Guideline Value for Maghilambu Street Brindavan Nagar

Maghilambu Street Brindavan Nagar guideline value

The current guideline value of Maghilambu Street Brindavan Nagar is Rs 4,400 per sq.ft. This street is located in Koyakbedu village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Maghilambu Street Brindavan Nagar has changed

The guideline value for Maghilambu Street Brindavan Nagar has seen several revisions over the years. In 2007, the value was Rs 1,500 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, it dropped to Rs 2,680 per sq.ft in 2017, marking a decrease of 33%. From 2017 to 2023, the value surged by 49% to reach Rs 4,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 4,400 per sq.ft, reflecting a 10% increase.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 193%.

Guideline values in Koyakbedu

In Koyakbedu, there are 270 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median value is Rs 4,400 per sq.ft, which is the same as the current guideline value for Maghilambu Street Brindavan Nagar.

• Mahalingam Street: Rs 3,300 per sq.ft (2024)
• Malligai Street Brindavan Nagar: Rs 4,400 per sq.ft (2024)
• L bLOCK (WEST)-4TH AVENUE 171 TO 192,KURUNJI COLONY,MULLAI COLONY,NALANDHA FLATS,SINDU FLATS: Rs 15,900 per sq.ft (2024)
• Lalbhahadur Sastry Street: Rs 3,300 per sq.ft (2024)
• Lalbhahadur Sastry Colony: Rs 3,300 per sq.ft (2024)
• Mangammal Colony: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Maghilambu Street Brindavan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator to estimate these costs for your property transaction.

Which Sub Registrar Office covers Maghilambu Street Brindavan Nagar?

Maghilambu Street Brindavan Nagar is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Koyakbedu, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded accurately.

It is important to note that the guideline value is set by the government and is revised periodically based on various factors. Buyers and sellers should 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 Maghilambu Street Brindavan Nagar?

The current guideline value of Maghilambu Street Brindavan Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, with several revisions in between, including a drop in value from 2012 to 2017.

What is the land classification for Maghilambu Street Brindavan Nagar?

Maghilambu Street Brindavan Nagar is classified as Residential Class I Type - II, which indicates its suitability for residential purposes.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Maghilambu Street Brindavan Nagar is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Koyakbedu?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at 7%.