Guideline Value for Brundavan Nagar

Brundavan Nagar guideline value

The current guideline value of Brundavan Nagar is Rs 3,900 per sq.ft, effective from 1 July 2024. This area is located in Palavanthangal village under the Alandur SRO, classified as Residential Class I Type - III.

How the guideline value of Brundavan Nagar has changed

The guideline value for Brundavan Nagar has seen several revisions over the years. The 2007 revision set the value at Rs 1,250 per sq.ft, which increased to Rs 3,500 per sq.ft in 2012. However, there was a decrease in the 2017 revision to Rs 2,345 per sq.ft, followed by a significant increase to Rs 3,500 per sq.ft in 2023. The most recent revision in 2024 raised the guideline value to Rs 3,900 per sq.ft.

Between the revisions, the changes were as follows: from 2007 to 2012, there was an increase of 180%; from 2012 to 2017, a decrease of 33%; from 2017 to 2023, an increase of 49%; and from 2023 to 2024, an increase of 11%. Overall, from 2007 to 2024, the guideline value has increased by 212%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Palavanthangal

In Palavanthangal, there are 95 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value is Rs 3,900 per sq.ft, which matches the current value for Brundavan Nagar.

• Bharathiyar Street Extension: Rs 3,300 per sq.ft (2024)
• Bharathiyar Street: Rs 3,300 per sq.ft (2024)
• Bharathiyar First Street: Rs 3,300 per sq.ft (2024)
• Bharathiyar 2nd Street: Rs 3,300 per sq.ft (2024)
• Bharathiyar 2nd Lane: Rs 3,300 per sq.ft (2024)
• Bharathiyar 1st Lane: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Brundavan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Brundavan Nagar?

The Sub Registrar Office that covers Brundavan Nagar is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Palavanthangal. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area. Buyers should be aware that the guideline value may influence the overall cost of the transaction.

When registering a property, the guideline value serves as a benchmark for the transaction price. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price instead. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Brundavan Nagar?

The current guideline value of Brundavan Nagar is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,250 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, with various revisions in between.

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

The stamp duty for properties in Brundavan Nagar is charged at 7% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Brundavan Nagar is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Brundavan Nagar?

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