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Guideline Value

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Guideline Value for N.N.G.O. Colony 4th Main Road, Brindavan Nagar

₹4400/sq.ft.

The guideline value for N.n.g.o. Colony 4th 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 ₹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 N.n.g.o. Colony 4th Main Road, Brindavan Nagar

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N.N.G.O. Colony 4th Main Road, Brindavan Nagar guideline value

The current guideline value of N.N.G.O. Colony 4th Main Road, Brindavan Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is located in Velachery village and falls under the Velacheri SRO. The land classification for this street is Residential Class II Type - II.

How the guideline value of N.N.G.O. Colony 4th Main Road, Brindavan Nagar has changed

The guideline value for N.N.G.O. Colony 4th Main Road has seen several revisions over the years. The 2017 revision set the value at Rs 2,680 per sq.ft. This was followed by a significant increase in the 2023 revision, where the value rose to Rs 4,000 per sq.ft, marking a 49% increase from the previous revision. The most recent 2024 revision has further increased the value to Rs 4,400 per sq.ft, which is a 10% increase from the 2023 figure.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

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 value across these streets is Rs 4,400 per sq.ft, which is the same as the current guideline value for N.N.G.O. Colony 4th Main Road.

Stamp duty and registration fee for property in N.N.G.O. Colony 4th 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 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 fees to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can calculate the applicable fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers N.N.G.O. Colony 4th Main Road, Brindavan Nagar?

The N.N.G.O. Colony 4th Main Road, Brindavan Nagar falls under the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration reflects a fair value based on the prevailing market conditions.

When buying or selling property, the guideline value will influence the stamp duty and registration fees applicable to the transaction. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of N.N.G.O. Colony 4th Main Road?

The current guideline value of N.N.G.O. Colony 4th Main Road 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 increased from Rs 2,680 per sq.ft in 2017 to Rs 4,400 per sq.ft in 2024, representing a total increase of 64% over these years.

What is the stamp duty for property in N.N.G.O. Colony 4th Main Road?

The stamp duty for property in N.N.G.O. Colony 4th Main Road is calculated at 7% of the guideline value or sale price, whichever is higher.

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.

What is the land classification for N.N.G.O. Colony 4th Main Road?

The land classification for N.N.G.O. Colony 4th Main Road is Residential Class II Type - II.