Guideline Value for Brindhavan Nagar Main Road

Brindhavan Nagar Main Road guideline value

The current guideline value of Brindhavan Nagar Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village and falls under the Selaiyur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Brindhavan Nagar Main Road has changed

The guideline value for Brindhavan Nagar Main Road has seen several revisions over the years. In the 2012 revision, the value was set at Rs 2,000 per sq.ft, which decreased to Rs 1,340 per sq.ft in the 2017 revision. This represents a decline of 33% from 2012 to 2017. However, the latest revision in 2024 has increased the value to Rs 2,200 per sq.ft, marking a significant rise of 64% from the 2017 figure.

Overall, comparing the 2012 and 2024 revisions, there has been a slight increase of 10%. It is important to note that the register has no figures for the years 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 value across these streets is Rs 2,400 per sq.ft, indicating that the guideline value of Brindhavan Nagar Main Road is below this median.

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

Stamp duty and registration fee for property in Brindhavan Nagar Main Road

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, charged at 7%, would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000. Therefore, the total cost for these fees would be Rs 1,98,000. It is important to note that the 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 Main Road?

The Sub Registrar Office that covers Brindhavan Nagar Main Road 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 details.

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

The guideline value is a critical factor during property transactions in Madambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property. The guideline value ensures that the transaction is registered at a fair value as determined by the government.

When a property is sold, the buyer and seller must consider the guideline value to ensure compliance with registration norms. The fees calculated based on this value are mandatory and must be settled before the registration process is completed.

Frequently asked questions

What is the current guideline value of Brindhavan Nagar Main Road?

The current guideline value of Brindhavan Nagar Main Road 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 increased to Rs 2,200 per sq.ft in 2024.

What is the median guideline value in Madambakkam?

The median guideline value for streets in Madambakkam is Rs 2,400 per sq.ft, while Brindhavan Nagar Main Road's value is below this median.

What fees are associated with buying property in Brindhavan Nagar Main Road?

When buying property, the stamp duty is charged at 7% of the guideline value, and the registration fee is charged at 2%. These fees are calculated based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Brindhavan Nagar Main Road located?

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