Guideline Value for Brindhavan Nagar 4th Street

Brindhavan Nagar 4th Street guideline value

The current guideline value of Brindhavan Nagar 4th 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 4th Street has changed

The guideline value for Brindhavan Nagar 4th Street has seen several revisions over the years. The most recent figures are Rs 805 per sq.ft for both the 2023 and 2024 revisions. Prior to that, the 2017 revision was Rs 469 per sq.ft, and the 2012 revision was Rs 700 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register.

Examining the changes, from 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased significantly by 72%. Overall, from 2012 to 2024, there has been a 15% increase in the guideline value.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with guideline values for 2024 ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value in this village is Rs 870 per sq.ft, placing Brindhavan Nagar 4th Street's value below that median.

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

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 8,05,000. The stamp duty at 7% would amount to Rs 56,350, and the registration fee at 2% would be Rs 16,100, making the total fees Rs 72,450. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Brindhavan Nagar 4th Street?

The Brindhavan Nagar 4th 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 a crucial factor during property registration in Kovilpathagai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value helps in calculating the applicable fees, which is essential for a smooth registration process. This value is particularly important as it reflects the official valuation of the property for legal and financial purposes.

Frequently asked questions

What is the current guideline value of Brindhavan Nagar 4th Street?

The current guideline value of Brindhavan Nagar 4th 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 805 per sq.ft in 2024, marking an overall increase of 15% over this period.

What is the land classification for Brindhavan Nagar 4th Street?

Brindhavan Nagar 4th Street is classified as Residential Class II Type - II.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Brindhavan Nagar 4th Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Kovilpathagai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, for a property valued at Rs 8,05,000, the stamp duty and registration fees would total Rs 72,450.