Guideline Value

Corporate

Guideline Value for INDRA NAGAR 1ST AVENUE

₹12660/sq.ft.

The guideline value for Indra Nagar 1st Avenue in Thiruvanmiyur village (Chennai South Joint I SRO, Chennai zone) is Rs 12660 per sq.ft, effective 1 July 2024. It was Rs 11500 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruvanmiyur

Village

Chennai South Joint I

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹12660 /sq.ft.
From 1-4-2023 ₹11500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹7705 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹11500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹924 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹835 /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 1st Avenue

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Indra Nagar 1st Avenue guideline value

The current guideline value of Indra Nagar 1st Avenue is Rs 12,660 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 Commercial Class I Type - I.

How the guideline value of Indra Nagar 1st Avenue has changed

The guideline value of Indra Nagar 1st Avenue has seen significant changes over the years. In 2002, the guideline value was Rs 835 per sq.ft. This increased to Rs 924 per sq.ft in 2003, marking an increase of 11%. The value then rose by 41% to reach Rs 1,300 per sq.ft in 2007. Following this, there was a substantial jump of 785%, bringing the guideline value to Rs 11,500 per sq.ft in 2012. However, it saw a decrease of 33% to Rs 7,705 per sq.ft in 2017. The value then increased by 49% to Rs 11,500 per sq.ft in 2023, and finally, it rose by 10% to the current value of Rs 12,660 per sq.ft in 2024.

There are no figures available for the revisions in the years not mentioned in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 1416%.

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, making the 2024 figure for Indra Nagar 1st Avenue above the median.

Stamp duty and registration fee for property in Indra Nagar 1st Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 12,660 per sq.ft, the total guideline value amounts to Rs 1,26,60,000. The stamp duty at 7% would be Rs 8,86,200, and the registration fee at 2% would be Rs 2,53,200, totaling Rs 11,39,400. 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 details.

Which Sub Registrar Office covers Indra Nagar 1st Avenue?

The Sub Registrar Office that covers Indra Nagar 1st Avenue 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 when buying or selling property in Thiruvanmiyur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value for accurate financial planning during transactions.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. It ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Indra Nagar 1st Avenue?

The current guideline value of Indra Nagar 1st Avenue is Rs 12,660 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 835 per sq.ft in 2002 to Rs 12,660 per sq.ft in 2024, showing an overall increase of 1416% over this period.

What is the land classification for Indra Nagar 1st Avenue?

The land classification for Indra Nagar 1st Avenue is Commercial Class I Type - I, indicating its suitability for commercial activities.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 12,660 per sq.ft, the stamp duty is calculated at 7%, and the registration fee at 2%, totaling Rs 11,39,400 for a 1,000 sq.ft plot.

Which office handles the registration for Indra Nagar 1st Avenue?

The Chennai South Joint I Sub Registrar Office handles the registration for Indra Nagar 1st Avenue, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.