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Guideline Value

Corporate

Guideline Value for Indira Nagar 10th Cross Road

₹9900/sq.ft.

The guideline value for Indira Nagar 10th Cross Road in Kazhikundram village (Adayar 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 Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kazhikundram

Village

Adayar

SRO

Residential Special 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 N/A
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.161(71/6), L.b Road (dr.muthulakshmi Salai) Tnhb Building,third Floor,thiruvanmiyur,chennai-600041
044-24415011
[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 10th Cross Road

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Indira Nagar 10th Cross Road guideline value

The current guideline value of Indira Nagar 10th Cross Road is Rs 9,900 per sq.ft, effective from 1 July 2024. This road is located in Kazhikundram village, under the Adayar SRO, and is classified as Residential Special Type - I.

How the guideline value of Indira Nagar 10th Cross Road has changed

The guideline value for Indira Nagar 10th Cross Road has seen several revisions over the years. The 2012 revision set the value at Rs 9,000 per sq.ft, which was a decrease of 33% from the previous figure of Rs 6,030 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 9,000 per sq.ft, and the latest 2024 revision raised it to Rs 9,900 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kazhikundram

In Kazhikundram, there are 68 streets under the Adayar SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 12,700 per sq.ft. The median value is Rs 6,600 per sq.ft, and the guideline value for Indira Nagar 10th Cross Road is above this median.

Stamp duty and registration fee for property in Indira Nagar 10th Cross Road

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value would be Rs 99,00,000. The stamp duty at 7% would amount to 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 details.

Which Sub Registrar Office covers Indira Nagar 10th Cross Road?

The Sub Registrar Office that covers Indira Nagar 10th Cross Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kazhikundram. It serves as a reference point for calculating the stamp duty and registration fees, which are mandatory for property transactions.

When a property is registered, the guideline value is compared to the sale price. The higher of the two is used to determine the applicable stamp duty, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Indira Nagar 10th Cross Road?

The current guideline value of Indira Nagar 10th Cross Road 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 9,000 per sq.ft in 2012 to Rs 9,900 per sq.ft in 2024, reflecting an overall increase of 10% from 2012 to 2024. The most recent change was a 10% increase from 2023 to 2024.

What is the land classification for Indira Nagar 10th Cross Road?

Indira Nagar 10th Cross Road is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this area?

The Adayar Sub Registrar Office covers Indira Nagar 10th Cross Road, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties in Kazhikundram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 99,00,000, the stamp duty at 7% would be Rs 6,93,000.