Guideline Value for Suriya Gandhi Street, Brindavan Nagar

Suriya Gandhi Street, Brindavan Nagar guideline value

The current guideline value of Suriya Gandhi 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 Suriya Gandhi Street, Brindavan Nagar has changed

The guideline value for Suriya Gandhi Street has undergone several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 4,000 per sq.ft. This was followed by a decrease to Rs 2,680 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back up to Rs 4,000 per sq.ft. In the most recent revision in 2024, the guideline value rose by 10% to Rs 4,400 per sq.ft.

It is important to note that there are no recorded figures for Suriya Gandhi Street in the revisions from 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Koyakbedu

Koyakbedu village has a total of 270 streets under the AnnaNagar SRO, with the 2024 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 the same as the current value for Suriya Gandhi Street.

• Sundara Vinayagar Street: Rs 4,900 per sq.ft (2024)
• Sundaram Street: Rs 3,300 per sq.ft (2024)
• Thamarai Street Brindavan Nagar: Rs 4,400 per sq.ft (2024)
• Thillaiyadi Valliyammai Nagar: Rs 4,400 per sq.ft (2024)
• Thirumular Street: Rs 3,300 per sq.ft (2024)
• Srinivasa Nagar Main Road: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Suriya Gandhi 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 would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. Together, the total amount for stamp duty and registration fee would be Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Suriya Gandhi Street, Brindavan Nagar?

The Sub Registrar Office that covers Suriya Gandhi Street, Brindavan Nagar is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 plays a crucial role during the registration of property transactions in Koyakbedu. It serves as a benchmark for assessing the stamp duty and registration fees that need to be paid. Buyers and sellers must be aware of the guideline value to ensure compliance with the legal requirements during the sale process.

When a property is bought or sold, the guideline value is used to determine the applicable stamp duty, which is calculated as a percentage of the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Suriya Gandhi Street, Brindavan Nagar?

The current guideline value of Suriya Gandhi 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 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then back to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What is the land classification for Suriya Gandhi Street?

The land classification for Suriya Gandhi Street, Brindavan Nagar is Residential Class I Type - II.

Which Sub Registrar Office covers this area?

The AnnaNagar Sub Registrar Office covers Suriya Gandhi Street, Brindavan Nagar, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Koyakbedu?

Stamp duty for properties in Koyakbedu is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.