Guideline Value

Corporate

Guideline Value for INDRA NAGAR 16TH LANE

₹4950/sq.ft.

The guideline value for Indra Nagar 16th 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 16th Lane

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Indra Nagar 16th Lane guideline value

The current guideline value for Indra Nagar 16th 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 16th Lane has changed

The guideline value for Indra Nagar 16th Lane has seen several revisions over the years. In 2002, the value was Rs 1,043 per sq.ft. It increased to Rs 1,154 per sq.ft in 2003, marking a rise of 11%. Following this, the value rose to Rs 1,300 per sq.ft in 2007, which was an increase of 13%. The value then saw a significant jump to Rs 4,500 per sq.ft in 2012, reflecting a 246% increase. However, this value decreased to Rs 3,015 per sq.ft in 2017, a drop of 33%. The guideline value then increased substantially to Rs 4,500 per sq.ft in 2023, followed by a further increase to Rs 4,950 per sq.ft in 2024, representing a 10% rise.

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

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that have a guideline value for 2024, 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, which means that the 2024 figure for Indra Nagar 16th Lane is below that median.

Stamp duty and registration fee for property in Indra Nagar 16th 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 cost for stamp duty and registration fees 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.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Indra Nagar 16th Lane?

The Sub Registrar Office that covers Indra Nagar 16th 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, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Thiruvanmiyur. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

At the time of registration, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives a fair share of revenue from property transactions.

Frequently asked questions

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

The current guideline value of Indra Nagar 16th 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 this period.

What are the stamp duty and registration fees for a property in Indra Nagar 16th Lane?

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 Sub Registrar Office handles registrations for Indra Nagar 16th Lane?

The Chennai South Joint I Sub Registrar Office handles registrations for Indra Nagar 16th Lane, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.

What is the median guideline value in Thiruvanmiyur?

The median guideline value in Thiruvanmiyur is Rs 9,900 per sq.ft, indicating that the guideline value for Indra Nagar 16th Lane is below this median.