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Guideline Value

Corporate

Guideline Value for INDIRA GANDHI NAGAR 6TH STREET

₹3800/sq.ft.

The guideline value for Indira Gandhi Nagar 6th Street in Vadaagaram village (Kodambakkam SRO, Chennai zone) is Rs 3800 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vadaagaram

Village

Kodambakkam

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹3800 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹750 /sq.ft.
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)

2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.
044-24843265
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Indira Gandhi Nagar 6th Street

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Indira Gandhi Nagar 6th Street guideline value

The current guideline value of Indira Gandhi Nagar 6th Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Vadaagaram village, under the Kodambakkam SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Indira Gandhi Nagar 6th Street has changed

Over the years, the guideline value of Indira Gandhi Nagar 6th Street has seen several revisions. Starting from the 2007 revision, the value was Rs 750 per sq.ft. It then increased significantly to Rs 3,500 per sq.ft in 2012, marking a 367% rise. However, the value decreased to Rs 2,345 per sq.ft in 2017, reflecting a 33% drop. The subsequent revision in 2023 saw an increase to Rs 3,500 per sq.ft, which was a 49% rise from the previous figure. The latest revision in 2024 has set the guideline value at Rs 3,800 per sq.ft, indicating a 9% increase from the 2023 figure.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 407%.

Guideline values in Vadaagaram

In Vadaagaram, there are 78 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value in this village is Rs 6,600 per sq.ft, which means that the 2024 figure for Indira Gandhi Nagar 6th Street is below this median.

Stamp duty and registration fee for property in Indira Gandhi Nagar 6th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total charges to Rs 3,42,000. 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 Indira Gandhi Nagar 6th Street?

The Sub Registrar Office that covers Indira Gandhi Nagar 6th Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Vadaagaram, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal documentation.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration laws and to avoid any legal issues during the property transaction process.

Frequently asked questions

What is the current guideline value of Indira Gandhi Nagar 6th Street?

The current guideline value of Indira Gandhi Nagar 6th Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 407% over the years.

What is the land classification of Indira Gandhi Nagar 6th Street?

Indira Gandhi Nagar 6th Street is classified as Residential Class IV Type - II, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for this area?

The Kodambakkam Sub Registrar Office, which covers Indira Gandhi Nagar 6th Street, is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 38,00,000 would incur a stamp duty of Rs 2,66,000 at 7%.