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Guideline Value

Corporate

Guideline Value for INDRA GANDHI 1ST STREET (CHOOLAIMEDU)

₹4400/sq.ft.

The guideline value for Indra Gandhi 1st Street (choolaimedu) in Puliyur village (Kodambakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 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

Puliyur

Village

Kodambakkam

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1050 /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)

2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.
044-24843265
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Indra Gandhi 1st Street (choolaimedu)

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Indra Gandhi 1st Street (Choolaimedu) guideline value

The current guideline value of Indra Gandhi 1st Street (Choolaimedu) is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Indra Gandhi 1st Street (Choolaimedu) has changed

The guideline value for Indra Gandhi 1st Street (Choolaimedu) has seen several revisions over the years. In the 2007 revision, the value was set at Rs 1,050 per sq.ft. This figure increased significantly to Rs 4,000 per sq.ft in the 2012 revision, marking an increase of 281%. However, it dropped to Rs 2,680 per sq.ft in the 2017 revision, a decrease of 33%. The value then rose sharply to Rs 4,000 per sq.ft in the 2023 revision, reflecting a 49% increase. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, which is a 10% increase from 2023.

The register has no figures for the 2002 and 2003 revisions for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, placing Indra Gandhi 1st Street's 2024 figure below that median.

Stamp duty and registration fee for property in Indra Gandhi 1st Street (Choolaimedu)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Indra Gandhi 1st Street (Choolaimedu)?

The Sub Registrar Office that covers Indra Gandhi 1st Street (Choolaimedu) is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two figures is used to calculate the applicable duties. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Indra Gandhi 1st Street (Choolaimedu)?

The current guideline value of Indra Gandhi 1st Street (Choolaimedu) is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,050 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, representing an overall increase of 319%.

What is the land classification for Indra Gandhi 1st Street (Choolaimedu)?

Indra Gandhi 1st Street (Choolaimedu) is classified as Residential Class IV Type - II.

Where can I find the registration office for properties in this area?

The registration office for Indra Gandhi 1st Street (Choolaimedu) is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the median guideline value in Puliyur?

The median guideline value for streets in Puliyur is Rs 5,800 per sq.ft, which is higher than the 2024 guideline value for Indra Gandhi 1st Street.