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Guideline Value for Indira Nagar (2nd Main Road) - Kamarajar Street

₹4400/sq.ft.

The guideline value for Indira Nagar (2nd Main Road) - Kamarajar Street in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. 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 N/A
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 (2nd Main Road) - Kamarajar Street

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Indira Nagar (2nd Main Road) - Kamarajar Street guideline value

The current guideline value for Indira Nagar (2nd Main Road) - Kamarajar Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the Virugambakkam SRO, and is classified as Residential Class I Type - II.

How the guideline value of Indira Nagar (2nd Main Road) - Kamarajar Street has changed

The guideline value for Indira Nagar (2nd Main Road) - Kamarajar Street has undergone several revisions over the years. In 2007, the guideline value was Rs 650 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, it then decreased to Rs 2,680 per sq.ft in 2017. The most recent revision in 2024 shows a substantial increase to Rs 4,400 per sq.ft, reflecting a 64% rise from the 2017 figure.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 577%. The register does not provide figures for the years 2002, 2003, and 2023 for this street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with 2024 guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 3,850 per sq.ft, making the guideline value for Indira Nagar (2nd Main Road) - Kamarajar Street above the median.

Stamp duty and registration fee for property in Indira Nagar (2nd Main Road) - Kamarajar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. 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 Indira Nagar (2nd Main Road) - Kamarajar Street?

The Sub Registrar Office that covers Indira Nagar (2nd Main Road) - Kamarajar 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 more information.

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

The guideline value plays a crucial role during the registration of property transactions in Valasaravakkam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value ensures that all transactions are recorded at a standard value, which helps in maintaining transparency in property dealings. It is essential for buyers and sellers to be aware of the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value for Indira Nagar (2nd Main Road) - Kamarajar Street?

The current guideline value for Indira Nagar (2nd Main Road) - Kamarajar 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, marking an overall increase of 577% over the years.

What is the land classification for Indira Nagar (2nd Main Road) - Kamarajar Street?

Indira Nagar (2nd Main Road) - Kamarajar Street is classified as Residential Class I Type - II.

What is the registration office for this street?

The registration office covering Indira Nagar (2nd Main Road) - Kamarajar Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

Is there a calculator for stamp duty and registration fees?

Yes, there is a stamp duty and registration fee calculator available for calculating the applicable fees based on the guideline value.