Guideline Value for Brindhavanam Nagar

Brindhavanam Nagar guideline value

The current guideline value of Brindhavanam Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This locality is situated in Navaloor village and falls under the Padappai Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - I.

How the guideline value of Brindhavanam Nagar has changed

Over the years, the guideline value of Brindhavanam Nagar has seen several revisions. The 2012 revision set the value at Rs 700 per sq.ft, which then decreased to Rs 469 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 700 per sq.ft in the 2023 revision. The most recent revision in 2024 has raised the guideline value to Rs 770 per sq.ft, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Navaloor

In Navaloor, there are 26 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,000 per sq.ft, with a median value of Rs 550 per sq.ft. Brindhavanam Nagar's 2024 guideline value of Rs 770 per sq.ft is above this median.

• Bharathi Janalist: Rs 550 per sq.ft (2024)
• Ezhil Nagar: Rs 550 per sq.ft (2024)
• Green Grove Co-Operative Jeyam Nagar: Rs 770 per sq.ft (2024)
• Alamelumangapuram Colony Part II: Rs 440 per sq.ft (2024)
• Kanchivakkam to Serappananchery Road: Rs 440 per sq.ft (2024)
• Kanchivakkam to Vellarithangal Road: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Brindhavanam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty, charged at 7%, would be Rs 53,900, while the registration fee at 2% would be Rs 15,400. Together, the total cost for stamp duty and registration fee would be Rs 69,300. 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 Brindhavanam Nagar?

The Sub Registrar Office that covers Brindhavanam Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Navaloor. It is used to determine the stamp duty and registration fees that must be paid during the transfer of property ownership.

When a buyer or seller approaches the registration office, the guideline value helps in assessing the official value of the property, ensuring that the appropriate taxes are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Brindhavanam Nagar?

The current guideline value of Brindhavanam Nagar is Rs 770 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 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the land classification for Brindhavanam Nagar?

The land classification for Brindhavanam Nagar is Residential Special Type - I.

What are the other streets in Navaloor with their guideline values?

Other streets in Navaloor include Bharathi Janalist and Ezhil Nagar, both at Rs 550 per sq.ft, Green Grove Co-Operative Jeyam Nagar at Rs 770 per sq.ft, and Alamelumangapuram Colony Part II, Kanchivakkam to Serappananchery Road, and Kanchivakkam to Vellarithangal Road, all at Rs 440 per sq.ft.

How is the stamp duty calculated for properties in Brindhavanam Nagar?

Stamp duty for properties in Brindhavanam Nagar is calculated at 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.