Guideline Value

Corporate

Guideline Value for INDRA NAGAR 8TH STREET

₹4950/sq.ft.

The guideline value for Indra Nagar 8th 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 8th Street

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Indra Nagar 8th Street guideline value

The current guideline value of Indra Nagar 8th Street is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village, under the Chennai South Joint I SRO, and falls under the Residential Class IV Type - II land classification.

How the guideline value of Indra Nagar 8th Street has changed

The guideline value for Indra Nagar 8th Street has seen several revisions over the years. The earliest figure recorded in the register is from 2002, with a value of Rs 1,042 per sq.ft. This increased to Rs 1,153 per sq.ft in 2003, marking an increase of 11%. In 2007, the value rose significantly to Rs 1,300 per sq.ft, which was a 13% increase. The value then experienced a substantial jump to Rs 4,500 per sq.ft in 2012, reflecting a 246% increase. However, it dropped to Rs 3,015 per sq.ft in 2017, a decrease of 33%. The guideline value then increased to Rs 4,500 per sq.ft in 2023, followed by the current value of Rs 4,950 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 375%. The register has no figures for the years not explicitly mentioned, ensuring that the data reflects only the recorded revisions.

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 8th Street's 2024 figure below that median.

Stamp duty and registration fee for property in Indra Nagar 8th Street

For a 1,000 sq.ft plot at the current rate of Rs 4,950 per sq.ft, the guideline value amounts to 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, totaling 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Indra Nagar 8th Street?

The Sub Registrar Office that covers Indra Nagar 8th 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 additional assistance.

How the guideline value is used when you buy or sell in Thiruvanmiyur

The guideline value is an essential factor in the registration process when buying or selling property in Thiruvanmiyur. It serves as a reference point for determining the applicable stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property transaction occurs, the guideline value helps ensure that the transaction is recorded accurately and transparently. It is crucial for buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Indra Nagar 8th Street?

The current guideline value of Indra Nagar 8th 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 the current value of Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 375%.

What are the stamp duty and registration fees for property in Indra Nagar 8th Street?

For a property valued at Rs 49,50,000, the stamp duty would be Rs 3,46,500 and the registration fee would be Rs 99,000, totaling Rs 4,45,500.

Which office manages the registration for Indra Nagar 8th Street?

The Chennai South Joint I Sub Registrar Office manages the registration for Indra Nagar 8th Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the guideline value determined for properties in Thiruvanmiyur?

The guideline value is determined based on various factors and is revised periodically. It serves as a reference for calculating stamp duty and registration fees during property transactions.