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Guideline Value

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Guideline Value for INDRA NAGAR 29TH CROSS STREET

₹8250/sq.ft.

The guideline value for Indra Nagar 29th Cross Street in Thiruvanmiyur village (Chennai South Joint I SRO, Chennai zone) is Rs 8250 per sq.ft, effective 1 July 2024. It was Rs 7500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruvanmiyur

Village

Chennai South Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹8250 /sq.ft.
From 1-4-2023 ₹7500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5025 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹7500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1407 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1272 /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 29th Cross Street

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Indra Nagar 29th Cross Street guideline value

The current guideline value for Indra Nagar 29th 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 29th Cross Street has changed

The guideline value for Indra Nagar 29th Cross Street has undergone several revisions over the years. In 2002, the guideline value was Rs 1,272 per sq.ft. This increased to Rs 1,407 per sq.ft in 2003, marking an 11% rise. The value then saw a 28% increase to Rs 1,800 per sq.ft in 2007. Following this, the value surged by 317% to Rs 7,500 per sq.ft in 2012. However, it then decreased by 33% to Rs 5,025 per sq.ft in 2017. The value rose again by 49% to Rs 7,500 per sq.ft in 2023, and most recently, it increased by 10% to the current value of Rs 8,250 per sq.ft in 2024.

It is important to note that there are no figures available for the revisions in the years not listed in the register for this street.

Guideline values in Thiruvanmiyur

Within Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO, with guideline values 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 29th Cross Street's 2024 figure below that median.

Stamp duty and registration fee for property in Indra Nagar 29th 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 fees together to Rs 7,42,500. It is important to note that 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 29th Cross Street?

The Sub Registrar Office that covers Indra Nagar 29th 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 that must be paid at the time of the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value for Indra Nagar 29th Cross Street?

The current guideline value for Indra Nagar 29th 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 several times, starting from Rs 1,272 per sq.ft in 2002 to the current value of Rs 8,250 per sq.ft in 2024, reflecting various increases and decreases in value over the years.

What is the land classification for Indra Nagar 29th Cross Street?

Indra Nagar 29th Cross Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is typically charged at 7% of the guideline value or sale price, whichever is higher, along with a registration fee of 2%.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Indra Nagar 29th Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find more information through the provided link.