Guideline Value for Brindhavan Nagar

Brindhavan Nagar guideline value

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

How the guideline value of Brindhavan Nagar has changed

The guideline value for Brindhavan Nagar has seen a change from Rs 2,000 per sq.ft in the 2012 revision to Rs 2,200 per sq.ft in the 2024 revision, marking an increase of 10%. The register does not list any figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

Prior to the 2012 revision, the guideline value was Rs 2,000 per sq.ft. As such, the only recorded changes in the guideline value for Brindhavan Nagar occurred between the 2012 and 2024 revisions.

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, with a median value of Rs 2,400 per sq.ft. The guideline value for Brindhavan Nagar is below this median.

• Brindhavan Nagar 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Brindhavan Nagar 1st Main Road: Rs 2,200 per sq.ft (2024)
• Brindhavan Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Brindhavan Nagar 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Brindhavan Nagar 2nd 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

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, making the total fees together Rs 1,98,000. Please 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?

The Sub Registrar Office that covers Brindhavan Nagar 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 crucial factor when registering property in Madambakkam. It serves as the basis for calculating stamp duty and registration fees, which are essential costs involved in property transactions.

When you buy or sell property, the guideline value ensures that the transaction is recorded accurately in the official register. This helps maintain transparency and accountability in property dealings within the region.

Frequently asked questions

What is the current guideline value of Brindhavan Nagar?

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

How has the guideline value changed over the years?

The guideline value increased from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, which is a 10% increase. The register does not list any figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification of Brindhavan Nagar?

Brindhavan Nagar is classified as Residential Special Type - I. This classification indicates the type of development and usage permitted in the area.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, for a property valued at Rs 22,00,000, the total fees would be Rs 1,98,000.

Where is the Sub Registrar Office for Brindhavan Nagar located?

The Sub Registrar Office for Brindhavan Nagar is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. This office falls under the Chengalpattu registration zone.