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Guideline Value

Corporate

Guideline Value for INDRA GANDHI NAGAR 6TH STREET

₹3800/sq.ft.

The guideline value for Indra Gandhi Nagar 6th 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 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 6th Street

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Indra Gandhi Nagar 6th Street guideline value

The current guideline value of Indra Gandhi Nagar 6th 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 6th Street has changed

The guideline value for Indra Gandhi Nagar 6th Street has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 900 per sq.ft, which saw a significant increase to Rs 3,500 per sq.ft in the 2012 revision. This figure remained unchanged until the 2023 revision, where it was again Rs 3,500 per sq.ft. The most recent 2024 revision increased the guideline value to Rs 3,800 per sq.ft, marking a 9% rise from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 322%. Notably, there are no figures available for the years 2002, 2003, and 2017 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, with a median value of Rs 5,800 per sq.ft. The guideline value for Indra Gandhi Nagar 6th Street is below this median.

Stamp duty and registration fee for property in Indra Gandhi Nagar 6th 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 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.

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

Which Sub Registrar Office covers Indra Gandhi Nagar 6th Street?

The Sub Registrar Office that covers Indra Gandhi Nagar 6th 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 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. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for both buyers and sellers to be aware of the current guideline value, as it can significantly affect the overall cost of the transaction. Ensuring that the property is registered at the correct guideline value helps in maintaining compliance with local regulations.

Frequently asked questions

What is the current guideline value of Indra Gandhi Nagar 6th Street?

The current guideline value of Indra Gandhi Nagar 6th 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 increased from Rs 900 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, marking an overall increase of 322% over this period.

What is the land classification of Indra Gandhi Nagar 6th Street?

Indra Gandhi Nagar 6th Street is classified as Residential Class IV Type - III under the Kodambakkam SRO.

Where can I find the Sub Registrar Office for this area?

The Kodambakkam Sub Registrar Office is 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 guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000 at a rate of 7%.