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Guideline Value for Indira Nagar (1st Main Road) - Annai Kasthuribai Street

₹4400/sq.ft.

The guideline value for Indira Nagar (1st Main Road) - Annai Kasthuribai Street in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Valasaravakkam

Village

Virugambakkam

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹650 /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)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 Indira Nagar (1st Main Road) - Annai Kasthuribai Street

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Indira Nagar (1st Main Road) - Annai Kasthuribai Street guideline value

The current guideline value for Indira Nagar (1st Main Road) - Annai Kasthuribai Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Indira Nagar (1st Main Road) - Annai Kasthuribai Street has changed

Over the years, the guideline value for Indira Nagar (1st Main Road) - Annai Kasthuribai Street has seen significant changes. In 2007, the guideline value was Rs 650 per sq.ft, which increased dramatically to Rs 4,000 per sq.ft in 2012, marking a rise of 515%. However, between 2012 and 2017, the value decreased to Rs 2,680 per sq.ft, a decline of 33%. The value then rose again to Rs 4,000 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 has set the guideline value at Rs 4,400 per sq.ft, which is a 10% increase from the previous year.

The register does not have figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 577%.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 3,850 per sq.ft, placing the 2024 value of Indira Nagar (1st Main Road) - Annai Kasthuribai Street above this median.

Stamp duty and registration fee for property in Indira Nagar (1st Main Road) - Annai Kasthuribai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Indira Nagar (1st Main Road) - Annai Kasthuribai Street?

The Sub Registrar Office that covers Indira Nagar (1st Main Road) - Annai Kasthuribai Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the property registration process in Valasaravakkam. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the guideline value is compared to the sale price. The higher of the two values is used to determine the applicable duties and fees, which must be paid at the time of registration to complete the sale legally.

Frequently asked questions

What is the current guideline value of Indira Nagar (1st Main Road) - Annai Kasthuribai Street?

The current guideline value of Indira Nagar (1st Main Road) - Annai Kasthuribai Street is Rs 4,400 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 650 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, representing an overall increase of 577% over this period.

What are the other streets with the same guideline value in Valasaravakkam?

Other streets in Valasaravakkam with the same guideline value of Rs 4,400 per sq.ft include Indira Nagar (2nd Main Road) - Kamarajar Street, Indira Nagar Annai Therrasa Street, Indira Nagar - Dr.Muthulakshmi Street, Indira Nagar - Karaikal Ammaiyar 1st Cross Street, Indira Nagar - Karaikal Ammaiyar 2nd Cross Street, and Indira Nagar - Karaikal Ammaiyar Street.

What is the stamp duty for a property in Indira Nagar (1st Main Road) - Annai Kasthuribai Street?

The stamp duty for a property in Indira Nagar (1st Main Road) - Annai Kasthuribai Street is 7% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 3,08,000.

Where can I find the Sub Registrar Office for Indira Nagar (1st Main Road) - Annai Kasthuribai Street?

The Sub Registrar Office for Indira Nagar (1st Main Road) - Annai Kasthuribai Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.