Guideline Value for Brittania Nagar

Brittania Nagar guideline value

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

How the guideline value of Brittania Nagar has changed

In the 2012 revision, the guideline value was set at Rs 1,300 per sq.ft. This figure saw a significant decrease in the 2017 revision, dropping to Rs 871 per sq.ft, which represents a decline of 33%. The value then increased to Rs 1,300 per sq.ft in the 2023 revision, followed by a rise to Rs 1,400 per sq.ft in the 2024 revision, marking an increase of 8% from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 8%.

Guideline values in Soorapattu

In Soorapattu, there are 115 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,100 per sq.ft, with a median value of Rs 1,300 per sq.ft. Brittania Nagar's 2024 figure of Rs 1,400 per sq.ft is above this median.

• Chandra Park-Layout: Rs 1,900 per sq.ft (2024)
• Bhavani Amman Koil Street: Rs 1,200 per sq.ft (2024)
• Bharathiyar Street: Rs 1,100 per sq.ft (2024)
• Bharathidasan Nagar(9th Street): Rs 1,100 per sq.ft (2024)
• Bharathidasan Nagar(8th Street): Rs 1,100 per sq.ft (2024)
• Bharathidasan Nagar(7th Street): Rs 1,100 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 amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, leading to a total of 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Brittania Nagar?

The Brittania 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 Soorapattu

The guideline value is a crucial factor in the property registration process in Soorapattu. It serves as a benchmark for determining the value of a property during registration, ensuring that the transaction is recorded accurately and transparently.

When buying or selling a property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs associated with the transfer of property ownership. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price.

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 has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2012 to Rs 871 per sq.ft in 2017, then back to Rs 1,300 in 2023, and finally to Rs 1,400 in 2024.

What is the land classification of Brittania Nagar?

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

What is the stamp duty percentage for property transactions?

The stamp duty for property transactions in Brittania Nagar is set at 7% of the guideline value or the sale price, whichever is higher.

Where is the Ambattur Sub Registrar Office located?

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