Guideline Value

Corporate

Guideline Value for INDRA NAGAR MAIN ROAD

₹2530/sq.ft.

The guideline value for Indra Nagar Main Road in Manapakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 2530 per sq.ft, effective 1 July 2024. It was Rs 2300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Manapakkam

Village

Chennai South Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2530 /sq.ft.
From 1-4-2023 ₹2300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1541 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹600 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
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 Main Road

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Indra Nagar Main Road guideline value

The current guideline value of Indra Nagar Main Road is Rs 2,530 per sq.ft, effective from 1 July 2024. This road is located in Manapakkam village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Indra Nagar Main Road has changed

The guideline value for Indra Nagar Main Road has seen significant changes over the years. In the 2007 revision, the guideline value was Rs 600 per sq.ft, which increased dramatically to Rs 2,300 per sq.ft in 2012, marking an increase of 283%. However, from 2012 to 2017, the value decreased to Rs 1,541 per sq.ft, a drop of 33%. The 2023 revision set the value at Rs 2,300 per sq.ft, which then rose to Rs 2,530 per sq.ft in the 2024 revision, reflecting a 10% increase.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 322%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 12,800 per sq.ft. The median value for these streets is Rs 2,530 per sq.ft, which is equal to the current guideline value for Indra Nagar Main Road.

Stamp duty and registration fee for property in Indra Nagar Main Road

For a 1,000 sq.ft plot at the current rate of Rs 2,530 per sq.ft, the guideline value amounts to Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, totaling Rs 2,27,700. 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 more details.

Which Sub Registrar Office covers Indra Nagar Main Road?

The Sub Registrar Office that covers Indra Nagar 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 Manapakkam

The guideline value is a critical factor when registering property in Manapakkam. It serves as a benchmark for determining the stamp duty and registration fees payable during a property transaction. Buyers and sellers should be aware that the guideline value can influence the overall costs associated with property transfers.

When purchasing property, the guideline value will be used to calculate the necessary fees, ensuring that all transactions are compliant with local regulations. It is advisable to check the current guideline values before proceeding with any property deals in the area.

Frequently asked questions

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

The current guideline value of Indra Nagar Main Road is Rs 2,530 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased significantly, from Rs 600 per sq.ft to Rs 2,530 per sq.ft in 2024, marking an overall increase of 322%.

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

For a property valued at Rs 25,30,000, the stamp duty would be Rs 1,77,100 and the registration fee would be Rs 50,600, totaling Rs 2,27,700.

Which Sub Registrar Office covers Indra Nagar Main Road?

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

What is the land classification for Indra Nagar Main Road?

The land classification for Indra Nagar Main Road is Residential Class II Type - I.