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Guideline Value

Corporate

Guideline Value for Mahalakshmi Nagar 12th Street, Brindhavan Nagar

₹4400/sq.ft.

The guideline value for Mahalakshmi Nagar 12th Street, Brindhavan Nagar 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 Mahalakshmi Nagar 12th Street, Brindhavan Nagar

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Mahalakshmi Nagar 12th Street, Brindhavan Nagar guideline value

The current guideline value of Mahalakshmi Nagar 12th Street, Brindhavan Nagar 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 Mahalakshmi Nagar 12th Street, Brindhavan Nagar has changed

The guideline value for Mahalakshmi Nagar 12th Street, Brindhavan Nagar has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 2,680 per sq.ft, which was a notable increase from the previous revisions, although the register has no figures for the years 2002, 2003, 2007, 2012, and 2023. The most recent revision in 2024 shows a guideline value of Rs 4,400 per sq.ft, marking a 64% increase from the 2017 figure.

This increase reflects the current median guideline value for residential properties in Velachery. The 2024 figure of Rs 4,400 per sq.ft aligns with the median value for the 2,691 streets under the Velacheri SRO, which range from Rs 3,300 to Rs 13,200 per sq.ft.

Guideline values in Velachery

In Velachery, the guideline values vary significantly across different streets. The current guideline value for Mahalakshmi Nagar 12th Street, Brindhavan Nagar is Rs 4,400 per sq.ft, which is equal to the median value for the area.

Stamp duty and registration fee for property in Mahalakshmi Nagar 12th Street, 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, resulting in a total of 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mahalakshmi Nagar 12th Street, Brindhavan Nagar?

The Sub Registrar Office that covers Mahalakshmi Nagar 12th Street, 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 information.

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 reference point for determining the stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

When a property is registered, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Mahalakshmi Nagar 12th Street?

The current guideline value of Mahalakshmi Nagar 12th Street, Brindhavan Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much did the guideline value change from 2017 to 2024?

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

What is the land classification for Mahalakshmi Nagar 12th Street?

The land classification for Mahalakshmi Nagar 12th Street, Brindhavan Nagar is Residential Class II Type - II.

Where can I find the Sub Registrar Office for Mahalakshmi Nagar 12th Street?

The Sub Registrar Office for Mahalakshmi Nagar 12th Street 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 Mahalakshmi Nagar 12th Street?

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