Guideline Value

Corporate

Guideline Value for INDRA NAGAR 9TH LANE

₹4950/sq.ft.

The guideline value for Indra Nagar 9th Lane 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 ₹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 9th Lane

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Indra Nagar 9th Lane guideline value

The current guideline value of Indra Nagar 9th Lane 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 9th Lane has changed

The guideline value for Indra Nagar 9th Lane has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 1,043 per sq.ft. This figure increased to Rs 1,154 per sq.ft in 2003, marking an increase of 11%. The next revision in 2007 saw a significant jump to Rs 1,300 per sq.ft, reflecting a 13% rise. In 2012, the value was recorded at Rs 4,500 per sq.ft, showing a remarkable increase of 246% from the previous revision.

From 2012 to 2017, the guideline value decreased to Rs 3,015 per sq.ft, a decline of 33%. However, the value rose again to Rs 4,500 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 has set the guideline value at Rs 4,950 per sq.ft, a 10% increase from the previous year. The register has no figure for the years not 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, with a median value of Rs 9,900 per sq.ft. The guideline value for Indra Nagar 9th Lane is below this median.

Stamp duty and registration fee for property in Indra Nagar 9th Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total 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, bringing the total 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 also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Indra Nagar 9th Lane?

The Sub Registrar Office that covers Indra Nagar 9th Lane 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 property transactions in Thiruvanmiyur. It serves as a benchmark for determining the minimum value at which a property can be registered. 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 applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Indra Nagar 9th Lane?

The current guideline value of Indra Nagar 9th Lane 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, starting from Rs 1,043 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, marking an overall increase of 375% over the years.

What is the land classification for Indra Nagar 9th Lane?

The land classification for Indra Nagar 9th Lane is Residential Class IV Type - II.

Where can I find the Sub Registrar Office for Indra Nagar 9th Lane?

The Sub Registrar Office for Indra Nagar 9th Lane 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.

How is stamp duty calculated for properties in Indra Nagar 9th Lane?

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