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Guideline Value

Corporate

Guideline Value for INDRA GANDHI 2ND STREET (CHOOLAIMEDU)

₹4400/sq.ft.

The guideline value for Indra Gandhi 2nd 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 2nd Street (choolaimedu)

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Indra Gandhi 2nd Street (Choolaimedu) guideline value

The current guideline value of Indra Gandhi 2nd 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 2nd Street (Choolaimedu) has changed

Over the years, the guideline value of Indra Gandhi 2nd Street has seen significant changes. In the 2007 revision, the value was Rs 1,050 per sq.ft. This increased dramatically to Rs 4,000 per sq.ft in the 2012 revision, marking a rise of 281%. However, in the 2017 revision, the value decreased to Rs 2,680 per sq.ft, a drop of 33%. The value then rose to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,400 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

There are no figures available for Indra Gandhi 2nd Street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 319%, showcasing the fluctuations in property valuation over the years.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft, with a median value of Rs 5,800 per sq.ft. The guideline value of Indra Gandhi 2nd Street is below this median.

Stamp duty and registration fee for property in Indra Gandhi 2nd 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 be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Indra Gandhi 2nd Street (Choolaimedu)?

The Sub Registrar Office that covers Indra Gandhi 2nd 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 information.

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

The guideline value is a crucial factor when registering property transactions in Puliyur. It serves as a benchmark for determining the minimum value of a property, which is essential for calculating stamp duty and registration fees.

When buying or selling property, the guideline value ensures that all transactions are recorded at a fair value, preventing undervaluation. This process helps maintain transparency and accountability in the real estate market.

Frequently asked questions

What is the current guideline value of Indra Gandhi 2nd Street?

The current guideline value of Indra Gandhi 2nd 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 significantly from Rs 1,050 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, with various fluctuations in between.

What is the land classification for Indra Gandhi 2nd Street?

Indra Gandhi 2nd Street is classified as Residential Class IV Type - II.

Where can I find the registration office for this area?

The registration office covering Indra Gandhi 2nd Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for property in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property, with the current rate being 7% of the guideline value.