Guideline Value

Corporate

Guideline Value for Indira Nagar 1st Lane

₹6600/sq.ft.

The guideline value for Indira Nagar 1st Lane 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 ₹1750 /sq.ft.
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 1st Lane

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Indira Nagar 1st Lane guideline value

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

How the guideline value of Indira Nagar 1st Lane has changed

The guideline value for Indira Nagar 1st Lane has undergone several revisions over the years. In 2007, the value was Rs 1,750 per sq.ft, which increased significantly to Rs 6,000 per sq.ft in 2012. However, it saw a decrease to Rs 4,020 per sq.ft in 2017. The value then rose to Rs 6,000 per sq.ft in 2023, and currently stands at Rs 6,600 per sq.ft from the 2024 revision.

Between the revisions, there have been notable changes. From 2007 to 2012, the value increased by 243%, followed by a decrease of 33% from 2012 to 2017. The value then rose by 49% from 2017 to 2023 and increased by 10% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value reflects an increase of 277%.

Guideline values in Kazhikundram

Kazhikundram village has 68 streets under the Adayar SRO, with guideline values ranging from Rs 2,800 to Rs 12,700 per sq.ft. The median guideline value is Rs 6,600 per sq.ft, which is equal to the current value of Indira Nagar 1st Lane.

Stamp duty and registration fee for property in Indira Nagar 1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to 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, totaling Rs 5,94,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Indira Nagar 1st Lane?

The Adayar Sub Registrar Office covers Indira Nagar 1st Lane, 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 in the registration of property transactions in Kazhikundram. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property.

When a property is sold, the guideline value helps ensure that the transaction is registered at a fair value, preventing undervaluation. Buyers and sellers should be aware of the guideline value to accurately calculate their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value for Indira Nagar 1st Lane?

The current guideline value for Indira Nagar 1st Lane is Rs 6,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2007?

Since 2007, the guideline value for Indira Nagar 1st Lane has increased by 277%, rising from Rs 1,750 per sq.ft to Rs 6,600 per sq.ft as of 2024.

What are the other streets in Kazhikundram with guideline values?

Other streets in Kazhikundram with guideline values include Indira Nagar 1st Main Road, Indira Nagar 1st Cross Street, Indira Nagar 1st Avenue Main Road, Indira Nagar 1st Avenue Extension, Indira Nagar 15th Cross Street, and Indira Nagar 14th Cross Street.

What is the registration fee for properties in Indira Nagar 1st Lane?

The registration fee for properties in Indira Nagar 1st Lane is calculated at 2% of the guideline value. For example, a property valued at Rs 66,00,000 would incur a registration fee of Rs 1,32,000.

Where can I find the Adayar Sub Registrar Office?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. This office handles the registration of properties in Indira Nagar 1st Lane.