Guideline Value for INDRA NAGAR 23RD CROSS STREET

Indra Nagar 23rd Cross Street guideline value

The current guideline value of Indra Nagar 23rd 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 23rd Cross Street has changed

The guideline value for Indra Nagar 23rd Cross Street has seen significant changes over the years. In 2002, the guideline value was Rs 1,478 per sq.ft. This increased to Rs 1,635 per sq.ft in 2003, marking an 11% rise. The value then jumped to Rs 3,000 per sq.ft in 2007, reflecting an 83% increase. By 2012, the value was Rs 7,500 per sq.ft, which represented a 150% increase from the previous revision. However, it decreased to Rs 5,025 per sq.ft in 2017, showing a decline of 33%. The value then rose to Rs 7,500 per sq.ft in 2023, before reaching the current figure of Rs 8,250 per sq.ft in 2024, a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 458%. The register has no figures for the years not listed in this document.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO with 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, positioning Indra Nagar 23rd Cross Street's 2024 figure below that median.

• Indra Nagar 22nd Cross Street: Rs 8,250 per sq.ft (2024)
• Indra Nagar 24th Cross Street: Rs 8,250 per sq.ft (2024)
• Indra Nagar 21st Cross Street: Rs 8,250 per sq.ft (2024)
• Indra Nagar 25th Cross Street: Rs 8,250 per sq.ft (2024)
• Indra Nagar 28th Cross Street: Rs 8,250 per sq.ft (2024)
• Indra Nagar 29th Cross Street: Rs 8,250 per sq.ft (2024)

Stamp duty and registration fee for property in Indra Nagar 23rd Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 8,250 per sq.ft, the guideline value amounts to Rs 82,50,000. The stamp duty at 7% would be Rs 5,77,500, and the registration fee at 2% would be Rs 1,65,000, totaling Rs 7,42,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Indra Nagar 23rd Cross Street?

The Sub Registrar Office that covers Indra Nagar 23rd 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 details.

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

The guideline value is a critical factor when registering property transactions in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded at a standard value, which helps in maintaining transparency in property dealings. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Indra Nagar 23rd Cross Street?

The current guideline value of Indra Nagar 23rd 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 from Rs 1,478 per sq.ft in 2002 to Rs 8,250 per sq.ft in 2024, marking an overall increase of 458% over this period.

What is the land classification for Indra Nagar 23rd Cross Street?

The land classification for Indra Nagar 23rd Cross Street is Residential Class II Type - I.

What is the median guideline value in Thiruvanmiyur?

The median guideline value for the 484 streets in Thiruvanmiyur under the Chennai South Joint I SRO is Rs 9,900 per sq.ft.

Where can I find the Sub Registrar Office for Indra Nagar 23rd Cross Street?

The Sub Registrar Office for Indra Nagar 23rd 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.