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Guideline Value

Corporate

Guideline Value for INDIRA NAGAR 8TH LANE

₹6600/sq.ft.

The guideline value for Indira Nagar 8th Lane in Kazhikundram village (Adayar SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kazhikundram

Village

Adayar

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

No.161(71/6), L.b Road (dr.muthulakshmi Salai) Tnhb Building,third Floor,thiruvanmiyur,chennai-600041
044-24415011
[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 8th Lane

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Indira Nagar 8th Lane guideline value

The current guideline value of Indira Nagar 8th Lane is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Kazhikundram village and falls under the Adayar SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Indira Nagar 8th Lane has changed

The guideline value for Indira Nagar 8th Lane has seen significant changes over the years. In the 2017 revision, the value was Rs 4,020 per sq.ft, which increased to Rs 6,000 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 6,600 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kazhikundram

Kazhikundram village has a range of guideline values across its 68 streets under the Adayar SRO, with values ranging from Rs 2,800 to Rs 12,700 per sq.ft. The median guideline value is Rs 6,600 per sq.ft, which is equal to the 2024 figure for Indira Nagar 8th Lane.

Stamp duty and registration fee for property in Indira Nagar 8th Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total cost for these fees to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Indira Nagar 8th Lane?

The Sub Registrar Office that covers Indira Nagar 8th Lane is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, Chennai registration zone. You can find your SRO for more information.

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

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

When a property is sold, the guideline value is considered to ensure that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Indira Nagar 8th Lane?

The current guideline value of Indira Nagar 8th Lane is Rs 6,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 4,020 per sq.ft to Rs 6,600 per sq.ft in 2024, which is an overall increase of 64%.

What is the stamp duty on property in Indira Nagar 8th Lane?

The stamp duty on property in Indira Nagar 8th Lane is 7% of the guideline value or the sale price, whichever is higher.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, Chennai registration zone.

What are the guideline values of other streets in Kazhikundram?

Other streets in Kazhikundram have varying guideline values ranging from Rs 2,800 to Rs 12,700 per sq.ft. For instance, Indira Nagar 8th Cross Road and Indira Nagar 9th Cross Road both have a guideline value of Rs 7,700 per sq.ft in 2024.