Guideline Value

Corporate

Guideline Value for INDRA NAGAR 7TH STREET

₹4950/sq.ft.

The guideline value for Indra Nagar 7th Street in Thiruvanmiyur village (Chennai South Joint I SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruvanmiyur

Village

Chennai South Joint I

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹4950 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1153 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1042 /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 7th Street

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Indra Nagar 7th Street guideline value

The current guideline value of Indra Nagar 7th Street is Rs 4,950 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 IV Type - II.

How the guideline value of Indra Nagar 7th Street has changed

The guideline value for Indra Nagar 7th Street has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 1,042 per sq.ft. It increased to Rs 1,153 per sq.ft in 2003, marking an increase of 11%. The 2007 revision saw a significant jump to Rs 1,300 per sq.ft, which was a 13% increase. By 2012, the value rose dramatically to Rs 4,500 per sq.ft, reflecting a 246% increase. However, in 2017, it decreased to Rs 3,015 per sq.ft, a drop of 33%. The value then increased again to Rs 4,500 per sq.ft in 2023, and finally, it reached the current figure of Rs 4,950 per sq.ft in 2024, representing a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 375%. There are no figures available for the revisions in years not listed 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, with the median value being Rs 9,900 per sq.ft. The guideline value of Indra Nagar 7th Street is below this median.

Stamp duty and registration fee for property in Indra Nagar 7th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value would be Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, bringing the total cost for these fees to Rs 4,45,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Indra Nagar 7th Street?

The Sub Registrar Office that covers Indra Nagar 7th 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 crucial factor during property registration in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to a transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during the sale process.

When a property is sold, the registration office uses the guideline value to calculate the necessary fees. This value is essential for both buyers and sellers to understand, as it impacts the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Indra Nagar 7th Street?

The current guideline value of Indra Nagar 7th Street is Rs 4,950 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 1,042 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, marking an overall increase of 375% over this period.

What is the land classification for Indra Nagar 7th Street?

The land classification for Indra Nagar 7th Street is Residential Class IV Type - II.

Where is the Sub Registrar Office for Indra Nagar 7th Street located?

The Sub Registrar Office for Indra Nagar 7th Street is 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 7th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 49,50,000 would incur a stamp duty of Rs 3,46,500 at 7%.