Guideline Value for Brittania Nagar

Brittania Nagar guideline value

The current guideline value of Brittania Nagar, located in Kathirvedu village under the Ambattur SRO, is Rs 1,400 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Brittania Nagar has changed

The guideline value for Brittania Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 52 per sq.ft, which increased to Rs 80 per sq.ft in 2003, marking a 54% rise. Following this, the value surged dramatically to Rs 400 per sq.ft in 2007, reflecting a 400% increase. The value then rose to Rs 1,300 per sq.ft in 2012, a substantial 225% increase from the previous revision. However, it decreased to Rs 871 per sq.ft in 2017, showing a decline of 33% before climbing to Rs 1,300 per sq.ft in 2023, which was a 49% increase. The latest revision in 2024 has set the guideline value at Rs 1,400 per sq.ft, an increase of 8% from 2023.

There are no figures available for the revisions in years other than those mentioned. The overall increase from 2002 to 2024 amounts to an impressive 2,592%.

Guideline values in Kathirvedu

In Kathirvedu, there are 78 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 1,500 per sq.ft, placing Brittania Nagar below this median value.

• Cannan Habitat: Rs 1,500 per sq.ft (2024)
• Birla Avenue Extension (Anbu Estate): Rs 1,500 per sq.ft (2024)
• Birla Avenue Annex (Anbu Estate): Rs 1,500 per sq.ft (2024)
• Birla Avenue (Anbu Estate): Rs 1,500 per sq.ft (2024)
• Bhavya Avenue: Rs 1,500 per sq.ft (2024)
• Chelli Amman Koil Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Brittania Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total to Rs 1,26,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Brittania Nagar?

The Sub Registrar Office that covers Brittania 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 Kathirvedu

The guideline value is a crucial factor during property registration in Kathirvedu. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark. If the sale price is higher than the guideline value, the stamp duty is calculated on the sale price. Conversely, if the sale price is lower, the duty is charged on the guideline value.

Frequently asked questions

What is the current guideline value of Brittania Nagar?

The current guideline value of Brittania Nagar is Rs 1,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 52 per sq.ft in 2002 to Rs 1,400 per sq.ft in 2024, representing an overall increase of 2,592%.

What is the classification of land in Brittania Nagar?

Brittania Nagar is classified as Residential Class III Type - I, indicating its designation for residential purposes.

What are the stamp duty rates for properties in Brittania Nagar?

The stamp duty for properties in Brittania Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Brittania Nagar?

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