Guideline Value for Brindhavan Colony

Brindhavan Colony guideline value

The current guideline value of Brindhavan Colony is Rs 1,600 per sq.ft, effective from 1 July 2024. This area is located in 5. Athipattu village under the Konnur SRO, classified as Residential Class II Type - I.

How the guideline value of Brindhavan Colony has changed

The guideline value for Brindhavan Colony has seen significant changes over the years. In the 2017 revision, the value was Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in the 2023 revision, marking a 49% rise. The current guideline value of Rs 1,600 per sq.ft from the 2024 revision represents a 7% increase from 2023. Overall, from 2017 to 2024, the guideline value has increased by 59%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 7,650 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, making Brindhavan Colony's 2024 figure below that median.

• Bramhaputra Street(ICF): Rs 2,200 per sq.ft (2024)
• B.K. Mugamad Road: Rs 3,601 per sq.ft (2024)
• Bhavani Salai(Chelliamman nagar): Rs 2,200 per sq.ft (2024)
• Bharathi Street: Rs 2,200 per sq.ft (2024)
• Chetty 2nd Street: Rs 1,100 per sq.ft (2024)
• Bharathidasan Street (Chelliamman): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Brindhavan Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Brindhavan Colony?

The Sub Registrar Office that covers Brindhavan Colony is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value plays a crucial role in the registration process when buying or selling property in 5. Athipattu. It serves as a benchmark for determining the value of the property, ensuring that the transaction is recorded accurately in accordance with government regulations.

When a property is registered, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial implications associated with the property transfer.

Frequently asked questions

What is the current guideline value of Brindhavan Colony?

The current guideline value of Brindhavan Colony is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,005 per sq.ft in 2017 to Rs 1,600 per sq.ft in 2024, marking a total increase of 59% over the years.

What is the median guideline value in 5. Athipattu?

The median guideline value in 5. Athipattu is Rs 2,200 per sq.ft, with Brindhavan Colony's current value being below this median.

What are the stamp duty and registration fees for property in Brindhavan Colony?

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000.

Which office handles property registration for Brindhavan Colony?

The Konnur Sub Registrar Office handles property registration for Brindhavan Colony, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.