Guideline Value

Corporate

Guideline Value for Indira Nagar 11th Cross Street

₹6600/sq.ft.

The guideline value for Indira Nagar 11th Cross Street in Kazhikundram village (Adayar SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 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

Kazhikundram

Village

Adayar

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹3000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1600 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹707 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

51, Kamaraj Avenue,second Street, Adyar, Chennai-20
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 11th Cross Street

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Indira Nagar 11th Cross Street guideline value

The current guideline value of Indira Nagar 11th Cross Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Kazhikundram village and falls under the Adayar SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Indira Nagar 11th Cross Street has changed

The guideline value for Indira Nagar 11th Cross Street has seen several revisions over the years. In 2002, the guideline value was Rs 707 per sq.ft. This increased to Rs 1,600 per sq.ft in 2003, marking a significant rise of 126%. The value continued to grow, reaching Rs 3,000 per sq.ft in 2007, which was an increase of 88%. By 2012, the value was Rs 6,000 per sq.ft, reflecting a 100% increase from the previous revision. However, it dropped to Rs 4,020 per sq.ft in 2017, a decrease of 33%.

In 2023, the guideline value was revised to Rs 6,000 per sq.ft, and the latest revision in 2024 set it at Rs 6,600 per sq.ft, representing a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 834%. There are no figures available for the years not mentioned in this register for this street.

Guideline values in Kazhikundram

Kazhikundram village has 68 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 12,700 per sq.ft, with the median being Rs 6,600 per sq.ft. The guideline value for Indira Nagar 11th Cross Street aligns with this median.

Stamp duty and registration fee for property in Indira Nagar 11th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, while the registration fee at 2% would be Rs 1,32,000. Together, the total cost for these fees would be Rs 5,94,000. 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 11th Cross Street?

The Sub Registrar Office that covers Indira Nagar 11th Cross Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, Chennai registration zone. 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 benchmark for determining the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the property transfer, helping to facilitate a smooth transaction.

Frequently asked questions

What is the current guideline value of Indira Nagar 11th Cross Street?

The current guideline value of Indira Nagar 11th Cross Street is Rs 6,600 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 707 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 834% over the years.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value or sale price.

Which Sub Registrar Office covers this street?

The Adayar Sub Registrar Office covers Indira Nagar 11th Cross Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What are the guideline values of other streets in Kazhikundram?

Other streets in Kazhikundram have varying guideline values, with some streets like Indira Nagar 10th Cross Road and Indira Nagar 12th Cross Road at Rs 9,900 per sq.ft, while others like Indira Nagar 13th Cross Street are at Rs 6,600 per sq.ft.