Guideline Value

Corporate

Guideline Value for INDRA GANDHI NAGAR

₹1320/sq.ft.

The guideline value for Indra Gandhi Nagar in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1200 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

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹100 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹78 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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

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Indra Gandhi Nagar guideline value

The current guideline value of Indra Gandhi Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village, under the Chennai South Joint I SRO, and falls under the Residential Class IV Type - II land classification.

How the guideline value of Indra Gandhi Nagar has changed

The guideline value for Indra Gandhi Nagar has seen several revisions over the years. Starting from Rs 78 per sq.ft in 2002, the value increased to Rs 100 per sq.ft in 2003. The following revisions saw significant jumps, with the value reaching Rs 400 per sq.ft in 2007, and then Rs 1,200 per sq.ft in 2012. However, it decreased to Rs 804 per sq.ft in 2017. The most recent revisions show an increase to Rs 1,200 per sq.ft in 2023, and then to Rs 1,320 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, the guideline value has increased by 1,592% from 2002 to 2024. The changes between the revisions include a 49% increase from 2017 to 2023, a 33% decrease from 2012 to 2017, a 200% increase from 2007 to 2012, a 300% increase from 2003 to 2007, and a 28% increase from 2002 to 2003. There are no figures for any revisions prior to 2002 or any other years not mentioned in the register.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Indra Gandhi Nagar's 2024 guideline value below this median.

Stamp duty and registration fee for property in Indra Gandhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Indra Gandhi Nagar?

The Sub Registrar Office that covers Indra Gandhi Nagar is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. For more information, you can find your SRO.

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

The guideline value is a critical factor in the registration of property transactions in Pallikaranai. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both parties are aware of the financial obligations involved in the sale. This helps maintain transparency and standardization in property transactions within the area.

Frequently asked questions

What is the current guideline value of Indra Gandhi Nagar?

The current guideline value of Indra Gandhi Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 78 per sq.ft in 2002 to Rs 1,320 per sq.ft in 2024, marking a significant overall increase of 1,592% over this period.

What is the stamp duty rate for properties in Indra Gandhi Nagar?

The stamp duty rate for properties in Indra Gandhi Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Indra Gandhi Nagar located?

The Sub Registrar Office for Indra Gandhi Nagar is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What are the guideline values of other streets in Pallikaranai?

Other streets in Pallikaranai have varying guideline values, with Indira Street at Rs 1,110 per sq.ft, and Indhra Ammaiyar Street at Rs 2,200 per sq.ft, among others listed above.