Guideline Value for Brindavanam Garden

Brindavanam Garden guideline value

The current guideline value for Brindavanam Garden is Rs 2,700 per sq.ft, effective from 1 July 2024. This property is located in Kodungaiyur village under the Madhavaram SRO and is classified as Residential Class I Type - I.

How the guideline value of Brindavanam Garden has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This figure remained unchanged through the 2023 revision. The 2024 revision saw an increase to Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. The register does not have figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Kodungaiyur

Kodungaiyur has 1,318 streets under the Madhavaram SRO with a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, which is the same as the current figure for Brindavanam Garden.

• Brindavan Nagar: Rs 2,700 per sq.ft (2024)
• Brindavan Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Brindavan Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Brindavan Nagar Main Road: Rs 2,700 per sq.ft (2024)
• Bose Road (Krishnamoorthy Nagar): Rs 2,700 per sq.ft (2024)
• Bose Cross Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Brindavanam Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, leading to a total cost of Rs 2,43,000. 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 details.

Which Sub Registrar Office covers Brindavanam Garden?

The Brindavanam Garden area is covered by the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Kodungaiyur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Brindavanam Garden?

The current guideline value of Brindavanam Garden is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen an increase from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, which is an overall increase of 8%. There were no changes recorded in the register for the years 2002, 2003, 2007, and 2017.

What are the stamp duty rates for property in Brindavanam Garden?

The stamp duty for property transactions in Brindavanam Garden is 7% of the guideline value or sale price, whichever is higher. Additionally, the registration fee is 2% of the guideline value.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles property registrations for the Brindavanam Garden area.

What is the land classification for Brindavanam Garden?

Brindavanam Garden is classified as Residential Class I Type - I, which indicates its intended use for residential purposes within the area.