Guideline Value

Corporate

Guideline Value for INDRA NAGAR 13TH LANE

₹4950/sq.ft.

The guideline value for Indra Nagar 13th 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 ₹3000 /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 13th Lane

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Indra Nagar 13th Lane guideline value

The current guideline value for Indra Nagar 13th 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 13th Lane has changed

The guideline value for Indra Nagar 13th Lane has seen several revisions over the years. Starting from the 2002 revision, the guideline 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 value continued to rise significantly, reaching Rs 3,000 per sq.ft in 2007, which was a 160% increase. By 2012, the value was Rs 4,500 per sq.ft, reflecting a 50% increase from the previous revision. However, in 2017, the value dropped to Rs 3,015 per sq.ft, showing a decrease of 33%. The guideline value then rose to Rs 4,500 per sq.ft in 2023, and finally to Rs 4,950 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 375%. There are no figures available for the revisions in years not mentioned in the provided data.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, 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 13th Lane is below this median.

Stamp duty and registration fee for property in Indra Nagar 13th 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 be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, bringing the total cost for these fees to Rs 4,45,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Indra Nagar 13th Lane?

The Sub Registrar Office that covers Indra Nagar 13th 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 a crucial factor during the registration of property transactions in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Indra Nagar 13th Lane?

The current guideline value of Indra Nagar 13th 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 13th Lane?

Indra Nagar 13th Lane is classified as Residential Class IV Type - II.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 49,50,000, the stamp duty would be Rs 3,46,500 and the registration fee would be Rs 99,000, totaling Rs 4,45,500.

Which office handles registrations for Indra Nagar 13th Lane?

The Chennai South Joint I Sub Registrar Office handles registrations for Indra Nagar 13th Lane, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.