Guideline Value for Brindhavan Nagar Extn

Brindhavan Nagar Extn guideline value

The current guideline value of Brindhavan Nagar Extn 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 Extn has changed

Over the years, the guideline value of Brindhavan Nagar Extn has seen several revisions. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. This marked a decrease of 33%. However, the most recent 2024 revision has increased the value to Rs 2,200 per sq.ft, reflecting a significant increase of 64% from the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that the register does not have figures for the years 2023, 2007, 2003, and 2002 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 value for these streets is Rs 2,400 per sq.ft, placing Brindhavan Nagar Extn's 2024 figure below this median.

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

Stamp duty and registration fee for property in Brindhavan Nagar Extn

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the 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, making the total 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. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Brindhavan Nagar Extn?

The Sub Registrar Office that covers Brindhavan Nagar Extn 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 an important factor during the registration of property transactions in Madambakkam. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property.

When a property is registered, the guideline value serves as a benchmark for calculating the costs involved in the transaction. Buyers and sellers should be aware of the current guideline value to ensure that they comply with the legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Brindhavan Nagar Extn?

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

How 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 to Rs 2,200 per sq.ft in 2024. This reflects a decrease of 33% from 2012 to 2017, followed by an increase of 64% from 2017 to 2024.

What are the guideline values for other streets in Madambakkam?

Other streets in Madambakkam under the Selaiyur SRO have a guideline value of Rs 2,200 per sq.ft in 2024, which is consistent with the value of Brindhavan Nagar Extn.

What is the stamp duty for property in Brindhavan Nagar Extn?

The stamp duty for property in Brindhavan Nagar Extn is 7% of the guideline value. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000.

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. This office handles the registration of properties in the area.