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Guideline Value

Corporate

Guideline Value for INDIRA NAGAR 6th Cross Street

₹2750/sq.ft.

The guideline value for Indira Nagar 6th Cross Street in Virugambakkam village (Virugambakkam SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 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

Virugambakkam

Village

Virugambakkam

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /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)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 6th Cross Street

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INDIRA NAGAR 6th Cross Street guideline value

The current guideline value of INDIRA NAGAR 6th Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Virugambakkam village, under the Virugambakkam SRO, classified as Residential Class IV Type - II.

How the guideline value of INDIRA NAGAR 6th Cross Street has changed

The guideline value for INDIRA NAGAR 6th Cross Street has seen several revisions over the years. The 2007 revision set the value at Rs 500 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, this was followed by a decrease to Rs 1,675 per sq.ft in 2017. The 2023 revision raised the value to Rs 2,500 per sq.ft, and the most recent 2024 revision has set it at Rs 2,750 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 450%. Notably, there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Virugambakkam

In Virugambakkam, there are 391 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. The guideline value of INDIRA NAGAR 6th Cross Street is below this median.

Stamp duty and registration fee for property in INDIRA NAGAR 6th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers INDIRA NAGAR 6th Cross Street?

The Sub Registrar Office covering INDIRA NAGAR 6th Cross Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Virugambakkam, as it determines the minimum value at which property transactions can be registered. This value is used by the registration department to assess the stamp duty and registration fees applicable to the property transaction.

When purchasing property, it is essential to ensure that the sale price is not lower than the guideline value, as the duty is charged on the higher of the two. This ensures that all property transactions reflect a fair valuation according to the local market standards.

Frequently asked questions

What is the current guideline value of INDIRA NAGAR 6th Cross Street?

The current guideline value of INDIRA NAGAR 6th Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What is the stamp duty for property in INDIRA NAGAR 6th Cross Street?

The stamp duty for property in INDIRA NAGAR 6th Cross Street is 7% of the guideline value, which for a 1,000 sq.ft plot amounts to Rs 1,92,500.

Which Sub Registrar Office covers this area?

The Virugambakkam Sub Registrar Office covers INDIRA NAGAR 6th Cross Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the significance of the guideline value when buying property?

The guideline value is used to determine the minimum price for property transactions and is essential for calculating stamp duty and registration fees during the registration process.