Guideline Value for Brindhavan Nagar : -

Brindhavan Nagar : - guideline value

The current guideline value for Brindhavan Nagar : - is Rs 4,400 per sq.ft, effective from 1 July 2024. This street 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 Brindhavan Nagar : - has changed

The guideline value for Brindhavan Nagar has seen several revisions over the years. In 2007, the value was Rs 1,800 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a 122% rise. However, it then dropped to Rs 2,680 per sq.ft in 2017, reflecting a decrease of 33%. As of the 2024 revision, the guideline value stands at Rs 4,400 per sq.ft, representing a substantial increase of 64% from the 2017 figure.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 144%. It is important to note that the register has no figures for the years 2023, 2003, and 2002 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, which is the same as the current guideline value for Brindhavan Nagar.

• Brindhavan Nagar 1st street: Rs 4,400 per sq.ft (2024)
• Brindhavan Colony: Rs 4,400 per sq.ft (2024)
• Brindhavan Nagar 2nd street: Rs 4,400 per sq.ft (2024)
• Brindhavan Nagar 3rd street: Rs 4,400 per sq.ft (2024)
• Brindhavan Nagar 4th Cross street: Rs 4,400 per sq.ft (2024)
• Brindhavan Nagar 4th street: Rs 4,400 per sq.ft (2024)

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

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Brindhavan Nagar : -?

The Sub Registrar Office that covers Brindhavan Nagar 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 details.

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

The guideline value plays a crucial role during property transactions in Velachery. It is used to determine the stamp duty and registration fees that must be paid when registering a property. Buyers and sellers must be aware of the guideline value as it impacts the overall cost involved in the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the prevailing market standards set by the government.

Frequently asked questions

What is the current guideline value of Brindhavan Nagar?

The current guideline value of Brindhavan 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 1,800 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 144%.

What is the land classification for Brindhavan Nagar?

Brindhavan Nagar is classified as Residential Class II Type - II.

Where can I find the Sub Registrar Office for Brindhavan Nagar?

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

How is stamp duty calculated for properties in Brindhavan Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at 7%.