Guideline Value for INDIRA NAGAR 9TH LANE

Indira Nagar 9th Lane guideline value

The current guideline value of Indira Nagar 9th Lane is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Kazhikundram village under the Adayar SRO, classified as Residential Class II Type - I.

How the guideline value of Indira Nagar 9th Lane has changed

The guideline value for Indira Nagar 9th Lane has seen several revisions over the years. In 2017, the guideline value was Rs 4,020 per sq.ft. This increased to Rs 6,000 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 6,600 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2017 to 2024, 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 total of 68 streets under the Adayar SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 12,700 per sq.ft. The median guideline value for these streets is Rs 6,600 per sq.ft, which is equal to the current guideline value of Indira Nagar 9th Lane.

• Indira Nagar 9th Cross Road: Rs 7,700 per sq.ft (2024)
• Indira Nagar 8th Lane: Rs 6,600 per sq.ft (2024)
• Indira Nagar 8th Cross Road: Rs 7,700 per sq.ft (2024)
• Indira Nagar 7th Lane: Rs 6,600 per sq.ft (2024)
• Indira Nagar 7th Cross Road: Rs 6,600 per sq.ft (2024)
• Indira Nagar 6th Lane: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Indira Nagar 9th Lane

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

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Indira Nagar 9th Lane?

The Sub Registrar Office that covers Indira Nagar 9th Lane is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. For more details, you can find your SRO.

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

The guideline value is an essential factor in the registration process when buying or selling property in Kazhikundram. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for taxation and legal purposes.

When a buyer or seller approaches the registration office, the guideline value helps in calculating the stamp duty and registration fees based on the property's value. This ensures transparency in property transactions and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Indira Nagar 9th Lane?

The current guideline value of Indira Nagar 9th Lane is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,020 per sq.ft in 2017 to Rs 6,000 per sq.ft in 2023, and then to Rs 6,600 per sq.ft in 2024. This shows an overall increase of 64% from 2017 to 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000, and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office is responsible for Indira Nagar 9th Lane?

The Adayar Sub Registrar Office is responsible for Indira Nagar 9th Lane, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the land classification for Indira Nagar 9th Lane?

Indira Nagar 9th Lane is classified as Residential Class II Type - I, indicating its suitability for residential development.