Guideline Value for Brindavanam 3rd street

Brindavanam 3rd street guideline value

The current guideline value of Brindavanam 3rd street is Rs 3,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village, under the Periamet SRO, and is classified as Residential Class III Type - II.

How the guideline value of Brindavanam 3rd street has changed

The guideline value for Brindavanam 3rd street has seen several revisions over the years. The earliest recorded revision was in 2002, with a guideline value of Rs 454 per sq.ft. This figure increased to Rs 501 per sq.ft in 2003, marking a 10% rise. The value continued to rise significantly, reaching Rs 800 per sq.ft in 2007, which represented a 60% increase from the previous year. In 2012, the value was recorded at Rs 3,100 per sq.ft, reflecting a substantial increase of 288% from 2007. However, this value dropped to Rs 2,077 per sq.ft in 2017, showing a decrease of 33%.

In 2023, the guideline value was updated to Rs 3,100 per sq.ft, and in the latest revision for 2024, it has increased to Rs 3,400 per sq.ft, which is a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 649%.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft, with a median value of Rs 7,100 per sq.ft. The guideline value for Brindavanam 3rd street is below this median.

• Brindavanam 2nd street: Rs 3,400 per sq.ft (2024)
• Brindavanam 4th street: Rs 3,400 per sq.ft (2024)
• Brindavanam 1st street: Rs 3,400 per sq.ft (2024)
• Brindavanam 5th street: Rs 3,400 per sq.ft (2024)
• Brindavanam 6th street: Rs 3,400 per sq.ft (2024)
• Brindavanam street: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Brindavanam 3rd street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,400 per sq.ft, the total guideline value amounts to Rs 34,00,000. The stamp duty at 7% would be Rs 2,38,000, and the registration fee at 2% would be Rs 68,000, totaling Rs 3,06,000. 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 information.

Which Sub Registrar Office covers Brindavanam 3rd street?

The Sub Registrar Office that covers Brindavanam 3rd street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for further assistance.

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

The guideline value is a critical factor in property transactions in Egmore, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

It is essential for buyers and sellers to be aware of the guideline value to avoid any discrepancies during registration. The value helps in establishing a baseline for the property’s worth, which is crucial for both parties involved in the transaction.

Frequently asked questions

What is the current guideline value of Brindavanam 3rd street?

The current guideline value of Brindavanam 3rd street is Rs 3,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 454 per sq.ft in 2002 to Rs 3,400 per sq.ft in 2024, reflecting an overall increase of 649% over the years.

What is the land classification of Brindavanam 3rd street?

Brindavanam 3rd street is classified as Residential Class III Type - II.

What are the stamp duty and registration fees for a property in Brindavanam 3rd street?

For a property valued at Rs 34,00,000, the stamp duty would be Rs 2,38,000, and the registration fee would be Rs 68,000, totaling Rs 3,06,000.

Which office handles property registration for Brindavanam 3rd street?

The Periamet Sub Registrar Office handles property registration for Brindavanam 3rd street, located at 1103, Poonamallee High Road, Chennai-600 003.