Guideline Value for Brindhavan Nagar Cross Street

Brindhavan Nagar Cross Street guideline value

The current guideline value of Brindhavan Nagar Cross Street is Rs 2,200 per sq.ft. 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 Cross Street has changed

Over the years, the guideline value for Brindhavan Nagar Cross Street has seen several revisions. The earliest recorded revision was in 2012, where the guideline value was Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,340 per sq.ft in the 2017 revision. However, the most recent revision in 2024 has increased the guideline value to Rs 2,200 per sq.ft, marking a significant increase of 64% from the 2017 figure.

When comparing the 2012 and 2017 revisions, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2023 for this street.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry 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, placing Brindhavan Nagar Cross Street's 2024 figure below that median.

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

Stamp duty and registration fee for property in Brindhavan Nagar 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, bringing the total fees to Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Brindhavan Nagar Cross Street?

The Sub Registrar Office that covers Brindhavan Nagar 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 registering property transactions in Madambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a buyer or seller engages in a property transaction, the guideline value is used to calculate the applicable fees. This ensures that the transaction is recorded accurately and legally, reflecting the value of the property as determined by the registration department.

Frequently asked questions

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

The current guideline value of Brindhavan Nagar 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 has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, and then increased to Rs 2,200 per sq.ft in 2024.

What is the land classification for Brindhavan Nagar Cross Street?

Brindhavan Nagar Cross Street is classified as Residential Special Type - I, indicating its suitability for residential development.

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.

How is the stamp duty calculated for properties in Brindhavan Nagar Cross Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at 7%.