Guideline Value for SRI BRINDHA AVENUE

Sri Brindha Avenue guideline value

The current guideline value of Sri Brindha Avenue in Karanaipuducheri village is Rs 1,000 per sq.ft, effective from 1 July 2024. This street falls under the Gooduvancheri Sub Registrar Office (SRO) and is classified as Residential Special Type - III.

How the guideline value of Sri Brindha Avenue has changed

In the 2017 revision, the guideline value was Rs 670 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 1,000 per sq.ft. The current 2024 revision continues this trend with a guideline value of Rs 1,000 per sq.ft, indicating no change from the previous year. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, there has been a 49% increase in the guideline value, maintaining the current rate at Rs 1,000 per sq.ft.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,239 per sq.ft. The median guideline value for these streets is Rs 802 per sq.ft, positioning Sri Brindha Avenue's 2024 figure above the median.

• Sri Bhavani Amman Nagar Extension -I: Rs 1,500 per sq.ft (2024)
• Sri Bhavani Amman Nagar: Rs 1,100 per sq.ft (2024)
• Sri Balaji Nagar-II: Rs 1,000 per sq.ft (2024)
• Sri Balaji Nagar-I: Rs 1,000 per sq.ft (2024)
• Sri Baba Nagar: Rs 701 per sq.ft (2024)
• Sri Gomathi Nagar: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Brindha Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total charges to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Brindha Avenue?

Sri Brindha Avenue is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during property registration in Karanaipuducheri. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these charges are based on the official valuation rather than the negotiated sale price.

When buying or selling property, the guideline value helps in establishing a fair transaction price, which is essential for both buyers and sellers. It is advisable to be aware of the current guideline value to ensure compliance with local regulations and to avoid any potential discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Brindha Avenue?

The current guideline value of Sri Brindha Avenue is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,000 per sq.ft since the 2023 revision. It increased from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, marking a 49% increase overall from 2017 to 2024.

What is the land classification of Sri Brindha Avenue?

Sri Brindha Avenue is classified as Residential Special Type - III, which indicates its intended use for residential purposes within the locality.

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, Chengalpattu registration zone.

How is stamp duty calculated for properties in Sri Brindha Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 10,00,000, leading to stamp duty charges of Rs 70,000.