Guideline Value for Brindavanam 6th street

Brindavanam 6th street guideline value

The current guideline value of Brindavanam 6th 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 it falls under the Residential Class III Type - II land classification.

How the guideline value of Brindavanam 6th street has changed

The guideline value for Brindavanam 6th street has seen several revisions over the years. The earliest recorded figure is from 2003, where the value was Rs 501 per sq.ft. This increased to Rs 800 per sq.ft in 2007, marking a significant rise of 60%. The value then surged to Rs 3,100 per sq.ft in 2012, reflecting an increase of 288%. However, by 2017, it dropped to Rs 2,077 per sq.ft, a decrease of 33%. The guideline value saw a remarkable increase to Rs 3,100 per sq.ft in 2023, followed by a further rise to Rs 3,400 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 579%. Notably, there is no figure recorded for this street in 2002.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO that have a guideline value for 2024, ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, placing Brindavanam 6th street's 2024 guideline value below this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 3,400 per sq.ft, the 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, bringing the total to Rs 3,06,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Brindavanam 6th street?

The Brindavanam 6th 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 details.

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

The guideline value plays a crucial role during the registration of property transactions in Egmore. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of Brindavanam 6th street?

The current guideline value of Brindavanam 6th 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 501 per sq.ft in 2003 to Rs 3,400 per sq.ft in 2024, reflecting an overall increase of 579% over this period.

What is the land classification for Brindavanam 6th street?

Brindavanam 6th street is classified as Residential Class III Type - II.

What are the stamp duty and registration fees for this 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 registrations for Brindavanam 6th street?

The Periamet Sub Registrar Office handles property registrations for Brindavanam 6th street, located at 1103, Poonamallee High Road, Chennai-600 003.