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Guideline Value

Corporate

Guideline Value for Mahalakshmi Nagar 13th Street, Brindhavan Nagar

₹4400/sq.ft.

The guideline value for Mahalakshmi Nagar 13th 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 13th Street, Brindhavan Nagar

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Mahalakshmi Nagar 13th Street, Brindhavan Nagar guideline value

The current guideline value of Mahalakshmi Nagar 13th 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, with a land classification of Residential Class II Type - II.

How the guideline value of Mahalakshmi Nagar 13th Street, Brindhavan Nagar has changed

In the 2017 revision, the guideline value was Rs 2,680 per sq.ft. This was a significant increase from the previous revisions, with no figures available for the years 2023, 2012, 2007, 2003, and 2002. The current 2024 revision shows a guideline value of Rs 4,400 per sq.ft, reflecting a change of +64% from the 2017 figure.

As of the 2024 revision, the guideline value for Mahalakshmi Nagar 13th Street is equal to the median value of Rs 4,400 per sq.ft for the 2,691 streets in Velachery under the Velacheri SRO.

Guideline values in Velachery

In Velachery, the guideline values range from Rs 3,300 to Rs 13,200 per sq.ft as of 2024, with a median value of Rs 4,400 per sq.ft. Mahalakshmi Nagar 13th Street, Brindhavan Nagar's guideline value aligns with this median.

Stamp duty and registration fee for property in Mahalakshmi Nagar 13th 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, bringing the total to Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mahalakshmi Nagar 13th Street, Brindhavan Nagar?

The Mahalakshmi Nagar 13th Street, Brindhavan Nagar 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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Velachery. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two values is used to calculate the applicable duties and fees. This ensures that the registration process reflects the true value of the property being transacted.

Frequently asked questions

What is the current guideline value for Mahalakshmi Nagar 13th Street, Brindhavan Nagar?

The current guideline value for Mahalakshmi Nagar 13th Street, 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 increased from Rs 2,680 per sq.ft in 2017 to Rs 4,400 per sq.ft in 2024, marking a +64% change. There are no figures available for the years 2023, 2012, 2007, 2003, and 2002.

What is the land classification for this street?

Mahalakshmi Nagar 13th Street, Brindhavan Nagar is classified as Residential Class II Type - II. This classification influences the guideline value assigned to the property.

What is the registration office for Mahalakshmi Nagar 13th Street?

The registration office for Mahalakshmi Nagar 13th 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 this area?

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