Guideline Value

Corporate

Guideline Value for INDIRA GANDHI 2nd STREET

₹2200/sq.ft.

The guideline value for Indira Gandhi 2nd Street in Karapakkam village (Neelankarai SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 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

Karapakkam

Village

Neelankarai

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /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)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[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 Indira Gandhi 2nd Street

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INDIRA GANDHI 2nd STREET guideline value

The current guideline value of INDIRA GANDHI 2nd STREET is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Karapakkam village under the Neelankarai SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of INDIRA GANDHI 2nd STREET has changed

Over the years, the guideline value for INDIRA GANDHI 2nd STREET has seen several revisions. The 2012 revision set the value at Rs 2,000 per sq.ft, which was a decrease of 33% from the 2017 figure of Rs 1,340 per sq.ft. The value remained at Rs 2,000 per sq.ft until the 2023 revision, which increased it to Rs 2,000 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 2,200 per sq.ft, marking a 10% rise from the previous year.

From 2017 to 2023, the guideline value increased by 49%, reflecting significant changes in the property landscape. Overall, from 2012 to 2024, the guideline value for this street has seen a 10% increase, indicating a shift in the valuation over the years.

Guideline values in Karapakkam

In Karapakkam, there are 185 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 10,700 per sq.ft. The median guideline value for these streets is Rs 1,700 per sq.ft, placing INDIRA GANDHI 2nd STREET's 2024 figure above the median.

Stamp duty and registration fee for property in INDIRA GANDHI 2nd STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more specific calculations.

Which Sub Registrar Office covers INDIRA GANDHI 2nd STREET?

The Sub Registrar Office covering INDIRA GANDHI 2nd STREET is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions in Karapakkam. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. The guideline value is set by the government and is revised periodically based on various factors.

When buying or selling a property, the guideline value provides a benchmark for the minimum value at which a property can be registered. This ensures that the transaction is documented at a fair value, reflecting the prevailing market conditions.

Frequently asked questions

What is the current guideline value of INDIRA GANDHI 2nd STREET?

The current guideline value of INDIRA GANDHI 2nd STREET is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the 2012 revision at Rs 2,000 per sq.ft, 2017 at Rs 1,340 per sq.ft, and 2023 at Rs 2,000 per sq.ft, before increasing to Rs 2,200 per sq.ft in 2024.

What is the land classification of INDIRA GANDHI 2nd STREET?

INDIRA GANDHI 2nd STREET falls under the Residential Class II Type - II land classification.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for properties in INDIRA GANDHI 2nd STREET?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 1,54,000 based on the current guideline value.