Guideline Value for Brindavanam 5th street

Brindavanam 5th street guideline value

The current guideline value of Brindavanam 5th 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 5th street has changed

Starting from the earliest revision, the guideline value for Brindavanam 5th street was Rs 454 per sq.ft in 2002. It increased to Rs 501 per sq.ft in 2003, marking a 10% rise. In 2007, the value saw a significant jump to Rs 800 per sq.ft, which was an increase of 60%. The value then rose dramatically to Rs 2,077 per sq.ft in 2017, reflecting a 288% increase from the previous revision. However, in 2012, the guideline value fell to Rs 3,100 per sq.ft, a decrease of 33% from 2017. The value remained the same in 2023 at Rs 3,100 per sq.ft, before increasing to Rs 3,400 per sq.ft in 2024, which is a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 649%. The register has no figure for this street for the years not mentioned in the revisions.

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. The median value is Rs 7,100 per sq.ft, placing Brindavanam 5th street's 2024 figure below that median.

• Brindavanam 4th street: Rs 3,400 per sq.ft (2024)
• Brindavanam 6th street: Rs 3,400 per sq.ft (2024)
• Brindavanam 3rd street: Rs 3,400 per sq.ft (2024)
• Brindavanam 2nd 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 5th 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, and the registration fee at 2% would be Rs 68,000, totaling Rs 3,06,000. 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 details.

Which Sub Registrar Office covers Brindavanam 5th street?

The Brindavanam 5th street is covered by the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Egmore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately and fairly.

When buying or selling property, the guideline value affects the stamp duty and registration fees. These fees are calculated based on the higher of the guideline value or the sale price, ensuring that the state receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Brindavanam 5th street?

The current guideline value of Brindavanam 5th 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 seen several revisions, starting from Rs 454 per sq.ft in 2002 to Rs 3,400 per sq.ft in 2024, reflecting an overall increase of 649% over this period.

What are the stamp duty and registration fees for property in Brindavanam 5th 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 Sub Registrar Office covers Brindavanam 5th street?

The Periamet Sub Registrar Office covers Brindavanam 5th street, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the land classification of Brindavanam 5th street?

Brindavanam 5th street is classified as Residential Class III Type - II, indicating its suitability for residential development.