Guideline Value

Corporate

Guideline Value for Indira Nagar 1st Main Road

₹2800/sq.ft.

The guideline value for Indira Nagar 1st Main Road in Adambakkam village (Alandur SRO, Chennai zone) is Rs 2800 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Adambakkam

Village

Alandur

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹2800 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹650 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹289 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹253 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[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 Main Road

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Indira Nagar 1st Main Road guideline value

The current guideline value of Indira Nagar 1st Main Road is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village, under the jurisdiction of the Alandur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Indira Nagar 1st Main Road has changed

The guideline value for Indira Nagar 1st Main Road has undergone several revisions over the years. The earliest recorded figure in the register is from 2002, when the value was Rs 253 per sq.ft. This increased to Rs 289 per sq.ft in 2003, marking a 14% rise. In 2007, the value saw a significant jump to Rs 650 per sq.ft, reflecting a 125% increase. The guideline value then changed to Rs 2,500 per sq.ft in 2012, which was a decrease of 33% from the previous figure. By 2017, the value rose again to Rs 1,675 per sq.ft, showing a 49% increase. The most recent revisions occurred in 2023, when the value reached Rs 2,500 per sq.ft, and in 2024, it increased to Rs 2,800 per sq.ft, representing a 12% rise.

Overall, from 2002 to 2024, the guideline value has increased by 1007%. There are no figures available for any other years not mentioned in this article.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, placing the 2024 figure for Indira Nagar 1st Main Road below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total cost for these fees to Rs 2,52,000. 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 detailed calculations.

Which Sub Registrar Office covers Indira Nagar 1st Main Road?

The Indira Nagar 1st Main Road falls under the jurisdiction of the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Adambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a property is sold, the buyer and seller must consider the guideline value in addition to the sale price. The stamp duty and registration fees are calculated based on whichever amount is higher, ensuring compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Indira Nagar 1st Main Road?

The current guideline value of Indira Nagar 1st Main Road is Rs 2,800 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 253 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, marking an overall increase of 1007% over this period.

What are the other streets in Adambakkam with the same guideline value?

Other streets in Adambakkam that share the same guideline value of Rs 2,800 per sq.ft include Indira Nagar 1st Cross Street, Indira Nagar 2nd Cross Street, Indira Nagar 2nd Main Road, Indira Nagar 3rd Cross Street, Indira Nagar 3rd Main Road, and Indira Nagar 4th Cross Street.

What fees are associated with buying property on Indira Nagar 1st Main Road?

When purchasing property, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find my Sub Registrar Office?

The Sub Registrar Office covering Indira Nagar 1st Main Road is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your specific SRO by visiting the provided link.