Guideline Value for Brindavanam Street

Brindavanam Street guideline value

The current guideline value of Brindavanam Street in Peerklankaranai village is Rs 1,320 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Brindavanam Street has changed

The guideline value for Brindavanam Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained the same until the 2017 revision when it dropped to Rs 804 per sq.ft. The value then increased significantly to Rs 1,200 per sq.ft in the 2023 revision, followed by a further increase to Rs 1,320 per sq.ft in the 2024 revision, representing a 10% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Brindavanam Street's 2024 figure below this median.

• Buddhar Street: Rs 1,100 per sq.ft (2024)
• Bharathiyar Street: Rs 1,100 per sq.ft (2024)
• Bharathi Street ward 8th: Rs 1,980 per sq.ft (2024)
• Bharathi St Near G.S.T Road: Rs 1,980 per sq.ft (2024)
• Bharathi St: Rs 2,200 per sq.ft (2024)
• Bharathidasan St: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Brindavanam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Brindavanam Street?

The Sub Registrar Office that covers Brindavanam Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor in the registration process when buying or selling property in Peerklankaranai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

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 government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Brindavanam Street?

The current guideline value of Brindavanam Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification of Brindavanam Street?

Brindavanam Street is classified as Residential Class I Type - III under the guideline value register.

How is stamp duty calculated for properties in Peerklankaranai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 13,20,000, the stamp duty at 7% would be Rs 92,400.

Where is the Sub Registrar Office for Brindavanam Street located?

The Sub Registrar Office for Brindavanam Street is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.