Guideline Value for Srinivasa Nagar Brindavan Street

Srinivasa Nagar Brindavan Street guideline value

The current guideline value of Srinivasa Nagar Brindavan Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village, under the Velacheri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Srinivasa Nagar Brindavan Street has changed

The guideline value register for Srinivasa Nagar Brindavan Street shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The current figure from the 2024 revision is Rs 3,850 per sq.ft.

As per the 2024 revision, there have been no changes in the guideline value for this street compared to previous years, as the register has no figures for those years.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO with a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value in this village is Rs 2,750 per sq.ft, and Srinivasa Nagar Brindavan Street's 2024 figure is above this median.

• Srinivasa Nagar Brindavan 4th Cross Street: Rs 3,850 per sq.ft (2024)
• Srinivasa Nagar Balaji Street: Rs 3,850 per sq.ft (2024)
• Srinivasa Nagar Extension: Rs 3,850 per sq.ft (2024)
• Srinivasa Nagar, Balaiah Gardern: Rs 3,850 per sq.ft (2024)
• Srinivasa Nagar, Balaiah Garden, Brindavan Street: Rs 3,850 per sq.ft (2024)
• Srinivasa Nagar Bageerathi Nagar: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Srinivasa Nagar Brindavan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, resulting in a total of Rs 3,46,500. It is important to note that 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 Srinivasa Nagar Brindavan Street?

The Sub Registrar Office that covers Srinivasa Nagar Brindavan Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madipakkam-1

When buying or selling property in Madipakkam-1, the guideline value plays a crucial role in determining the registration fees and stamp duty. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is recorded accurately.

It is essential for buyers and sellers to be aware of the guideline value, as it directly impacts the costs associated with the registration process. Understanding this value can help in making informed decisions during property transactions.

Frequently asked questions

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

The current guideline value of Srinivasa Nagar Brindavan Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

When was the last revision of the guideline value?

The last revision of the guideline value for Srinivasa Nagar Brindavan Street was in 2024, where it was set at Rs 3,850 per sq.ft.

What are the other streets in Madipakkam-1 with the same guideline value?

Other streets in Madipakkam-1 that share the same guideline value of Rs 3,850 per sq.ft include Srinivasa Nagar Brindavan 4th Cross Street, Srinivasa Nagar Balaji Street, Srinivasa Nagar Extension, Srinivasa Nagar, Balaiah Gardern, Srinivasa Nagar, Balaiah Garden, Brindavan Street, and Srinivasa Nagar Bageerathi Nagar.

How is the stamp duty calculated for properties in this area?

Stamp duty for properties in Srinivasa Nagar Brindavan Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the guideline value.

Where can I find more information about the Velacheri Sub Registrar Office?

You can find more information about the Velacheri Sub Registrar Office, including its address and contact details, by visiting the official website or by using the find your SRO link.