Guideline Value for Brindhavan Nagar 1st Cross Street

Brindhavan Nagar 1st Cross Street guideline value

The current guideline value of Brindhavan Nagar 1st Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village and falls under the Selaiyur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Brindhavan Nagar 1st Cross Street has changed

The guideline value for Brindhavan Nagar 1st Cross Street has seen several revisions over the years. The earliest recorded revision was in 2002, but the register has no figure for this street in that year. In 2003, there was no figure available as well. The next recorded revision was in 2007, which also has no figure for this street. In 2012, the guideline value was set at Rs 2,000 per sq.ft. The most recent revision in 2024 increased this value to Rs 2,200 per sq.ft, marking a 10% increase from the 2012 figure.

In summary, the guideline value for Brindhavan Nagar 1st Cross Street has changed from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024. There are no recorded figures for the years 2017 and 2023 for this street.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, which means that the guideline value of Brindhavan Nagar 1st Cross Street is below the median.

• Brindhavan Nagar 1st Main Road: Rs 2,200 per sq.ft (2024)
• Brindhavan Nagar: Rs 2,200 per sq.ft (2024)
• Brindhavan Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Brindhavan Nagar 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Brindhavan Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Brindhavan Nagar 3rd Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Brindhavan Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total cost for these fees Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Brindhavan Nagar 1st Cross Street?

The Sub Registrar Office that covers Brindhavan Nagar 1st Cross Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Madambakkam. It serves as a reference point for determining the stamp duty and registration fees applicable during the registration process. Buyers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to ensure that the transaction adheres to the guideline values set by the Registration Department. This helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Brindhavan Nagar 1st Cross Street?

The current guideline value of Brindhavan Nagar 1st Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value increased from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, marking a 10% increase. There are no recorded figures for the years 2002, 2003, 2007, 2017, and 2023 for this street.

What is the land classification for Brindhavan Nagar 1st Cross Street?

The land classification for Brindhavan Nagar 1st Cross Street is Residential Special Type - I. This classification indicates the intended use of the land in this area.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, on a 1,000 sq.ft plot, the total fees would amount to Rs 1,98,000.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. This office handles registrations for properties in the area.