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Guideline Value

Corporate

Guideline Value for INDRA GANDHI NAGAR 3RD STREET

₹3800/sq.ft.

The guideline value for Indra Gandhi Nagar 3rd Street in Puliyur village (Kodambakkam SRO, Chennai zone) is Rs 3800 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iv Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puliyur

Village

Kodambakkam

SRO

Residential Class IV Type - III
History
Period Guideline Value
From 1-7-2024 ₹3800 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹900 /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 Nagar 3rd Street

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Indra Gandhi Nagar 3rd Street guideline value

The current guideline value of Indra Gandhi Nagar 3rd Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, classified as Residential Class IV Type - III.

How the guideline value of Indra Gandhi Nagar 3rd Street has changed

The guideline value for Indra Gandhi Nagar 3rd Street has undergone several revisions. The earliest recorded figure is from 2007, where the guideline value was Rs 900 per sq.ft. This value increased significantly to Rs 3,500 per sq.ft in the 2012 revision, marking a change of +289%. The most recent revision in 2024 shows a further increase to Rs 3,800 per sq.ft, which is a +9% change from the 2012 value.

It is important to note that there are no recorded figures for the years 2003, 2002, 2017, and 2023 for this street. Overall, from 2007 to 2024, the guideline value has increased by +322%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with guideline values for 2024 ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value for these streets is Rs 5,800 per sq.ft, which indicates that the 2024 figure for Indra Gandhi Nagar 3rd Street is below this median.

Stamp duty and registration fee for property in Indra Gandhi Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total fees together to Rs 3,42,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Indra Gandhi Nagar 3rd Street?

The Indra Gandhi Nagar 3rd Street falls under the jurisdiction of 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 is a crucial factor in property transactions in Puliyur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration norms.

During the registration process, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications associated with the property transfer.

Frequently asked questions

What is the current guideline value of Indra Gandhi Nagar 3rd Street?

The current guideline value of Indra Gandhi Nagar 3rd Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 900 per sq.ft to Rs 3,800 per sq.ft in 2024, marking an overall increase of +322%.

What is the land classification for Indra Gandhi Nagar 3rd Street?

Indra Gandhi Nagar 3rd Street is classified as Residential Class IV Type - III.

Where can I find the registration office for this street?

The registration office for Indra Gandhi Nagar 3rd Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in Puliyur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 38,00,000 would incur a stamp duty of Rs 2,66,000 at a rate of 7%.