Guideline Value for Sri Brahma Sakthi Nagar

Sri Brahma Sakthi Nagar guideline value

The current guideline value of Sri Brahma Sakthi Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Agaramthen village and falls under the Tambaram Joint 1 SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Sri Brahma Sakthi Nagar has changed

The guideline value for Sri Brahma Sakthi Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft. In the 2017 revision, it decreased to Rs 268 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 400 per sq.ft in the 2023 revision, and further rose to Rs 440 per sq.ft in the 2024 revision, reflecting a 10% increase.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Agaramthen

Agaramthen village has a total of 125 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 3,700 per sq.ft. The median value in this village is Rs 830 per sq.ft, placing Sri Brahma Sakthi Nagar's 2024 figure below that median.

• Sri Kannan Avenue: Rs 1,320 per sq.ft (2024)
• Sri Narasimma Nagar: Rs 3,300 per sq.ft (2024)
• Sri Venugopal Nagar: Rs 990 per sq.ft (2024)
• School Street: Rs 990 per sq.ft (2024)
• Sathiyavani Muthu Street: Rs 830 per sq.ft (2024)
• Subiksham Avenue: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Brahma Sakthi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Brahma Sakthi Nagar?

The Sub Registrar Office that covers Sri Brahma Sakthi Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Agaramthen. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction.

Frequently asked questions

What is the current guideline value of Sri Brahma Sakthi Nagar?

The current guideline value of Sri Brahma Sakthi Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification for Sri Brahma Sakthi Nagar?

Sri Brahma Sakthi Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Sri Brahma Sakthi Nagar?

For a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800, and the registration fee would be Rs 8,800, totaling Rs 39,600.

Which office handles registrations for Sri Brahma Sakthi Nagar?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Sri Brahma Sakthi Nagar, located at No.26, Mes Road, East Tambaram, Chennai-600059.