Guideline Value for Brindhavan Nagar 1st Street

Brindhavan Nagar 1st Street guideline value

The current guideline value of Brindhavan Nagar 1st Street is Rs 805 per sq.ft, effective from 1 July 2024. This street is located in Kovilpathagai village under the Ambattur SRO, classified as Residential Class II Type - II.

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

In the 2012 revision, the guideline value was Rs 700 per sq.ft. This figure saw a decrease to Rs 469 per sq.ft in the 2017 revision, marking a drop of 33%. However, from 2017 to 2023, the value increased significantly to Rs 805 per sq.ft, reflecting a rise of 72%. The 2023 revision maintained the same value of Rs 805 per sq.ft until the next revision in 2024.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 15%.

Guideline values in Kovilpathagai

In Kovilpathagai, there are 278 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 803 to Rs 2,900 per sq.ft. The median value among these streets is Rs 870 per sq.ft, placing Brindhavan Nagar 1st Street's 2024 figure below that median.

• Brindhavan Nagar 2nd Street: Rs 805 per sq.ft (2024)
• Brindhavan Nagar: Rs 805 per sq.ft (2024)
• Brindhavan Nagar 3rd Street: Rs 805 per sq.ft (2024)
• Brindhavan Nagar 4th Street: Rs 805 per sq.ft (2024)
• Bound Street: Rs 880 per sq.ft (2024)
• Bible Street: Rs 880 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 805 per sq.ft, the guideline value amounts to Rs 8,05,000. The stamp duty at 7% would be Rs 56,350, while the registration fee at 2% would be Rs 16,100, bringing the total fees to Rs 72,450. 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 Street?

The Sub Registrar Office that covers Brindhavan Nagar 1st Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Kovilpathagai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is used to determine the minimum value on which stamp duty is calculated. This means that if the sale price is lower than the guideline value, the duty will be charged based on the guideline value instead.

Frequently asked questions

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

The current guideline value of Brindhavan Nagar 1st Street is Rs 805 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 805 per sq.ft in both 2023 and 2024. Overall, from 2012 to 2024, the increase is 15%.

What is the median guideline value in Kovilpathagai?

The median guideline value in Kovilpathagai is Rs 870 per sq.ft. The guideline value for Brindhavan Nagar 1st Street is below this median.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 805 per sq.ft, the total guideline value is Rs 8,05,000.

Where can I find the Sub Registrar Office for Brindhavan Nagar 1st Street?

The Sub Registrar Office for Brindhavan Nagar 1st Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600053, Chennai registration zone.