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Guideline Value

Corporate

Guideline Value for Brindhavan Nagar Extn 4th street

₹4400/sq.ft.

The guideline value for Brindhavan Nagar Extn 4th Street 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 ₹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 Extn 4th Street

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Brindhavan Nagar Extn 4th street guideline value

The current guideline value of Brindhavan Nagar Extn 4th street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - II.

How the guideline value of Brindhavan Nagar Extn 4th street has changed

Over the years, the guideline value for Brindhavan Nagar Extn 4th street has seen several revisions. The 2007 revision set the value at Rs 1,800 per sq.ft, which increased to Rs 4,000 per sq.ft in the 2012 revision. However, from 2012 to 2017, there was a decrease of 33%, bringing the value down to Rs 2,680 per sq.ft. The subsequent revision in 2017 raised it significantly to Rs 4,000 per sq.ft in 2023, and the latest revision in 2024 has brought it to Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

The overall change from the 2007 revision to the 2024 revision reflects an increase of 144%. It is important to note that there are no figures available for the years 2002 and 2003 in the register 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 guideline value for Brindhavan Nagar Extn 4th street.

Stamp duty and registration fee for property in Brindhavan Nagar Extn 4th street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Brindhavan Nagar Extn 4th street?

The Sub Registrar Office that covers Brindhavan Nagar Extn 4th 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 information.

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

The guideline value plays a crucial role in property transactions in Velachery. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This ensures that both parties are aware of the financial obligations involved in the transfer of property ownership.

During the registration process, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Brindhavan Nagar Extn 4th street?

The current guideline value of Brindhavan Nagar Extn 4th 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 significantly 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 stamp duty rate for properties in Brindhavan Nagar Extn 4th street?

The stamp duty rate for properties in Brindhavan Nagar Extn 4th street is 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Brindhavan Nagar Extn 4th street?

The Velacheri Sub Registrar Office handles property registrations for Brindhavan Nagar Extn 4th street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

Are there other streets with the same guideline value in Velachery?

Yes, several other streets in Velachery have the same guideline value of Rs 4,400 per sq.ft, including Brindhavan Nagar Extn 1st, 2nd, 3rd, 5th, and 6th streets, as well as Brindhavan Nagar Main Road.