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Guideline Value

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Guideline Value for Brindavan Nagar, N.N.G.O. Colony 5th Main Road,

₹4400/sq.ft.

The guideline value for Brindavan Nagar, N.n.g.o. Colony 5th Main Road, in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. 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 N/A
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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, N.n.g.o. Colony 5th Main Road,

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Brindavan Nagar, N.N.G.O. Colony 5th Main Road, guideline value

The current guideline value for Brindavan Nagar, N.N.G.O. Colony 5th Main Road, is Rs 4,400 per sq.ft, effective from 1 July 2024. This property is located in Velachery village and falls under the Velacheri SRO, classified as Residential Class II Type - II.

How the guideline value of Brindavan Nagar, N.N.G.O. Colony 5th Main Road, has changed

The guideline value for this street has undergone revisions over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 2,680 per sq.ft. In the latest 2024 revision, the guideline value increased to Rs 4,400 per sq.ft, marking a significant change of +64% from the previous figure.

There are no recorded figures for the years 2023, 2012, 2007, 2003, and 2002 for this street. The only figures available are from 2017 and 2024.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, which is the same as the current guideline value for Brindavan Nagar, N.N.G.O. Colony 5th Main Road.

Stamp duty and registration fee for property in Brindavan Nagar, N.N.G.O. Colony 5th Main 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 to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Brindavan Nagar, N.N.G.O. Colony 5th Main Road,?

The Brindavan Nagar, N.N.G.O. Colony 5th Main Road, is covered by 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 details.

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

The guideline value is a crucial factor when registering property in Velachery. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared against the sale price. The registration fees and stamp duty are then calculated based on the higher of the two values, ensuring that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value for Brindavan Nagar, N.N.G.O. Colony 5th Main Road?

The current guideline value for Brindavan Nagar, N.N.G.O. Colony 5th Main Road, is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 2,680 per sq.ft to Rs 4,400 per sq.ft in 2024, which is a change of +64%.

Are there any years without recorded guideline values for this street?

Yes, there are no recorded figures for the years 2023, 2012, 2007, 2003, and 2002 for Brindavan Nagar, N.N.G.O. Colony 5th Main Road.

What is the registration office for this area?

The registration office covering Brindavan Nagar, N.N.G.O. Colony 5th Main Road, is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

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

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% based on the same value.