Guideline Value for Brindhavan Nagar Enclave

Brindhavan Nagar Enclave guideline value

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

How the guideline value of Brindhavan Nagar Enclave has changed

Over the years, the guideline value for Brindhavan Nagar Enclave has undergone several revisions. The earliest recorded figure is from 2012, where the guideline value was Rs 2,000 per sq.ft. In 2017, this value dropped to Rs 1,340 per sq.ft, marking a decrease of 33%. However, the most recent revision in 2024 saw an increase to Rs 2,200 per sq.ft, representing a significant rise of 64% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 for this street. This lack of data means that the changes in guideline value during those years cannot be assessed.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft as of 2024. The median guideline value for the village is Rs 2,400 per sq.ft, indicating that Brindhavan Nagar Enclave's 2024 figure is below this median.

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

Stamp duty and registration fee for property in Brindhavan Nagar Enclave

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 cost for these fees to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Brindhavan Nagar Enclave?

The Sub Registrar Office that covers Brindhavan Nagar Enclave 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 further assistance.

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

The guideline value plays a crucial role when buying or selling property in Madambakkam. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers should be aware that the guideline value may differ from the actual sale price, but the duty is charged based on the higher of the two.

When registering a property, it is essential to consult the guideline value to ensure compliance with local regulations. This value is set by the Registration Department and reflects the market conditions and land classification in the area.

Frequently asked questions

What is the current guideline value of Brindhavan Nagar Enclave?

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

How much has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 2,000 per sq.ft to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 10%.

What is the land classification for Brindhavan Nagar Enclave?

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

Where can I find the Sub Registrar Office for Brindhavan Nagar Enclave?

The Sub Registrar Office for Brindhavan Nagar Enclave is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

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

Stamp duty is calculated based on the guideline value or the sale price of the property, 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%.