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Guideline Value

Corporate

Guideline Value for Mahalakshmi Nagar 3rd Street, Brindhavan Nagar

₹4400/sq.ft.

The guideline value for Mahalakshmi Nagar 3rd Street, Brindhavan Nagar 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 N/A
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
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 3rd Street, Brindhavan Nagar

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Mahalakshmi Nagar 3rd Street, Brindhavan Nagar guideline value

The current guideline value for Mahalakshmi Nagar 3rd Street, Brindhavan Nagar 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 Mahalakshmi Nagar 3rd Street, Brindhavan Nagar has changed

In the 2012 revision, the guideline value was Rs 4,000 per sq.ft, which remained unchanged until the 2023 revision. The 2023 revision saw an increase to Rs 4,000 per sq.ft, and then a further increase of 10% brought the current value to Rs 4,400 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value. The 2024 figure of Rs 4,400 per sq.ft aligns with the median guideline 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, with the median being Rs 4,400 per sq.ft. Mahalakshmi Nagar 3rd Street's 2024 figure matches this median.

Stamp duty and registration fee for property in Mahalakshmi Nagar 3rd Street, Brindhavan Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, totaling Rs 3,96,000. Duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mahalakshmi Nagar 3rd Street, Brindhavan Nagar?

The Mahalakshmi Nagar 3rd 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 in the registration process of property transactions in Velachery. It is used to determine the stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall cost of the transaction. Buyers should ensure they understand how these values influence their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value for Mahalakshmi Nagar 3rd Street?

The current guideline value for Mahalakshmi 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 seen a 10% increase from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024. There was no change from 2012 to 2023, and the overall increase from 2012 to 2024 is 10%.

Which Sub Registrar Office covers this street?

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

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot at the current guideline value of Rs 44,00,000, the stamp duty is Rs 3,08,000 and the registration fee is Rs 88,000, totaling Rs 3,96,000.

What is the land classification for Mahalakshmi Nagar 3rd Street?

Mahalakshmi Nagar 3rd Street is classified as Residential Class II Type - II.