Guideline Value for Samanthi Street Brindavan Nagar

Samanthi Street Brindavan Nagar guideline value

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

The guideline value for Samanthi Street Brindavan Nagar has undergone several revisions over the years. In the 2007 revision, the value was Rs 1,500 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in the 2012 revision. However, it decreased to Rs 2,680 per sq.ft in the 2017 revision. From 2017 to 2023, the value saw a substantial increase to Rs 4,000 per sq.ft, and in the most recent 2024 revision, it rose to Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

To summarize the changes, the guideline value increased from Rs 1,500 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 193%. The revisions from 2012 to 2017 saw a decrease of 33%, while the jump from 2017 to 2023 was a notable 49%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Koyakbedu

Koyakbedu village has a total of 270 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, which is equal to the current value of Samanthi Street Brindavan Nagar.

• Sangeetha Garden: Rs 3,300 per sq.ft (2024)
• Sangith Garden: Rs 3,300 per sq.ft (2024)
• Sai Nagar Medu: Rs 3,300 per sq.ft (2024)
• Sai Nagar Annexe, 4th Cross Street: Rs 4,400 per sq.ft (2024)
• Sai Nagar Annexe, 3rd Cross Street: Rs 4,400 per sq.ft (2024)
• Sai Nagar Annexe, 2nd Cross Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Samanthi 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, totaling Rs 3,96,000. Please note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Samanthi Street Brindavan Nagar?

The Sub Registrar Office that covers Samanthi Street Brindavan Nagar is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the 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 the registration process when buying or selling property in Koyakbedu. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is recorded at a value recognized by the government.

When a property is sold, the guideline value helps determine the minimum value on which the stamp duty is calculated. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Samanthi Street Brindavan Nagar?

The current guideline value of Samanthi 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, reflecting an overall increase of 193% over the years.

What is the land classification for Samanthi Street Brindavan Nagar?

The land classification for Samanthi Street Brindavan Nagar is Residential Class I Type - II.

Where is the Sub Registrar Office located for this area?

The Sub Registrar Office for Samanthi Street Brindavan Nagar is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How do I calculate the stamp duty for property in Samanthi Street Brindavan Nagar?

To calculate the stamp duty, you can use the guideline value of Rs 4,400 per sq.ft. For example, for a 1,000 sq.ft plot, the total guideline value is Rs 44,00,000, with a stamp duty of Rs 3,08,000 at 7%.