Guideline Value

Corporate

Guideline Value for INDIRA NAGAR 1ST STREET

₹1320/sq.ft.

The guideline value for Indira Nagar 1st Street in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1200 /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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[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 Nagar 1st Street

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Indira Nagar 1st Street guideline value

The current guideline value for Indira Nagar 1st Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village under the Chennai South Joint I SRO and is classified as Residential Class IV Type - II.

How the guideline value of Indira Nagar 1st Street has changed

The guideline value for Indira Nagar 1st Street has seen a revision in 2024, where it increased to Rs 1,320 per sq.ft from Rs 1,200 per sq.ft in 2023, marking a 10% increase. Prior to that, the guideline value remained unchanged at Rs 1,200 per sq.ft from 2012 to 2023. The register has no figures for the years 2017, 2007, 2003, and 2002.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The consistent value from 2012 to 2023 indicates stability in the guideline value during that period.

Guideline values in Pallikaranai

Pallikaranai comprises 749 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft as of 2024. The median guideline value for these streets is Rs 1,650 per sq.ft, placing the 2024 figure for Indira Nagar 1st Street below the median.

Stamp duty and registration fee for property in Indira Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total fees to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Indira Nagar 1st Street?

The Sub Registrar Office that covers Indira Nagar 1st Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Pallikaranai. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This ensures that all transactions are conducted fairly and transparently, based on the established value of the property.

When selling property, the guideline value helps in assessing the appropriate sale price and ensures that both buyers and sellers are aware of the official valuation of the property. This can aid in negotiations and provide a clear understanding of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Indira Nagar 1st Street?

The current guideline value of Indira Nagar 1st Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024, which is a 10% increase. There was no change in the value from 2012 to 2023, and the register has no figures for the years 2017, 2007, 2003, and 2002.

What is the median guideline value for streets in Pallikaranai?

The median guideline value for streets in Pallikaranai is Rs 1,650 per sq.ft as of 2024. The guideline value for Indira Nagar 1st Street is below this median.

What are the stamp duty and registration fees for properties in Indira Nagar 1st Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at the current rate, the total fees would be Rs 1,18,800.

Where is the Sub Registrar Office for Indira Nagar 1st Street located?

The Sub Registrar Office for Indira Nagar 1st Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.