Guideline Value for Indira Nagar 14th Cross Street

Indira Nagar 14th Cross Street guideline value

The current guideline value of Indira Nagar 14th 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 14th Cross Street has changed

The guideline value for Indira Nagar 14th 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 climb, reaching Rs 2,750 per sq.ft in 2007, which was a 72% increase from the previous year. By 2012, the value had risen to Rs 6,000 per sq.ft, reflecting a substantial increase of 118% from 2007. However, in 2017, the value dropped to Rs 4,020 per sq.ft, a decrease of 33% from 2012. The guideline value then rose to Rs 6,000 per sq.ft in 2023, before reaching the current value of Rs 6,600 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 834%. There are no figures for the revisions in years other than those specified for this street.

Guideline values in Kazhikundram

Kazhikundram village has a total of 68 streets under the Adayar SRO, with the 2024 guideline values ranging from Rs 2,800 to Rs 12,700 per sq.ft. The median guideline value for the village is Rs 6,600 per sq.ft, which is the same as the current guideline value for Indira Nagar 14th Cross Street.

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

Stamp duty and registration fee for property in Indira Nagar 14th 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 be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total cost for these fees to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Indira Nagar 14th Cross Street?

The Sub Registrar Office that covers Indira Nagar 14th Cross Street 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 is a crucial factor when registering property in Kazhikundram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When a property is bought or sold, the guideline value is used to calculate the applicable fees. It is essential to refer to the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Indira Nagar 14th Cross Street?

The current guideline value of Indira Nagar 14th 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 this period.

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.

Which Sub Registrar Office is responsible for Indira Nagar 14th Cross Street?

The Adayar Sub Registrar Office is responsible for Indira Nagar 14th Cross Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the land classification for Indira Nagar 14th Cross Street?

The land classification for Indira Nagar 14th Cross Street is Residential Class II Type - I.