Guideline Value for Brindavanam 4th street

Brindavanam 4th street guideline value

The current guideline value of Brindavanam 4th street is Rs 3,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet Sub Registrar Office, classified as Residential Class III Type - II.

How the guideline value of Brindavanam 4th street has changed

Over the years, the guideline value for Brindavanam 4th street has seen several revisions. The 2007 revision set the value at Rs 800 per sq.ft, which increased significantly to Rs 3,100 per sq.ft in 2012, marking a substantial rise of 288%. However, this value decreased to Rs 2,077 per sq.ft in the 2017 revision, reflecting a drop of 33%. The value then increased to Rs 3,100 per sq.ft in 2023, followed by another increase to the current Rs 3,400 per sq.ft in the 2024 revision, which is a 10% rise.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 325%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value among these streets is Rs 7,100 per sq.ft, placing Brindavanam 4th street's 2024 figure below that median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,400 per sq.ft, the total guideline value would be Rs 34,00,000. The stamp duty at 7% would amount to Rs 2,38,000, while the registration fee at 2% would be Rs 68,000. Together, these charges would total Rs 3,06,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Brindavanam 4th street?

The Sub Registrar Office that covers Brindavanam 4th street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more details.

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

The guideline value is a critical factor when registering property transactions in Egmore. It serves as a benchmark to determine the minimum price at which property can be registered, ensuring compliance with government regulations.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are essential costs associated with property transactions. These fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Brindavanam 4th street?

The current guideline value of Brindavanam 4th 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 from Rs 800 per sq.ft in 2007 to Rs 3,400 per sq.ft in 2024, reflecting an overall increase of 325% over the years.

What are the stamp duty and registration fees for this street?

For a 1,000 sq.ft plot, the total guideline value is 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 Sub Registrar Office covers Brindavanam 4th street?

The Periamet Sub Registrar Office covers Brindavanam 4th street, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the land classification of Brindavanam 4th street?

Brindavanam 4th street is classified as Residential Class III Type - II, indicating its suitability for residential purposes.