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Guideline Value

Corporate

Guideline Value for INDRA NAGAR 18TH CROSS STREET

₹4950/sq.ft.

The guideline value for Indra Nagar 18th Cross Street 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 ₹1153 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1042 /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 18th Cross Street

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Indra Nagar 18th Cross Street guideline value

The current guideline value of Indra Nagar 18th Cross Street 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 18th Cross Street has changed

The guideline value for Indra Nagar 18th Cross Street has seen several revisions over the years. In 2002, the value was Rs 1,042 per sq.ft, which increased to Rs 1,153 per sq.ft in 2003, marking a change of +11%. The value then rose by +13% to Rs 1,300 per sq.ft in 2007. A significant increase occurred between 2007 and 2012, where the value surged by +246% to Rs 4,500 per sq.ft. However, the value decreased by -33% to Rs 3,015 per sq.ft in 2017. The guideline value then increased by +49% to Rs 4,500 per sq.ft in 2023, and finally rose by +10% to the current rate of Rs 4,950 per sq.ft in 2024.

There are no figures available for the revisions in the years not listed above. The overall change from 2002 to 2024 reflects an increase of +375% in the guideline value for this street.

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 value for these streets is Rs 9,900 per sq.ft, indicating that the guideline value for Indra Nagar 18th Cross Street is below this median.

Stamp duty and registration fee for property in Indra Nagar 18th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value amounts to Rs 49,50,000. The stamp duty, calculated at 7%, would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, bringing the total charges 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 more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Indra Nagar 18th Cross Street?

The Sub Registrar Office that covers Indra Nagar 18th 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 more information.

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

The guideline value is a critical 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 will influence the overall cost of registration.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the stamp duty. This ensures that the registration fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Indra Nagar 18th Cross Street?

The current guideline value of Indra Nagar 18th Cross Street 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 1,042 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 median guideline value for streets in Thiruvanmiyur?

The median guideline value for the 484 streets in Thiruvanmiyur is Rs 9,900 per sq.ft, which indicates that Indra Nagar 18th Cross Street's value is below this median.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in this area is calculated at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Indra Nagar 18th Cross Street located?

The Sub Registrar Office for Indra Nagar 18th Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.