Guideline Value

Corporate

Guideline Value for Brindhavan Nagar 1st Main Road

₹2200/sq.ft.

The guideline value for Brindhavan Nagar 1st Main Road in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2200 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Brindhavan Nagar 1st Main Road

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Brindhavan Nagar 1st Main Road guideline value

The current guideline value of Brindhavan Nagar 1st Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village, under the Selaiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Brindhavan Nagar 1st Main Road has changed

The guideline value for Brindhavan Nagar 1st Main Road has seen several revisions over the years. In 2012, the guideline value was Rs 2,000 per sq.ft. The most recent revision in 2024 increased this amount to Rs 2,200 per sq.ft, marking a 10% increase from the 2012 figure. The register has no figures for the years 2002, 2003, 2007, 2017, and 2023 for this street.

Between the 2012 and 2024 revisions, the increase reflects changes in land values within the area. The current guideline value of Rs 2,200 per sq.ft is now established as the rate for transactions occurring after 1 July 2024.

Guideline values in Madambakkam

In Madambakkam, there are 1151 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 2,400 per sq.ft. Brindhavan Nagar 1st Main Road's 2024 guideline value is below this median.

Stamp duty and registration fee for property in Brindhavan Nagar 1st Main Road

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, bringing the total fees to Rs 1,98,000. 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 further assistance.

Which Sub Registrar Office covers Brindhavan Nagar 1st Main Road?

The Sub Registrar Office that covers Brindhavan Nagar 1st Main Road 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 critical factor in property transactions in Madambakkam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value serves as the minimum value for calculating taxes. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of land in the area.

Frequently asked questions

What is the current guideline value of Brindhavan Nagar 1st Main Road?

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

How 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. The register has no figures for the years 2002, 2003, 2007, 2017, and 2023 for this street.

What are the stamp duty and registration fees for property in Brindhavan Nagar 1st Main Road?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000. Duty is charged on the higher of the guideline value or the sale price.

Which office handles registrations for Brindhavan Nagar 1st Main Road?

The Selaiyur Sub Registrar Office handles registrations for Brindhavan Nagar 1st Main Road. It is located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification of Brindhavan Nagar 1st Main Road?

Brindhavan Nagar 1st Main Road is classified as Residential Special Type - I. This classification is important for determining the applicable guideline values and regulations.