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Guideline Value

Corporate

Guideline Value for Brindhavan Nagar 3rd street

₹4400/sq.ft.

The guideline value for Brindhavan Nagar 3rd Street 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 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1800 /sq.ft.
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 Brindhavan Nagar 3rd Street

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Brindhavan Nagar 3rd street guideline value

The current guideline value of Brindhavan Nagar 3rd street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Brindhavan Nagar 3rd street has changed

The guideline value for Brindhavan Nagar 3rd street has undergone several revisions over the years. In 2007, the guideline value was Rs 1,800 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012, marking a significant rise of 122%. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, a drop of 33%. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, representing a 64% increase from the 2017 figure.

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

Guideline values in Velachery

In Velachery, there are a total of 2,691 streets under the Velacheri SRO that carry a 2024 guideline value. The values range from Rs 3,300 to Rs 13,200 per sq.ft, with the median being Rs 4,400 per sq.ft. Brindhavan Nagar 3rd street's 2024 guideline value aligns with this median.

Stamp duty and registration fee for property in Brindhavan Nagar 3rd street

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 and the sale price.

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

Which Sub Registrar Office covers Brindhavan Nagar 3rd street?

The Sub Registrar Office that covers Brindhavan Nagar 3rd street 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 is a crucial factor in the registration process when buying or selling property in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property transaction occurs, the guideline value is assessed to calculate the applicable duties. Buyers and sellers must be aware that the higher value between the guideline value and the actual sale price will be used for calculating the stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Brindhavan Nagar 3rd street?

The current guideline value of Brindhavan Nagar 3rd street 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, showing an overall increase of 144% over the years.

What is the land classification for Brindhavan Nagar 3rd street?

The land classification for Brindhavan Nagar 3rd street is Residential Class II Type - II.

What are the stamp duty and registration fees for a property in Brindhavan Nagar 3rd street?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office covers Brindhavan Nagar 3rd street?

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