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Guideline Value

Corporate

Guideline Value for Brindavan Nagar / Lake View Road

₹4400/sq.ft.

The guideline value for Brindavan Nagar / Lake View Road in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Brindavan Nagar / Lake View Road

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Brindavan Nagar / Lake View Road guideline value

The current guideline value of Brindavan Nagar / Lake View Road is Rs 4,400 per sq.ft. This property is located in Velachery village, under the Velacheri SRO, and falls under the Residential Class II Type - II land classification.

How the guideline value of Brindavan Nagar / Lake View Road has changed

Over the years, the guideline value for Brindavan Nagar / Lake View Road has seen several revisions. The 2012 revision recorded a guideline value of Rs 4,000 per sq.ft, which then changed to Rs 2,680 per sq.ft in the 2017 revision, reflecting a decrease of 33%. Following this, the value increased significantly to Rs 4,000 per sq.ft in the 2023 revision, and then to Rs 4,400 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. It's important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. Specifically, from 2017 to 2023, there was a notable increase of 49%. The fluctuations in the guideline value reflect various factors influencing property assessments in the area.

Guideline values in Velachery

In Velachery, there are a total of 2691 streets under the Velacheri SRO, with the 2024 guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, which is equal to the current guideline value for Brindavan Nagar / Lake View Road.

Stamp duty and registration fee for property in Brindavan Nagar / Lake View Road

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, bringing the total charges to Rs 3,96,000. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Brindavan Nagar / Lake View Road?

The Brindavan Nagar / Lake View Road is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Velachery. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the correct amount is collected by the authorities.

Frequently asked questions

What is the current guideline value of Brindavan Nagar / Lake View Road?

The current guideline value of Brindavan Nagar / Lake View Road 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 Brindavan Nagar / Lake View Road?

Brindavan Nagar / Lake View Road is classified as Residential Class II Type - II.

Where can I find the Velacheri Sub Registrar Office?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is stamp duty calculated for properties in Velachery?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at Rs 4,400 per sq.ft would incur a total guideline value of Rs 44,00,000, leading to specific stamp duty and registration fees.