Guideline Value for Thamarai Street Brindavan Nagar

Thamarai Street Brindavan Nagar guideline value

The current guideline value of Thamarai Street in Brindavan Nagar, Koyakbedu village, is Rs 4,400 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class I Type - II land classification and is registered with the AnnaNagar SRO.

How the guideline value of Thamarai Street Brindavan Nagar has changed

Looking at the historical revisions, the guideline value for Thamarai Street Brindavan Nagar has seen several changes. In 2007, the value was Rs 1,500 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 167%. However, by 2017, the value decreased to Rs 2,680 per sq.ft, a drop of 33%. The guideline value then rose to Rs 4,000 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 4,400 per sq.ft, an increase of 10% from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 193%.

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 value is Rs 4,400 per sq.ft, which is the same as the current guideline value for Thamarai Street Brindavan Nagar.

• Suriya Gandhi Street, Brindavan Nagar: Rs 4,400 per sq.ft (2024)
• Thillaiyadi Valliyammai Nagar: Rs 4,400 per sq.ft (2024)
• Sundara Vinayagar Street: Rs 4,900 per sq.ft (2024)
• Sundaram Street: Rs 3,300 per sq.ft (2024)
• Thirumular Street: Rs 3,300 per sq.ft (2024)
• Thiruvalluvar Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thamarai 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, making the total cost for these fees Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thamarai Street Brindavan Nagar?

The Sub Registrar Office that covers Thamarai 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 online.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Koyakbedu. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately with the local authorities.

When a property is sold, the guideline value serves as a reference point for both the buyer and seller, helping to establish a fair price for the transaction. It is essential for buyers to be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

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

The current guideline value of Thamarai Street in 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 significantly over the years, starting from Rs 1,500 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024. The most notable increase occurred from 2012 to 2017, where it dropped to Rs 2,680 per sq.ft, but then rose again to Rs 4,000 per sq.ft in 2023.

What is the land classification for Thamarai Street Brindavan Nagar?

Thamarai Street Brindavan Nagar falls under the Residential Class I Type - II land classification, indicating its suitability for residential purposes.

What are the stamp duty rates for properties in Koyakbedu?

The stamp duty for properties in Koyakbedu is charged at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% of the guideline value.

Where is the Sub Registrar Office for Thamarai Street Brindavan Nagar located?

The Sub Registrar Office for Thamarai Street Brindavan Nagar is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. This office handles all property registrations for the area.