Guideline Value

Corporate

Guideline Value for INDRA NAGAR 4TH AVENUE

₹12660/sq.ft.

The guideline value for Indra Nagar 4th 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 ₹2405 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹2174 /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 4th Avenue

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Indra Nagar 4th Avenue guideline value

The current guideline value of Indra Nagar 4th 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, classified as Commercial Class I Type - I.

How the guideline value of Indra Nagar 4th Avenue has changed

The guideline value for Indra Nagar 4th Avenue has undergone several revisions over the years. In 2002, the value was Rs 2,174 per sq.ft, which increased to Rs 2,405 per sq.ft in 2003, marking an increase of 11%. The value saw a significant rise to Rs 3,000 per sq.ft in 2007, representing a 25% increase. In 2012, it was recorded again at Rs 11,500 per sq.ft, a substantial increase of 283%. However, the value dropped by 33% to Rs 7,705 per sq.ft in 2017. The next revision in 2023 brought the value back up to Rs 11,500 per sq.ft, and the most recent revision in 2024 set the value at Rs 12,660 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 482%. The register has no figure for the years not listed above.

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 value for these streets is Rs 9,900 per sq.ft, placing Indra Nagar 4th Avenue's 2024 figure above that median.

Stamp duty and registration fee for property in Indra Nagar 4th Avenue

For a 1,000 sq.ft plot at the current rate of Rs 12,660 per sq.ft, the guideline value amounts to 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, totaling Rs 11,39,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Indra Nagar 4th Avenue?

The Sub Registrar Office that covers Indra Nagar 4th 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 crucial when registering property transactions in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the taxes owed. This value is compared to the sale price, and the higher of the two figures is used to determine the applicable duty, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Indra Nagar 4th Avenue?

The current guideline value of Indra Nagar 4th 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 2,174 per sq.ft in 2002 to Rs 12,660 per sq.ft in 2024, reflecting an overall increase of 482% over the years.

What is the median guideline value in Thiruvanmiyur?

The median guideline value for the 484 streets in Thiruvanmiyur is Rs 9,900 per sq.ft, with Indra Nagar 4th Avenue's value being above this median.

What are the stamp duty and registration fees for property in Indra Nagar 4th Avenue?

For a property valued at Rs 1,26,60,000, the stamp duty would be Rs 8,86,200, and the registration fee would be Rs 2,53,200, totaling Rs 11,39,400.

Which office handles registrations for Indra Nagar 4th Avenue?

The Chennai South Joint I Sub Registrar Office handles registrations for Indra Nagar 4th Avenue, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.