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Guideline Value

Corporate

Guideline Value for Mahalakshmi Nagar 15th Street, Brindhavan Nagar

₹4400/sq.ft.

The guideline value for Mahalakshmi Nagar 15th 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 N/A
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 15th Street, Brindhavan Nagar

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Mahalakshmi Nagar 15th Street, Brindhavan Nagar guideline value

The current guideline value for Mahalakshmi Nagar 15th 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 15th Street, Brindhavan Nagar has changed

The guideline value register has no figures for Mahalakshmi Nagar 15th Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which sets the guideline value at Rs 4,400 per sq.ft.

As there have been no figures recorded for this street in the previous years, the 2024 revision represents the first official guideline value established for Mahalakshmi Nagar 15th Street, Brindhavan Nagar.

Guideline values in Velachery

In Velachery, there are a total of 2,691 streets under the Velacheri SRO that carry a guideline value for 2024, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, which is equal to the guideline value of Mahalakshmi Nagar 15th Street.

Stamp duty and registration fee for property in Mahalakshmi Nagar 15th 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 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 charges to Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mahalakshmi Nagar 15th Street, Brindhavan Nagar?

The Mahalakshmi Nagar 15th 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 is a critical factor when registering property transactions in Velachery. It serves as a benchmark for determining the amount of stamp duty and registration fees payable during the property registration process.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is essential for both buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration.

Frequently asked questions

What is the current guideline value for Mahalakshmi Nagar 15th Street?

The current guideline value for Mahalakshmi Nagar 15th Street, Brindhavan Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024.

What is the land classification for Mahalakshmi Nagar 15th Street?

The land classification for Mahalakshmi Nagar 15th Street is Residential Class II Type - II.

Are there any previous guideline values for this street?

The guideline value register has no figures for Mahalakshmi Nagar 15th Street for the years 2002, 2003, 2007, 2012, 2017, and 2023.

Where is the Velacheri Sub Registrar Office located?

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

How is the stamp duty calculated for properties in Mahalakshmi Nagar 15th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 3,08,000.