Guideline Value for Indira Nagar 13th Street

Indira Nagar 13th Street guideline value

The current guideline value for Indira Nagar 13th Street in Kazhikundram village is Rs 6,600 per sq.ft, effective from 1 July 2024. This street falls under the Adayar SRO and is classified as Residential Class II Type - I.

How the guideline value of Indira Nagar 13th Street has changed

In the 2012 revision, the guideline value was Rs 6,000 per sq.ft. This figure decreased to Rs 4,020 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to the 2023 revision, there was a significant increase of 49%, bringing the value up to Rs 6,000 per sq.ft. The most recent revision in 2024 saw another increase of 10%, resulting in the current guideline value of Rs 6,600 per sq.ft.

The register does not have 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 that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 12,700 per sq.ft. The median guideline value for these streets is Rs 6,600 per sq.ft, which is equal to the current guideline value of Indira Nagar 13th Street.

• Indira Nagar 13th Cross Street: Rs 6,600 per sq.ft (2024)
• Indira Nagar 14th Cross Street: Rs 6,600 per sq.ft (2024)
• Indira Nagar 12th Cross Road: Rs 9,900 per sq.ft (2024)
• Indira Nagar 15th Cross Street: Rs 6,600 per sq.ft (2024)
• Indira Nagar 11th Cross Street: Rs 6,600 per sq.ft (2024)
• Indira Nagar 1st Avenue Extension: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Indira Nagar 13th 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 be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total fees to Rs 5,94,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Indira Nagar 13th Street?

The Sub Registrar Office that covers Indira Nagar 13th Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for further assistance.

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

The guideline value is an essential factor when buying or selling property in Kazhikundram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Indira Nagar 13th Street?

The current guideline value of Indira Nagar 13th Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen various changes, starting from Rs 6,000 in 2012, decreasing to Rs 4,020 in 2017, then rising to Rs 6,000 in 2023, and finally reaching Rs 6,600 in 2024.

What is the land classification for Indira Nagar 13th Street?

Indira Nagar 13th Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000, and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000.

Where is the Sub Registrar Office located for this street?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, and it handles registrations for Indira Nagar 13th Street.