is a crucial factor during the registration of property transactions in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair value of the property. It is advisable to check the latest guideline value before finalizing any real estate transaction to avoid discrepancies during registration.

Frequently asked questions

What is the current guideline value of Brindavan Street?

The current guideline value of Brindavan Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 256 per sq.ft in 2003 to Rs 1,980 per sq.ft in 2024, showing an overall increase of 673% over the years.

What is the land classification of Brindavan Street?

Brindavan Street is classified as Residential Class I Type - I, indicating that it is designated for residential use.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 1,38,600.