Guideline Value for Brindhavan Nagar West Cross Street

Brindhavan Nagar West Cross Street guideline value

The current guideline value of Brindhavan Nagar West Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. 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 West Cross Street has changed

The guideline value for Brindhavan Nagar West Cross Street has undergone several revisions over the years. The earliest available revision is from 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. The most recent revision in 2024 saw an increase to Rs 2,200 per sq.ft. Notably, there are no figures available for the years 2002, 2003, 2007, and 2023 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2024, there was a significant increase of 64%. Overall, comparing the figures from 2012 to 2024, there has been a modest increase of 10% in the guideline value.

Guideline values in Madambakkam

In Madambakkam, there are 1151 streets under the Selaiyur SRO with 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 West Cross Street's 2024 figure below that median.

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

Stamp duty and registration fee for property in Brindhavan Nagar West 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 would be 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 charges 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 further calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Brindhavan Nagar West Cross Street?

The Sub Registrar Office that covers Brindhavan Nagar West 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 buying or selling property in Madambakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately for legal purposes. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used for calculating stamp duty and registration fees.

When registering a property, the guideline value helps in assessing the appropriate taxes and fees that need to be paid. It is essential for both buyers and sellers to understand this value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Brindhavan Nagar West Cross Street 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 several times, with the most recent increase from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024. There were no figures available for the years 2002, 2003, 2007, and 2023.

What is the land classification for Brindhavan Nagar West Cross Street?

The land classification for Brindhavan Nagar West Cross Street is Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

Stamp duty is charged at 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total of Rs 1,98,000 in charges.

Where is the Sub Registrar Office for this street located?

The Sub Registrar Office covering Brindhavan Nagar West Cross Street is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.