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Guideline Value

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Guideline Value for N.N.G.O. Colony 1st Main Road, Brindavan Nagar

₹4400/sq.ft.

The guideline value for N.n.g.o. Colony 1st Main Road, Brindavan 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 N.n.g.o. Colony 1st Main Road, Brindavan Nagar

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N.N.G.O. Colony 1st Main Road, Brindavan Nagar guideline value

The current guideline value of N.N.G.O. Colony 1st Main Road, Brindavan 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 N.N.G.O. Colony 1st Main Road, Brindavan Nagar has changed

The guideline value for N.N.G.O. Colony 1st Main Road has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, which reflects a 10% increase from the 2023 revision of Rs 4,000 per sq.ft. Prior to that, the 2012 revision also recorded a value of Rs 4,000 per sq.ft, showing no change from 2012 to 2023. 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. This consistent increase highlights the adjustments made in response to market conditions over the years.

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 guideline value is Rs 4,400 per sq.ft, which is the same as the current value for N.N.G.O. Colony 1st Main Road. Below are the guideline values for other streets in Velachery:

Stamp duty and registration fee for property in N.N.G.O. Colony 1st Main Road, Brindavan 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 to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers N.N.G.O. Colony 1st Main Road, Brindavan Nagar?

The N.N.G.O. Colony 1st Main Road, Brindavan Nagar is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial reference for property transactions in Velachery. It serves as a benchmark for determining the minimum value of properties during registration, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. This value is essential for calculating the stamp duty and registration fees, which are mandatory for property transactions in Tamil Nadu.

Frequently asked questions

What is the current guideline value for N.N.G.O. Colony 1st Main Road?

The current guideline value for N.N.G.O. Colony 1st Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value changed from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase. From 2012 to 2024, there has also been an overall increase of 10%.

What is the land classification for N.N.G.O. Colony 1st Main Road?

The land classification for N.N.G.O. Colony 1st Main Road is Residential Class II Type - II.

Where can I find the Velacheri Sub Registrar Office?

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 N.N.G.O. Colony 1st Main Road?

Stamp duty is calculated at 7% of the guideline value or 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.