Guideline Value for Britania Nagar

Britania Nagar guideline value

The current guideline value of Britania Nagar, located in Ayappakkam village under the Ambattur SRO, is Rs 880 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - II land classification.

How the guideline value of Britania Nagar has changed

The guideline value for Britania Nagar has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 90 per sq.ft. This increased to Rs 120 per sq.ft in the 2003 revision, marking a 33% rise. The 2007 revision saw a significant jump to Rs 400 per sq.ft, reflecting a 233% increase. However, the value then decreased to Rs 800 per sq.ft in the 2012 revision, a decline of 33%. The 2017 revision raised the value to Rs 536 per sq.ft, which was a 49% increase from the previous figure. In the 2023 revision, the value further increased to Rs 800 per sq.ft, and the most recent 2024 revision set it at Rs 880 per sq.ft, representing a 10% rise.

There are no figures available for the years not mentioned in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 878%.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 4,000 per sq.ft. The median value for these streets is Rs 1,300 per sq.ft, placing Britania Nagar's 2024 figure below that median.

• Captone City: Rs 990 per sq.ft (2024)
• Bhavani nagar Prathana Salai (Bhavani nagar): Rs 1,600 per sq.ft (2024)
• Bharathiyar nagar 3rd street: Rs 1,100 per sq.ft (2024)
• Bharathiyar nagar 2nd street: Rs 1,100 per sq.ft (2024)
• Bharathiyar nagar 1st street: Rs 1,100 per sq.ft (2024)
• Bharathi street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Britania Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, making the total cost for these fees Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Britania Nagar?

The Sub Registrar Office that covers Britania Nagar is 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 Ayappakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Ayappakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is legally recognized and that all associated fees are appropriately calculated.

Frequently asked questions

What is the current guideline value of Britania Nagar?

The current guideline value of Britania Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 90 in 2002 to Rs 880 in 2024, reflecting an overall increase of 878% over the years.

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

For a property valued at Rs 8,80,000, the stamp duty is Rs 61,600 and the registration fee is Rs 17,600, totaling Rs 79,200.

Which Sub Registrar Office covers Britania Nagar?

The Ambattur Sub Registrar Office covers Britania Nagar, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for Britania Nagar?

Britania Nagar falls under the Residential Class II Type - II land classification.