Guideline Value

Corporate

Guideline Value for INDRA NAGAR 15TH LANE

₹4950/sq.ft.

The guideline value for Indra Nagar 15th 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 15th Lane

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Indra Nagar 15th Lane guideline value

The current guideline value for Indra Nagar 15th 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 15th Lane has changed

The guideline value for Indra Nagar 15th Lane has undergone several revisions over the years. Starting from the earliest revision in 2002, the value was Rs 1,043 per sq.ft. This increased to Rs 1,154 per sq.ft in 2003, marking an 11% rise. In 2007, the value saw a significant increase to Rs 1,300 per sq.ft, which was a 13% change. The 2012 revision brought the value up to Rs 4,500 per sq.ft, reflecting a substantial increase of 246% from the previous figure. However, in 2017, the value decreased to Rs 3,015 per sq.ft, which was a decline of 33%.

In the subsequent revisions, the value rose again to Rs 4,500 per sq.ft in 2023, followed by the current rate of Rs 4,950 per sq.ft in 2024, representing a 10% increase. Overall, from 2002 to 2024, the guideline value for Indra Nagar 15th Lane has increased by 375%.

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. The median guideline value for these streets is Rs 9,900 per sq.ft, placing Indra Nagar 15th Lane's current value below that median.

Stamp duty and registration fee for property in Indra Nagar 15th 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, charged 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 and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Indra Nagar 15th Lane?

The Sub Registrar Office that covers Indra Nagar 15th 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 essential 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 applicable to the transaction. Buyers and sellers should be aware that the guideline value is used to calculate these fees, ensuring compliance with local regulations.

When a property is sold, the guideline value helps in establishing a fair basis for the transaction. It is crucial for both parties to understand the guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Indra Nagar 15th Lane?

The current guideline value of Indra Nagar 15th 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 are the stamp duty and registration fees for properties in this area?

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 15th Lane?

The Chennai South Joint I Sub Registrar Office is responsible for handling registrations for Indra Nagar 15th Lane, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How does the guideline value affect property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It acts as a standard for both buyers and sellers to ensure accurate financial planning and compliance with regulations.