Guideline Value for SRI BHRAMASAKTHI TOWN

Sri Bhramasakthi Town guideline value

The current guideline value of Sri Bhramasakthi Town is Rs 1,300 per sq.ft as per the 2023 revision. This area is located in Nalambakkam village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Sri Bhramasakthi Town has changed

Over the years, the guideline value of Sri Bhramasakthi Town has seen significant changes. In the 2012 revision, the guideline value was Rs 700 per sq.ft. This figure then decreased to Rs 469 per sq.ft in the 2017 revision. However, from 2017 to the 2023 revision, the value increased to Rs 1,300 per sq.ft, marking a rise of 177% from the 2017 figure.

When looking at the overall changes from 2012 to 2023, the guideline value increased by 86%. The register does not provide figures for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Nalambakkam

Currently, there are no specific village figures available for Nalambakkam. The guideline value for Sri Bhramasakthi Town stands at Rs 1,300 per sq.ft. There are no other streets in Nalambakkam under the Gooduvancheri SRO listed.

Stamp duty and registration fee for property in Sri Bhramasakthi Town

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 13,00,000. The stamp duty at 7% amounts to Rs 91,000, and the registration fee at 2% is Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the 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 Sri Bhramasakthi Town?

The Sub Registrar Office that covers Sri Bhramasakthi Town is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery - 603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Nalambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the property registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable fees, which are based on either the guideline value or the sale price, whichever is higher. This ensures that the government receives the correct amount of duty and registration fees during the transaction.

Frequently asked questions

What is the current guideline value of Sri Bhramasakthi Town?

The current guideline value of Sri Bhramasakthi Town is Rs 1,300 per sq.ft as per the 2023 revision.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, and then increased to Rs 1,300 per sq.ft in 2023. This represents an overall increase of 86% from 2012 to 2023.

What are the stamp duty and registration fees for property in Sri Bhramasakthi Town?

The stamp duty for property in Sri Bhramasakthi Town is 7%, and the registration fee is 2%. For a property valued at Rs 13,00,000, the total fees would amount to Rs 1,17,000.

Which office handles property registration in Sri Bhramasakthi Town?

The Gooduvancheri Sub Registrar Office handles property registration for Sri Bhramasakthi Town. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery - 603202, Chengalpattu registration zone.

Are there other streets in Nalambakkam with guideline values?

Currently, there are no other streets in Nalambakkam under the Gooduvancheri SRO listed with guideline values.