Guideline Value for Bruel Ground Road

Bruel Ground Road guideline value

The current guideline value of Bruel Ground Road is Rs 2,200 per sq.ft. This road is located in Mangadu -A village, under the jurisdiction of the Kunrathur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Bruel Ground Road has changed

The guideline value for Bruel Ground Road has seen several revisions over the years. The most recent revision effective from 1 July 2024 sets the guideline value at Rs 2,200 per sq.ft, an increase from Rs 2,000 per sq.ft in the 2023 revision. This represents a 10% increase from the previous year. Prior to that, in the 2017 revision, the guideline value was Rs 1,340 per sq.ft, marking a significant increase of 49% to the 2023 figure. Overall, from 2017 to 2024, the guideline value has increased by 64%.

The register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only revisions with recorded figures are from 2017, 2023, and the current 2024 revision.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,870 per sq.ft, placing Bruel Ground Road's current value above this median.

• Chakra Nagar: Rs 2,200 per sq.ft (2024)
• Chakra Nagar part I: Rs 2,200 per sq.ft (2024)
• Chakra Nagar Part IV: Rs 2,200 per sq.ft (2024)
• Chinna Mangadu IInd Street: Rs 1,870 per sq.ft (2024)
• Chinna Mangadu Ist Street: Rs 1,870 per sq.ft (2024)
• Chinna Mangadu Met Street: Rs 1,870 per sq.ft (2024)

Stamp duty and registration fee for property in Bruel Ground Road

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, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bruel Ground Road?

The Sub Registrar Office that covers Bruel Ground Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value is a critical factor when buying or selling property in Mangadu -A, as it determines the minimum value at which a property can be registered. It is essential for both buyers and sellers to be aware of the guideline value to ensure compliance with local regulations during the registration process.

When a property is sold, the registration office uses the guideline value to calculate applicable taxes and fees. This ensures that the transaction is recorded accurately and reflects the value set by the government for the area.

Frequently asked questions

What is the current guideline value of Bruel Ground Road?

The current guideline value of Bruel Ground Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty and registration fees for properties on Bruel Ground Road?

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

Which office handles property registrations for Bruel Ground Road?

The Kunrathur Sub Registrar Office handles property registrations for Bruel Ground Road, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Bruel Ground Road?

The land classification for Bruel Ground Road is Residential Special Type - I, indicating its suitability for residential development.