Guideline Value

Corporate

Guideline Value for INDRA NAGAR 11TH LANE

₹4950/sq.ft.

The guideline value for Indra Nagar 11th 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 ₹1300 /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 11th Lane

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Indra Nagar 11th Lane guideline value

The current guideline value of Indra Nagar 11th Lane is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village, under the Chennai South Joint I SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Indra Nagar 11th Lane has changed

Over the years, the guideline value of Indra Nagar 11th Lane has seen several revisions. Starting from the 2002 revision, the value was Rs 1,043 per sq.ft. This increased to Rs 1,154 per sq.ft in 2003, marking an increase of 11%. The next significant revision occurred in 2007, where the value jumped to Rs 1,300 per sq.ft, reflecting a 13% increase. Following this, the value surged to Rs 4,500 per sq.ft in 2012, a remarkable increase of 246% from the previous revision.

In 2017, the guideline value was Rs 3,015 per sq.ft, which represented a decrease of 33% from the 2012 revision. The value then rose to Rs 4,500 per sq.ft in 2023, marking a 49% increase. The most recent revision in 2024 set the guideline value at Rs 4,950 per sq.ft, which is a 10% increase from the previous year. There are no figures available for revisions in years not mentioned in the register.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value in this area is Rs 9,900 per sq.ft, placing Indra Nagar 11th Lane's 2024 figure below this median.

Stamp duty and registration fee for property in Indra Nagar 11th Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value would be Rs 49,50,000. The stamp duty at 7% would amount to Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, bringing the total to Rs 4,45,500. 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 Nagar 11th Lane?

The Sub Registrar Office that covers Indra Nagar 11th 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 details.

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

The guideline value is an essential factor in property transactions in Thiruvanmiyur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

When purchasing or selling property, it is crucial to be aware of the current guideline value to ensure compliance with registration requirements. This value serves as a benchmark for the legal documentation involved in property transactions.

Frequently asked questions

What is the current guideline value of Indra Nagar 11th Lane?

The current guideline value of Indra Nagar 11th 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 significantly 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 this period.

What is the registration office for Indra Nagar 11th Lane?

The registration office for Indra Nagar 11th 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.

How is stamp duty calculated for properties in Indra Nagar 11th Lane?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 49,50,000, the stamp duty at 7% would be Rs 3,46,500.

What are the guideline values of other streets in Thiruvanmiyur?

Other streets in Thiruvanmiyur have varying guideline values. For instance, Indra Nagar 10th Lane and Indra Nagar 13th Lane both have a guideline value of Rs 4,950 per sq.ft, while Indra Nagar 12th Lane has a higher value of Rs 9,900 per sq.ft.