Guideline Value

Corporate

Guideline Value for Indhra Nagar

₹550/sq.ft.

The guideline value for Indhra Nagar in Pammathukulam village (Redhills SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 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

Pammathukulam

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /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)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Indhra Nagar

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Indhra Nagar guideline value

The current guideline value of Indhra Nagar, located in Pammathukulam village under the Redhills SRO, is Rs 550 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Indhra Nagar has changed

Starting from the 2007 revision, the guideline value for Indhra Nagar was Rs 200 per sq.ft. This figure increased significantly to Rs 500 per sq.ft in the 2012 revision, marking a 150% rise. However, in the 2017 revision, the value decreased to Rs 335 per sq.ft, reflecting a 33% drop. The value then saw a substantial increase to Rs 500 per sq.ft in 2023, which was a 49% rise from the previous figure. The most recent revision in 2024 set the guideline value at Rs 550 per sq.ft, which is a 10% increase from 2023.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 175%.

Guideline values in Pammathukulam

Pammathukulam village has a total of 101 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 825 per sq.ft. The median value for these streets is Rs 550 per sq.ft, which is equal to the guideline value of Indhra Nagar.

Stamp duty and registration fee for property in Indhra Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, while the registration fee at 2% would be Rs 11,000, bringing the total cost for these fees to Rs 49,500. It is essential to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Indhra Nagar?

The Indhra Nagar area is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Pammathukulam, as it determines the minimum value at which properties can be registered. When buying or selling a property, the guideline value helps in assessing the applicable stamp duty and registration fees, ensuring compliance with local regulations.

During the registration process, buyers and sellers must refer to the guideline value to calculate the necessary fees. This value serves as a benchmark for property transactions, ensuring that all parties adhere to the legal requirements set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Indhra Nagar?

The current guideline value of Indhra Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, reflecting an overall increase of 175% over the years.

What are the other streets in Pammathukulam?

Other streets in Pammathukulam include Ishwaryam Nagar Extn.1, Iswariam Nagar Extn., Iswariam Nagar Extn. II, Green Park Chennai Meadows, Green Park, and Jagathambal Nagar, each with their respective guideline values for 2024.

What is the stamp duty rate for properties in Indhra Nagar?

The stamp duty rate for properties in Indhra Nagar is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Indhra Nagar?

The Sub Registrar Office covering Indhra Nagar is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.