Guideline Value

Corporate

Guideline Value for Indira Nagar / Street

₹5500/sq.ft.

The guideline value for Indira Nagar / Street in Konnur village (Konnur SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. It was Rs 5000 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

Konnur

Village

Konnur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /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 Register Office , Villivakkam Panchat,union Office Complex ,dunlop Bus Stop ,ambattur ,chennai
044-26173020
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 / Street

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Indira Nagar / Street guideline value

The current guideline value of Indira Nagar / Street in Konnur village, under the Konnur SRO, is Rs 5,500 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Indira Nagar / Street has changed

The guideline value for Indira Nagar / Street has seen several revisions over the years. In the 2007 revision, the value was set at Rs 700 per sq.ft. This figure increased significantly to Rs 5,000 per sq.ft in the 2012 revision, marking a remarkable increase of 614%. However, the 2017 revision saw a decrease to Rs 3,350 per sq.ft, a drop of 33%. The value rebounded to Rs 5,000 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 5,500 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures for the revisions in 2002 and 2003 for this street. The overall change from the 2007 revision to the 2024 revision is an increase of 686%.

Guideline values in Konnur

Konnur village has a total of 249 streets under the Konnur SRO, with guideline values ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median guideline value in this area is Rs 3,800 per sq.ft, placing Indira Nagar / Street's 2024 figure above this median.

Stamp duty and registration fee for property in Indira Nagar / Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Indira Nagar / Street?

The Sub Registrar Office that covers Indira Nagar / Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Konnur. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these fees are based on a standardized valuation.

Frequently asked questions

What is the current guideline value of Indira Nagar / Street?

The current guideline value of Indira Nagar / Street is Rs 5,500 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 700 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 686% over the years.

What are the other streets in Konnur with their guideline values?

Other streets in Konnur include Janakiram Reddy Colony & Street at Rs 3,800 per sq.ft, G.K.M. Colony 44th Street at Rs 5,500 per sq.ft, and G.K.M. Colony 43th Street Thillaiyadi Valliammai Street at Rs 6,000 per sq.ft, among others.

How is stamp duty calculated for properties in Indira Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 at a rate of 7%.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Konnur Sub Registrar Office located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For more details, you can use the provided link to find your SRO.