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Guideline Value for Srinivasa Nagar, Balaiah Garden, Brindavan Street,

₹3850/sq.ft.

The guideline value for Srinivasa Nagar, Balaiah Garden, Brindavan Street, in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
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 Srinivasa Nagar, Balaiah Garden, Brindavan Street,

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Srinivasa Nagar, Balaiah Garden, Brindavan Street, guideline value

The current guideline value for Srinivasa Nagar, Balaiah Garden, Brindavan Street, is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in the Madipakkam-1 village under the Velacheri SRO, classified as Residential Class I Type - I.

How the guideline value of Srinivasa Nagar, Balaiah Garden, Brindavan Street, has changed

According to the guideline value register, the most recent revision in 2024 set the value at Rs 3,850 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 3,500 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, the register does not provide figures for the years mentioned. The 2024 revision reflects a significant update in the guideline values for this area.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO, with guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, indicating that the 2024 figure for Srinivasa Nagar, Balaiah Garden, Brindavan Street, is above this median.

Stamp duty and registration fee for property in Srinivasa Nagar, Balaiah Garden, Brindavan Street,

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, totaling Rs 3,46,500. 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 Srinivasa Nagar, Balaiah Garden, Brindavan Street,?

The Sub Registrar Office covering Srinivasa Nagar, Balaiah Garden, Brindavan Street, is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a crucial factor in the registration process when buying or selling property in Madipakkam-1. It determines the minimum value at which a property can be registered, affecting the stamp duty and registration fees payable.

When a property is sold, the guideline value serves as a reference for the transaction value. Buyers and sellers must consider this value to ensure compliance with registration requirements and to calculate the associated fees accurately.

Frequently asked questions

What is the current guideline value for Srinivasa Nagar, Balaiah Garden, Brindavan Street?

The current guideline value for Srinivasa Nagar, Balaiah Garden, Brindavan Street, is Rs 3,850 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased by 10%, from Rs 3,500 per sq.ft to Rs 3,850 per sq.ft.

What is the registration office for this area?

The registration office for Srinivasa Nagar, Balaiah Garden, Brindavan Street, is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500.

What are the guideline values for other streets in Madipakkam-1?

Other streets in Madipakkam-1 have varying guideline values. For instance, Srinivasa Nagar Bageerathi Nagar, Srinivasa Nagar Balaji Street, and others have a guideline value of Rs 3,850 per sq.ft in 2024.