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Guideline Value

Corporate

Guideline Value for INDRA NAGAR 3RD MAIN ROAD

₹12660/sq.ft.

The guideline value for Indra Nagar 3rd Main Road 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 ₹2200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1154 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1043 /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 Main Road

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Indra Nagar 3rd Main Road guideline value

The current guideline value of Indra Nagar 3rd Main Road is Rs 12,660 per sq.ft, effective from 1 July 2024. This road 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 Main Road has changed

The guideline value for Indra Nagar 3rd Main Road has seen significant changes over the years. Starting from Rs 1,043 per sq.ft in 2002, the value increased to Rs 1,154 per sq.ft in 2003, marking an increase of 11%. By 2007, the value rose dramatically to Rs 2,200 per sq.ft, reflecting a 91% increase. The 2012 revision saw the value at Rs 11,500 per sq.ft, which was a substantial increase of 423% from 2007. However, from 2012 to 2017, the value decreased by 33% to Rs 7,705 per sq.ft. The subsequent revisions showed a rise to Rs 11,500 per sq.ft in 2023, followed by a further increase of 10% to the current value of Rs 12,660 per sq.ft in 2024.

Overall, from 2002 to 2024, the guideline value has increased by 1114%. The register has no figures for the years not mentioned in the revisions for this street.

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 guideline value for these streets is Rs 9,900 per sq.ft, placing Indra Nagar 3rd Main Road above this median.

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

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 amount to Rs 8,86,200, and the registration fee at 2% would be Rs 2,53,200, bringing the total to Rs 11,39,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Indra Nagar 3rd Main Road?

The Sub Registrar Office that covers Indra Nagar 3rd Main Road 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 is used to determine the stamp duty and registration fees applicable during the transaction. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When a property is registered, the guideline value serves as a benchmark for calculating the taxes owed. Therefore, it is essential for both parties to understand the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Indra Nagar 3rd Main Road 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 1,043 per sq.ft in 2002 to Rs 12,660 per sq.ft in 2024, reflecting an overall increase of 1114% over the years.

What is the land classification for Indra Nagar 3rd Main Road?

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

Which office handles registrations for Indra Nagar 3rd Main Road?

The Chennai South Joint I Sub Registrar Office handles registrations for Indra Nagar 3rd Main Road, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for properties in Thiruvanmiyur?

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 at 7% would be Rs 8,86,200.