Guideline Value

Corporate

Guideline Value for Brindhavan Nagar

₹805/sq.ft.

The guideline value for Brindhavan Nagar in Kovilpathagai village (Ambattur SRO, Chennai zone) is Rs 805 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kovilpathagai

Village

Ambattur

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹805 /sq.ft.
From 1-4-2023 ₹805 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Brindhavan Nagar

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Brindhavan Nagar guideline value

The current guideline value of Brindhavan Nagar, located in Kovilpathagai village, under the Ambattur SRO, is Rs 805 per sq.ft. This figure is effective from 1 July 2024. The land classification for this area is Residential Class II Type - II.

How the guideline value of Brindhavan Nagar has changed

The guideline value for Brindhavan Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which then dropped to Rs 469 per sq.ft in 2017. Following this, the value increased significantly to Rs 805 per sq.ft in both the 2023 and 2024 revisions, marking a 72% increase from 2017 to 2023. Notably, the register has no figure for this street in 2002, 2003, and 2007.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, the overall change from 2012 to 2024 shows a modest increase of 15%, reflecting the current guideline value of Rs 805 per sq.ft effective from July 2024.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value in this area is Rs 870 per sq.ft, indicating that the guideline value for Brindhavan Nagar is below this median.

Stamp duty and registration fee for property in Brindhavan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 805 per sq.ft, the total guideline value amounts to Rs 8,05,000. The stamp duty at 7% would be Rs 56,350, and the registration fee at 2% would be Rs 16,100, bringing the total fees together to Rs 72,450. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Brindhavan Nagar?

The Brindhavan Nagar area falls under the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kovilpathagai. It serves as a benchmark for determining the minimum value of a property that can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, making it essential for both buyers and sellers to be aware of the current guideline value.

Frequently asked questions

What is the current guideline value of Brindhavan Nagar?

The current guideline value of Brindhavan Nagar is Rs 805 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 805 per sq.ft in 2023 and 2024. The overall change from 2012 to 2024 is an increase of 15%.

What are the stamp duty and registration fees for property in Brindhavan Nagar?

For a property valued at Rs 8,05,000, the stamp duty is Rs 56,350 and the registration fee is Rs 16,100, totaling Rs 72,450. Duty is charged on the higher of the guideline value or the sale price.

Which office handles registrations for Brindhavan Nagar?

The Ambattur Sub Registrar Office handles registrations for Brindhavan Nagar. It is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for Brindhavan Nagar?

The land classification for Brindhavan Nagar is Residential Class II Type - II, indicating its suitability for residential development.