Guideline Value

Corporate

Guideline Value for INDRA NAGAR 16TH CROSS STREET

₹8250/sq.ft.

The guideline value for Indra Nagar 16th Cross Street in Thiruvanmiyur village (Chennai South Joint I SRO, Chennai zone) is Rs 8250 per sq.ft, effective 1 July 2024. It was Rs 7500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruvanmiyur

Village

Chennai South Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹8250 /sq.ft.
From 1-4-2023 ₹7500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5025 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹7500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹985 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹890 /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 16th Cross Street

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Indra Nagar 16th Cross Street guideline value

The current guideline value for Indra Nagar 16th Cross Street is Rs 8,250 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 II Type - I.

How the guideline value of Indra Nagar 16th Cross Street has changed

The guideline value for Indra Nagar 16th Cross Street has seen significant changes over the years. In 2002, the guideline value was Rs 890 per sq.ft, which increased to Rs 985 per sq.ft in 2003, marking an 11% rise. The value then rose by 32% to Rs 1,300 per sq.ft in 2007. Following that, there was a substantial increase of 477%, bringing the value to Rs 7,500 per sq.ft in 2012. However, from 2012 to 2017, the value decreased by 33% to Rs 5,025 per sq.ft. The value then increased by 49% to Rs 7,500 per sq.ft in 2023, and finally, it rose by 10% to the current value of Rs 8,250 per sq.ft in 2024.

There are no figures available for the revisions in the years not mentioned in the register for this street. The overall increase in guideline value from 2002 to 2024 is 827%.

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, which places the 2024 figure for Indra Nagar 16th Cross Street below the median.

Stamp duty and registration fee for property in Indra Nagar 16th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,250 per sq.ft, the total guideline value would be Rs 82,50,000. The stamp duty at 7% would amount to Rs 5,77,500, and the registration fee at 2% would be Rs 1,65,000, making the total cost for stamp duty and registration fees Rs 7,42,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more accurate estimates.

Which Sub Registrar Office covers Indra Nagar 16th Cross Street?

The Sub Registrar Office that covers Indra Nagar 16th Cross Street 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 further assistance.

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

The guideline value is a crucial factor when registering property transactions in Thiruvanmiyur. It serves as a reference point for determining the stamp duty and registration fees that are applicable during the sale or purchase of properties.

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

Frequently asked questions

What is the current guideline value of Indra Nagar 16th Cross Street?

The current guideline value of Indra Nagar 16th Cross Street is Rs 8,250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 890 per sq.ft in 2002 to Rs 8,250 per sq.ft in 2024, marking an overall increase of 827%.

What is the median guideline value for streets in Thiruvanmiyur?

The median guideline value for streets in Thiruvanmiyur is Rs 9,900 per sq.ft, which is higher than the current value for Indra Nagar 16th Cross Street.

What fees are associated with buying property in Indra Nagar 16th Cross Street?

The fees include stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Indra Nagar 16th Cross Street located?

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