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Guideline Value

Corporate

Guideline Value for INDRA GANDHI NAGAR 4TH STREET

₹3800/sq.ft.

The guideline value for Indra Gandhi Nagar 4th Street in Puliyur village (Kodambakkam SRO, Chennai zone) is Rs 3800 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 9% change. 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 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
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 4th Street

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Indra Gandhi Nagar 4th Street guideline value

The current guideline value of Indra Gandhi Nagar 4th Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam Sub Registrar Office (SRO). The land classification for this area is Residential Class IV Type - III.

How the guideline value of Indra Gandhi Nagar 4th Street has changed

Over the years, the guideline value of Indra Gandhi Nagar 4th Street has seen several revisions. The earliest recorded figure is from 2007, where it was Rs 900 per sq.ft. This value increased significantly to Rs 3,500 per sq.ft in 2012, marking a rise of 289%. However, it then decreased to Rs 2,345 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 3,500 per sq.ft in 2023, followed by a further increase to Rs 3,800 per sq.ft in 2024, reflecting a 9% change from the previous year. The register has no figures for the years 2002 and 2003 for this street.

From 2007 to 2024, the overall change in guideline value is an increase of 322%. The 2017 to 2023 revision saw a notable increase of 49%, indicating a significant shift in the guideline value during this period.

Guideline values in Puliyur

In Puliyur village, 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. The median guideline value in this area is Rs 5,800 per sq.ft, positioning Indra Gandhi Nagar 4th Street below the median.

Stamp duty and registration fee for property in Indra Gandhi Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to 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 cost for these fees to Rs 3,42,000. 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 detailed calculations.

Which Sub Registrar Office covers Indra Gandhi Nagar 4th Street?

The Sub Registrar Office that covers Indra Gandhi Nagar 4th Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for further assistance.

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

The guideline value is an essential factor in the registration process for property transactions in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are applicable during the transaction.

When buying or selling property, it is crucial to understand that the guideline value may influence the final sale price. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations and to accurately assess the costs associated with the transaction.

Frequently asked questions

What is the current guideline value of Indra Gandhi Nagar 4th Street?

The current guideline value of Indra Gandhi Nagar 4th Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 322% over this period.

What is the land classification for Indra Gandhi Nagar 4th Street?

Indra Gandhi Nagar 4th 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 4th 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 properties in Puliyur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot valued at Rs 3,800 per sq.ft would incur a total guideline value of Rs 38,00,000, leading to specific stamp duty and registration fees.