Guideline Value

Corporate

Guideline Value for INDRA NAGAR WEST AVENUE

₹9900/sq.ft.

The guideline value for Indra Nagar West Avenue in Thiruvanmiyur village (Chennai South Joint I SRO, Chennai zone) is Rs 9900 per sq.ft, effective 1 July 2024. It was Rs 9000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruvanmiyur

Village

Chennai South Joint I

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹9900 /sq.ft.
From 1-4-2023 ₹9000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹6030 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹9000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1407 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1272 /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 West Avenue

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Indra Nagar West Avenue guideline value

The current guideline value of Indra Nagar West Avenue is Rs 9,900 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village, under the Chennai South Joint I SRO, and is classified as Residential Class I Type - I.

How the guideline value of Indra Nagar West Avenue has changed

The guideline value for Indra Nagar West Avenue has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 1,272 per sq.ft. This increased to Rs 1,407 per sq.ft in 2003, marking a change of +11%. Following this, in 2007, the value rose significantly to Rs 1,800 per sq.ft, reflecting a +28% increase. The years 2007 to 2012 showed a remarkable increase to Rs 9,000 per sq.ft, which was a +400% change. However, the 2012 to 2017 period saw a decrease, with the value dropping to Rs 6,030 per sq.ft, a change of -33%. The value then increased to Rs 9,000 per sq.ft in 2023, showing a +49% rise. The current value of Rs 9,900 per sq.ft in 2024 represents a +10% increase from the previous year.

There are no figures for the years not listed in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by +678%.

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 is Rs 9,900 per sq.ft, which is the same as the 2024 guideline value for Indra Nagar West Avenue.

Stamp duty and registration fee for property in Indra Nagar West Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value amounts to Rs 99,00,000. The stamp duty at 7% would be Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, bringing the total to Rs 8,91,000. 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 more detailed calculations.

Which Sub Registrar Office covers Indra Nagar West Avenue?

The Sub Registrar Office covering Indra Nagar West Avenue 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 transactions in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold. This value is set by the government and is regularly updated to reflect market conditions.

When registering a property, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions, regardless of the actual sale price.

Frequently asked questions

What is the current guideline value of Indra Nagar West Avenue?

The current guideline value of Indra Nagar West Avenue is Rs 9,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,272 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, reflecting an overall increase of +678% over the years.

What is the land classification of Indra Nagar West Avenue?

Indra Nagar West Avenue is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for properties in Indra Nagar West Avenue?

For a property valued at Rs 99,00,000, the stamp duty is Rs 6,93,000 and the registration fee is Rs 1,98,000, totaling Rs 8,91,000.

Which office handles registrations for Indra Nagar West Avenue?

The Chennai South Joint I Sub Registrar Office handles registrations for Indra Nagar West Avenue, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.