Guideline Value

Corporate

Guideline Value for Indira Nagar 12th Cross Road

₹9900/sq.ft.

The guideline value for Indira Nagar 12th 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)

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 12th Cross Road

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Indira Nagar 12th Cross Road guideline value

The current guideline value of Indira Nagar 12th Cross Road is Rs 9,900 per sq.ft, effective from 1 July 2024. This road is located in Kazhikundram village and falls under the Adayar SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Indira Nagar 12th Cross Road has changed

Over the years, the guideline value of Indira Nagar 12th Cross Road has seen several revisions. The 2012 revision set the value at Rs 9,000 per sq.ft, which then decreased to Rs 6,030 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 9,000 per sq.ft in the 2023 revision, and finally rose to Rs 9,900 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From the 2017 revision to 2023, there was a notable increase of 49%. The overall change from the 2012 revision to the 2024 revision shows a 10% increase. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kazhikundram

Kazhikundram village has a total of 68 streets under the Adayar SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 12,700 per sq.ft. The median value among these streets is Rs 6,600 per sq.ft, positioning Indira Nagar 12th Cross Road above this median with its current value of Rs 9,900 per sq.ft.

Stamp duty and registration fee for property in Indira Nagar 12th 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 cost for these fees 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Indira Nagar 12th Cross Road?

The Sub Registrar Office that covers Indira Nagar 12th 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 details.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Kazhikundram. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When a property is sold, the guideline value is used to determine the applicable fees, which are charged based on the higher of the guideline value or the sale price. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Indira Nagar 12th Cross Road?

The current guideline value of Indira Nagar 12th 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 6,030 per sq.ft in 2017, then to Rs 9,000 per sq.ft in 2023, and finally to Rs 9,900 per sq.ft in 2024.

What is the land classification for Indira Nagar 12th Cross Road?

The land classification for Indira Nagar 12th Cross Road is Residential Special Type - I.

Where can I find the registration office for Indira Nagar 12th Cross Road?

The registration office for Indira Nagar 12th Cross Road is the Adayar Sub Registrar Office, 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 guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 99,00,000 would incur a stamp duty of Rs 6,93,000 at a rate of 7%.