Guideline Value for Brindhavan Nagar 3rd Street

Brindhavan Nagar 3rd Street guideline value

The current guideline value of Brindhavan Nagar 3rd 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 3rd Street has changed

The guideline value for Brindhavan Nagar 3rd Street has undergone several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which decreased to Rs 469 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly by 72%, reaching Rs 805 per sq.ft, where it has remained through the 2023 and 2024 revisions.

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

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value for these streets is Rs 870 per sq.ft, placing the 2024 figure for Brindhavan Nagar 3rd Street below this median.

• Brindhavan Nagar 2nd Street: Rs 805 per sq.ft (2024)
• Brindhavan Nagar 4th Street: Rs 805 per sq.ft (2024)
• Brindhavan Nagar 1st Street: Rs 805 per sq.ft (2024)
• Brindhavan Nagar: 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 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 805 per sq.ft, the total guideline value amounts to Rs 8,05,000. The stamp duty at 7% would be Rs 56,350, and the registration fee at 2% would be Rs 16,100, resulting in a total of Rs 72,450. 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 details.

Which Sub Registrar Office covers Brindhavan Nagar 3rd Street?

The Brindhavan Nagar 3rd Street falls under the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, 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 is an essential factor when registering property transactions in Kovilpathagai. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that all property transactions are recorded at a fair value.

When you buy or sell property, the guideline value helps to establish a baseline for the transaction, providing a reference point for both buyers and sellers. It is crucial to understand this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Brindhavan Nagar 3rd Street?

The current guideline value for Brindhavan Nagar 3rd 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 2023 and 2024. Overall, there has been a 15% increase from 2012 to 2024.

Which Sub Registrar Office covers this street?

The Ambattur Sub Registrar Office covers Brindhavan Nagar 3rd Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

What is the stamp duty for property in Brindhavan Nagar 3rd Street?

The stamp duty for property in Brindhavan Nagar 3rd Street is 7% of the guideline value or sale price, whichever is higher. For a plot of 1,000 sq.ft, the stamp duty would be Rs 56,350.

Are there other streets with the same guideline value in Kovilpathagai?

Yes, other streets in Kovilpathagai, such as Brindhavan Nagar 1st, 2nd, and 4th Streets, also have the same guideline value of Rs 805 per sq.ft for the year 2024.