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Guideline Value

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Guideline Value for INDIRA GANDHI NAGAR

₹600/sq.ft.

The guideline value for Indira Gandhi Nagar in Nadukuthagai village (Avadi SRO, Chennai zone) is Rs 600 per sq.ft, effective 1 July 2024. It was Rs 550 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nadukuthagai

Village

Avadi

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹600 /sq.ft.
From 1-4-2023 ₹550 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹368 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹550 /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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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

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Indira Gandhi Nagar guideline value

The current guideline value of Indira Gandhi Nagar, located in Nadukuthagai village under the Avadi SRO, is Rs 600 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - II land classification.

How the guideline value of Indira Gandhi Nagar has changed

Starting with the 2012 revision, the guideline value for Indira Gandhi Nagar was Rs 550 per sq.ft. This figure remained until the 2017 revision, where it decreased to Rs 368 per sq.ft, marking a decline of 33%. In the 2023 revision, the value increased significantly to Rs 550 per sq.ft, and then further rose to Rs 600 per sq.ft in the 2024 revision, reflecting a change of 9% from the previous year.

From 2017 to 2023, the guideline value saw a substantial increase of 49%. Overall, from the 2012 revision to the current 2024 revision, the guideline value has increased by 9%. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Nadukuthagai

Nadukuthagai village has a total of 35 streets under the Avadi SRO, with guideline values ranging from Rs 330 to Rs 1,980 per sq.ft in 2024. The median guideline value for these streets is Rs 880 per sq.ft, placing Indira Gandhi Nagar's 2024 figure below that median.

Stamp duty and registration fee for property in Indira Gandhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. Please 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 further calculations.

Which Sub Registrar Office covers Indira Gandhi Nagar?

The Sub Registrar Office that covers Indira Gandhi Nagar is the Avadi Sub Registrar Office. Its address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Nadukuthagai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration of a property sale.

When buying or selling property, the guideline value is utilized to ensure that the transaction complies with local regulations. The amount of stamp duty is calculated based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Indira Gandhi Nagar?

The current guideline value of Indira Gandhi Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes: Rs 550 per sq.ft in 2012, decreased to Rs 368 per sq.ft in 2017, increased to Rs 550 per sq.ft in 2023, and finally to Rs 600 per sq.ft in 2024.

What is the median guideline value in Nadukuthagai?

The median guideline value for the 35 streets in Nadukuthagai is Rs 880 per sq.ft, which is higher than the current value of Indira Gandhi Nagar.

What are the stamp duty and registration fees for properties in Indira Gandhi Nagar?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000, and the registration fee would be Rs 12,000, totaling Rs 54,000.

Which office handles property registrations for Indira Gandhi Nagar?

The Avadi Sub Registrar Office handles property registrations for Indira Gandhi Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.