Guideline Value

Corporate

Guideline Value for INDRA NAGAR 4TH MAIN ROAD

₹12660/sq.ft.

The guideline value for Indra Nagar 4th 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 ₹1800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1453 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1313 /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 Main Road

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Indra Nagar 4th Main Road guideline value

The current guideline value of Indra Nagar 4th 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 4th Main Road has changed

Over the years, the guideline value of Indra Nagar 4th Main Road has seen significant changes. The earliest recorded figure is from 2002, which was Rs 1,313 per sq.ft. This value increased to Rs 1,453 per sq.ft in 2003, marking an increase of 11%. By 2007, the guideline value rose dramatically to Rs 1,800 per sq.ft, reflecting a 24% increase. The value then saw a substantial jump to Rs 11,500 per sq.ft in 2012, which was a remarkable increase of 539%. However, it decreased to Rs 7,705 per sq.ft in 2017, a drop of 33%. The value then increased to Rs 11,500 per sq.ft in 2023, followed by the current value of Rs 12,660 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 864%. The register does not contain figures for any years other than those mentioned.

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 4th Main Road above that median.

Stamp duty and registration fee for property in Indra Nagar 4th 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 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, together totaling Rs 11,39,400. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Indra Nagar 4th Main Road?

The Sub Registrar Office that covers Indra Nagar 4th 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 in the registration process when buying or selling property in Thiruvanmiyur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and standardization in property transactions.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers and sellers must be aware of these values to ensure compliance with local regulations during the transaction process.

Frequently asked questions

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

The current guideline value of Indra Nagar 4th 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 1,313 per sq.ft in 2002 to Rs 12,660 per sq.ft in 2024, reflecting an overall increase of 864% over the years.

What is the land classification for Indra Nagar 4th Main Road?

The land classification for Indra Nagar 4th Main Road is Commercial Class I Type - I.

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

For a 1,000 sq.ft property, the total guideline value is Rs 1,26,60,000. The stamp duty at 7% is Rs 8,86,200, and the registration fee at 2% is Rs 2,53,200, totaling Rs 11,39,400.

Which Sub Registrar Office covers this area?

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