Guideline Value for INDRA NAGAR 25TH CROSS STREET

Indra Nagar 25th Cross Street guideline value

The current guideline value of Indra Nagar 25th 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 25th Cross Street has changed

The guideline value for Indra Nagar 25th Cross Street has undergone several revisions over the years. The earliest recorded figure is from 2002, with a value of Rs 1,043 per sq.ft. This increased to Rs 1,154 per sq.ft in 2003, marking a change of +11%. Following this, the value rose significantly to Rs 1,800 per sq.ft in 2007, reflecting a +56% increase. The next revision in 2012 saw a decrease to Rs 7,500 per sq.ft, a -33% change. The value then increased again to Rs 5,025 per sq.ft in 2017, which was a +49% change. The most recent revision in 2023 set the guideline value at Rs 7,500 per sq.ft, before it rose to Rs 8,250 per sq.ft in 2024, a +10% increase.

It is important to note that the register has no figure for this street for the years not specifically mentioned. The overall change from 2002 to 2024 represents a significant increase of +691%.

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, placing Indra Nagar 25th Cross Street's 2024 figure below that median.

• Indra Nagar 24th Cross Street: Rs 8,250 per sq.ft (2024)
• Indra Nagar 28th Cross Street: Rs 8,250 per sq.ft (2024)
• Indra Nagar 23rd Cross Street: Rs 8,250 per sq.ft (2024)
• Indra Nagar 29th Cross Street: Rs 8,250 per sq.ft (2024)
• Indra Nagar 22nd Cross Street: Rs 8,250 per sq.ft (2024)
• Indra Nagar 2nd Avenue: Rs 12,660 per sq.ft (2024)

Stamp duty and registration fee for property in Indra Nagar 25th 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 be Rs 5,77,500, and the registration fee at 2% would be Rs 1,65,000, bringing the total to 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Indra Nagar 25th Cross Street?

The Sub Registrar Office that covers Indra Nagar 25th 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 plays a crucial role during the registration process when buying or selling property in Thiruvanmiyur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two values is used to determine the applicable duties and fees. This ensures that the registration process reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Indra Nagar 25th Cross Street?

The current guideline value of Indra Nagar 25th 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 1,043 per sq.ft in 2002 to the current Rs 8,250 per sq.ft in 2024, reflecting an overall increase of +691% over this period.

What is the median guideline value for streets 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, with Indra Nagar 25th Cross Street's value being below this median.

What are the stamp duty and registration fees for a property in Indra Nagar 25th Cross Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 5,77,500 and the registration fee would be Rs 1,65,000, totaling Rs 7,42,500.

Which office handles the registration for Indra Nagar 25th Cross Street?

The Chennai South Joint I Sub Registrar Office handles the registration for Indra Nagar 25th Cross Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.