Guideline Value for S.M. BRINDAVANAM NAGAR PHASE- II

S.M. Brindavanam Nagar Phase- II guideline value

The current guideline value of S.M. Brindavanam Nagar Phase- II is Rs 2,000 per sq.ft. This property is located in Unamancheri village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - IV.

How the guideline value of S.M. Brindavanam Nagar Phase- II has changed

The guideline value for S.M. Brindavanam Nagar Phase- II has remained consistent over the years. The 2017 revision recorded a guideline value of Rs 2,000 per sq.ft, which was unchanged in the subsequent 2023 revision, also at Rs 2,000 per sq.ft. There are no figures available for the revisions in 2024, 2012, 2007, 2003, and 2002 for this street.

From the 2017 revision to the 2023 revision, there was no percentage change, indicating stability in the guideline value. The register reflects that the guideline value has not fluctuated during these periods, remaining at Rs 2,000 per sq.ft since 2017.

Guideline values in Unamancheri

Currently, the guideline value for S.M. Brindavanam Nagar Phase- II is Rs 2,000 per sq.ft. Unfortunately, there are no other specific guideline values available for other streets in Unamancheri under the Gooduvancheri SRO.

Stamp duty and registration fee for property in S.M. Brindavanam Nagar Phase- II

For a 1,000 sq.ft plot at the current rate of Rs 2,000 per sq.ft, the guideline value amounts to Rs 20,00,000. The stamp duty is calculated at 7%, resulting in Rs 1,40,000, while the registration fee is set at 2%, totaling Rs 40,000. Therefore, the total cost for stamp duty and registration fees would be Rs 1,80,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers S.M. Brindavanam Nagar Phase- II?

The S.M. Brindavanam Nagar Phase- II is covered by the Gooduvancheri Sub Registrar Office. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Unamancheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property transaction occurs, the higher amount between the guideline value and the sale price is considered for calculating the applicable duties and fees. This ensures that the government receives the correct revenue based on the property's value during the transaction.

Frequently asked questions

What is the current guideline value of S.M. Brindavanam Nagar Phase- II?

The current guideline value of S.M. Brindavanam Nagar Phase- II is Rs 2,000 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value for S.M. Brindavanam Nagar Phase- II has remained stable at Rs 2,000 per sq.ft since the 2017 revision, with no changes noted in the 2023 revision.

What is the stamp duty rate for properties in S.M. Brindavanam Nagar Phase- II?

The stamp duty rate for properties in S.M. Brindavanam Nagar Phase- II is 7% of the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, in the Chengalpattu registration zone.

How is the registration fee calculated for properties in S.M. Brindavanam Nagar Phase- II?

The registration fee for properties in S.M. Brindavanam Nagar Phase- II is calculated at 2% of the guideline value or the sale price, whichever is higher, in addition to the stamp duty.