Guideline Value for G.S.T BRITHAVANAM CO-OP NAGAR

G.S.T Brithavanam Co-Op Nagar guideline value

The current guideline value of G.S.T Brithavanam Co-Op Nagar is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Mamandoor village and falls under the Chengleput Joint II SRO. The land classification for this locality is Residential Special Type - I.

How the guideline value of G.S.T Brithavanam Co-Op Nagar has changed

Over the years, the guideline value of G.S.T Brithavanam Co-Op Nagar has seen several revisions. The 2012 revision set the value at Rs 800 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 536 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49% back to Rs 800 per sq.ft. The most recent revision in 2024 has maintained this value at Rs 800 per sq.ft, indicating no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained stable with a 0% change.

Guideline values in Mamandoor

Mamandoor village has a total of 41 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 1,200 per sq.ft. The median value among these streets is Rs 500 per sq.ft, placing G.S.T Brithavanam Co-Op Nagar's 2024 figure above that median.

• Green City: Rs 400 per sq.ft (2024)
• Gracy Garden: Rs 500 per sq.ft (2024)
• Iyappan Nagar: Rs 500 per sq.ft (2024)
• Jayam Nagar: Rs 800 per sq.ft (2024)
• Express Avenue: Rs 400 per sq.ft (2024)
• Chennai Avenue Phase -VI: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in G.S.T Brithavanam Co-Op Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, while the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers G.S.T Brithavanam Co-Op Nagar?

The G.S.T Brithavanam Co-Op Nagar area is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Mamandoor. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property. This helps maintain transparency in property transactions.

When a buyer or seller approaches the Chengleput Joint II SRO for registration, the guideline value will be used to determine the applicable fees. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of G.S.T Brithavanam Co-Op Nagar?

The current guideline value of G.S.T Brithavanam Co-Op Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 800 per sq.ft from 2012 to 2024, with a decrease to Rs 536 per sq.ft in 2017 and an increase back to Rs 800 per sq.ft in 2023. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification for G.S.T Brithavanam Co-Op Nagar?

The land classification for G.S.T Brithavanam Co-Op Nagar is Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property in G.S.T Brithavanam Co-Op Nagar?

For a 1,000 sq.ft plot, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for G.S.T Brithavanam Co-Op Nagar?

The Chengleput Joint II Sub Registrar Office handles registrations for G.S.T Brithavanam Co-Op Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.