Guideline Value

Corporate

Guideline Value for INDRA NAGAR 10TH LANE

₹4950/sq.ft.

The guideline value for Indra Nagar 10th Lane in Thiruvanmiyur village (Chennai South Joint I SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. It was Rs 4500 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

Thiruvanmiyur

Village

Chennai South Joint I

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹4950 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1154 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1043 /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 Nagar 10th Lane

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Indra Nagar 10th Lane guideline value

The current guideline value of Indra Nagar 10th Lane is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Indra Nagar 10th Lane has changed

The guideline value for Indra Nagar 10th Lane has seen several revisions over the years. The earliest recorded figure is from 2002, which was Rs 1,043 per sq.ft. This value increased to Rs 1,154 per sq.ft in 2003, marking an 11% rise. In 2007, the guideline value jumped significantly to Rs 1,800 per sq.ft, a 56% increase. Following this, in 2012, the value rose to Rs 4,500 per sq.ft, reflecting a substantial 150% increase from the previous revision. However, from 2012 to 2017, the value decreased to Rs 3,015 per sq.ft, showing a decline of 33%.

In 2023, the guideline value increased again to Rs 4,500 per sq.ft, which was a 49% rise. The most recent revision in 2024 set the guideline value at Rs 4,950 per sq.ft, representing a 10% increase from the previous year. There are no figures available for the revisions in years not mentioned in the register.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur village, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft, with a median value of Rs 9,900 per sq.ft. The guideline value for Indra Nagar 10th Lane is below this median.

Stamp duty and registration fee for property in Indra Nagar 10th Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, making the total cost for these fees Rs 4,45,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Indra Nagar 10th Lane?

The Sub Registrar Office that covers Indra Nagar 10th Lane 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. You can find your SRO for more information.

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

The guideline value is an important factor in the registration process when buying or selling property in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Indra Nagar 10th Lane?

The current guideline value of Indra Nagar 10th Lane is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,043 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 375% over the years.

What is the land classification for Indra Nagar 10th Lane?

The land classification for Indra Nagar 10th Lane is Residential Class IV Type - II.

Where can I find other guideline values in Thiruvanmiyur?

Other guideline values in Thiruvanmiyur can be found in the list of streets under the Chennai South Joint I SRO, which includes various streets with different rates per sq.ft.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. The stamp duty is typically 7%, while the registration fee is 2% of the guideline value.