Guideline Value for Brindavanam street

Brindavanam street guideline value

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

How the guideline value of Brindavanam street has changed

The guideline value for Brindavanam street has undergone several revisions over the years. In 2002, the guideline value was Rs 454 per sq.ft, which increased to Rs 501 per sq.ft in 2003. Following this, there was a significant rise to Rs 800 per sq.ft in 2007, and then it further increased to Rs 3,100 per sq.ft in 2012. However, between 2012 and 2017, the value decreased to Rs 2,077 per sq.ft. The value then rose to Rs 3,100 per sq.ft in 2023, and currently stands at Rs 3,400 per sq.ft as of the 2024 revision.

The changes between these revisions are noteworthy. From 2002 to 2024, the guideline value has increased by 649%. The most significant change occurred from 2007 to 2012, where the value increased by 288%. The 2023 to 2024 revision saw a 10% increase, while the 2017 to 2023 period saw a 49% increase. There are no figures available for the years not listed in the register for this street.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO carrying a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft, with a median value of Rs 7,100 per sq.ft. Brindavanam street's 2024 guideline value of Rs 3,400 per sq.ft is below this median.

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

Stamp duty and registration fee for property in Brindavanam 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. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, 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 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 plays a crucial role when buying or selling property in Egmore. It serves as a benchmark for determining the minimum value at which property transactions can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

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

Frequently asked questions

What is the current guideline value of Brindavanam street?

The current guideline value of Brindavanam 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 changes, starting from Rs 454 per sq.ft in 2002 to Rs 3,400 per sq.ft in 2024, marking an overall increase of 649%.

What is the land classification of Brindavanam street?

Brindavanam street is classified as Residential Class III Type - II under the Periamet SRO.

Where can I find the registration office for Brindavanam street?

The registration office for Brindavanam street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 34,00,000, the total fees would amount to Rs 3,06,000.