Guideline Value for Telugu Brahmin Street

Telugu Brahmin Street guideline value

The current guideline value of Telugu Brahmin Street is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Telugu Brahmin Street has changed

The guideline value of Telugu Brahmin Street has seen significant changes over the years. In the 2007 revision, the value was Rs 1,800 per sq.ft. This increased to Rs 3,015 per sq.ft in the 2017 revision, marking a change of +68%. The most recent revision in 2024 set the value at Rs 4,950 per sq.ft, reflecting an increase of +64% from 2017. Overall, from 2007 to 2024, the guideline value has risen by +175%.

It is important to note that the register has no figures for the years 2023, 2012, 2003, and 2002 for this street.

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 for these streets is Rs 4,400 per sq.ft, placing Telugu Brahmin Street's 2024 value above that median.

• Telephone Colony Street, Periyar Nagar: Rs 3,850 per sq.ft (2024)
• Telephone Colony Main Road: Rs 3,850 per sq.ft (2024)
• Telephone Colony, Ganesh Nagar 2nd Cross Street: Rs 3,850 per sq.ft (2024)
• Telephone Colony 3rd Street: Rs 3,850 per sq.ft (2024)
• Telephone Colony 2nd Street: Rs 3,850 per sq.ft (2024)
• Telephone Colony 2nd Main Road: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Telugu Brahmin Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value would be Rs 49,50,000. The stamp duty at 7% would amount to Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, bringing the total fees to Rs 4,45,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Telugu Brahmin Street?

The Sub Registrar Office covering Telugu Brahmin 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 more information.

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 is used to determine the stamp duty and registration fees when buying or selling property. The guideline value ensures that the property is assessed at a fair rate for taxation purposes.

During the registration process, the guideline value serves as the baseline for calculating the applicable fees. Buyers and sellers must be aware of this value to ensure compliance with local regulations and to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Telugu Brahmin Street?

The current guideline value of Telugu Brahmin Street is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2007 to Rs 3,015 per sq.ft in 2017, and then to Rs 4,950 per sq.ft in 2024. This represents an overall increase of +175% from 2007 to 2024.

What is the land classification for Telugu Brahmin Street?

The land classification for Telugu Brahmin Street is Residential Class II Type - I.

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 do I calculate stamp duty and registration fees?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 4,950 per sq.ft, the total guideline value would be Rs 49,50,000, leading to specific fees for stamp duty and registration.