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Guideline Value

Corporate

Guideline Value for INDRA NAGAR 3RD AVENUE

₹12660/sq.ft.

The guideline value for Indra Nagar 3rd 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 ₹3000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1635 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1478 /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 3rd Avenue

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Indra Nagar 3rd Avenue guideline value

The current guideline value for Indra Nagar 3rd 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 3rd Avenue has changed

The guideline value for Indra Nagar 3rd Avenue has seen significant changes over the years. In 2002, the value was Rs 1,478 per sq.ft, which increased to Rs 1,635 per sq.ft in 2003, marking an 11% rise. By 2007, the value jumped to Rs 3,000 per sq.ft, reflecting an 83% increase. The next revision in 2012 saw a decrease to Rs 11,500 per sq.ft, a drop of 33%. In 2017, the value rose again to Rs 7,705 per sq.ft, and by 2023, it had increased to Rs 11,500 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 12,660 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 757%. The revisions for the years 2012 and 2017 do not have figures specifically listed for this street in the register.

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 the area is Rs 9,900 per sq.ft, placing Indra Nagar 3rd Avenue's 2024 figure above this median.

Stamp duty and registration fee for property in Indra Nagar 3rd Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 12,660 per sq.ft, the total guideline value would be 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, together amounting to Rs 11,39,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Indra Nagar 3rd Avenue?

The Sub Registrar Office that covers Indra Nagar 3rd 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 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 need to be paid at the time of registration.

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

Frequently asked questions

What is the current guideline value of Indra Nagar 3rd Avenue?

The current guideline value of Indra Nagar 3rd 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 from Rs 1,478 per sq.ft in 2002 to Rs 12,660 per sq.ft in 2024, marking an overall increase of 757% over the years.

What is the land classification for Indra Nagar 3rd Avenue?

The land classification for Indra Nagar 3rd Avenue is Commercial Class I Type - I.

Where can I find the Sub Registrar Office for Indra Nagar 3rd Avenue?

The Sub Registrar Office for Indra Nagar 3rd 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.

How is stamp duty calculated for properties in Indra Nagar 3rd Avenue?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 1,26,60,000, the stamp duty would be Rs 8,86,200 at 7%.