Guideline Value

Corporate

Guideline Value for INDIRA NAGAR

₹1120/sq.ft.

The guideline value for Indira Nagar in Sivabootham village (Chennai South Joint I SRO, Chennai zone) is Rs 1120 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sivabootham

Village

Chennai South Joint I

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹1120 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /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

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Indira Nagar guideline value

The current guideline value of Indira Nagar, located in Sivabootham village under the Chennai South Joint I SRO, is Rs 1,120 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class IV Type - I land classification.

How the guideline value of Indira Nagar has changed

Looking back at the revisions, the guideline value for Indira Nagar was Rs 1,000 per sq.ft in 2023, which increased to Rs 1,120 per sq.ft in 2024, marking a change of +12%. Prior to that, in 2017, the value was Rs 670 per sq.ft, reflecting a significant increase of +49% by 2023. The 2012 revision also recorded a value of Rs 1,000 per sq.ft, which was a decrease of -33% from the 2017 figure. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, from 2012 to 2024, the guideline value has seen a modest increase of +12%. This indicates that the value has fluctuated over the years, with notable changes between specific revisions.

Guideline values in Sivabootham

In Sivabootham, there are 39 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,120 to Rs 3,300 per sq.ft, with a median value of Rs 1,650 per sq.ft. Indira Nagar's 2024 figure is below this median.

Stamp duty and registration fee for property in Indira Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,120 per sq.ft, the total guideline value would be Rs 11,20,000. The stamp duty at 7% would be Rs 78,400, and the registration fee at 2% would be Rs 22,400, making the total cost for these fees Rs 1,00,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Indira Nagar?

The Sub Registrar Office that covers Indira Nagar 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 Sivabootham

The guideline value is a crucial factor in the registration process when buying or selling property in Sivabootham. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Indira Nagar?

The current guideline value of Indira Nagar is Rs 1,120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent increase of +12% from Rs 1,000 per sq.ft in 2023 to Rs 1,120 per sq.ft in 2024. The value also increased from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023.

What are the other streets in Sivabootham and their guideline values?

Other streets in Sivabootham include Ganapathypuram at Rs 1,120 per sq.ft, and several streets in Kamatchi Nagar at Rs 1,210 per sq.ft. These values reflect the current guideline rates for 2024.

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

For a property valued at Rs 11,20,000 in Indira Nagar, the stamp duty would be Rs 78,400 and the registration fee would be Rs 22,400, totaling Rs 1,00,800. This is based on the guideline value of Rs 1,120 per sq.ft.

Which office handles property registrations for Indira Nagar?

The Chennai South Joint I Sub Registrar Office handles property registrations for Indira Nagar. It is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.