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Guideline Value

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Guideline Value for Indira Nagar 2nd Avenue Extension

₹7700/sq.ft.

The guideline value for Indira Nagar 2nd Avenue Extension in Kazhikundram village (Adayar SRO, Chennai zone) is Rs 7700 per sq.ft, effective 1 July 2024. It was Rs 7000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kazhikundram

Village

Adayar

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹7700 /sq.ft.
From 1-4-2023 ₹7000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4690 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹7000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 ₹1600 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.161(71/6), L.b Road (dr.muthulakshmi Salai) Tnhb Building,third Floor,thiruvanmiyur,chennai-600041
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 2nd Avenue Extension

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Indira Nagar 2nd Avenue Extension guideline value

The current guideline value of Indira Nagar 2nd Avenue Extension is Rs 7,700 per sq.ft, effective from 1 July 2024. This property is located in Kazhikundram village and falls under the Adayar SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Indira Nagar 2nd Avenue Extension has changed

The guideline value for Indira Nagar 2nd Avenue Extension has seen several revisions over the years. In 2003, the guideline value was Rs 1,600 per sq.ft, which increased significantly to Rs 7,000 per sq.ft in 2012. However, it then decreased to Rs 4,690 per sq.ft in 2017. The value rose again to Rs 7,000 per sq.ft in 2023, and most recently, it has increased to Rs 7,700 per sq.ft in the 2024 revision. Notably, there are no figures available for the years 2002 and 2007 in the register for this street.

From 2017 to 2023, there was a substantial increase of 49%. The latest revision from 2023 to 2024 reflects a 10% increase. Overall, from 2003 to 2024, the guideline value has increased by 381%.

Guideline values in Kazhikundram

In Kazhikundram, there are 68 streets under the Adayar SRO with 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, placing Indira Nagar 2nd Avenue Extension above this median.

Stamp duty and registration fee for property in Indira Nagar 2nd Avenue Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value would be Rs 77,00,000. The stamp duty at 7% would amount to Rs 5,39,000, while the registration fee at 2% would be Rs 1,54,000. Together, the total cost for stamp duty and registration fee would be Rs 6,93,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Indira Nagar 2nd Avenue Extension?

The Indira Nagar 2nd Avenue Extension falls under the Adayar Sub Registrar Office located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for additional information.

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

The guideline value is a critical factor when buying or selling property in Kazhikundram. It serves as a benchmark for determining the registration fees and stamp duty that must be paid during the transaction process. Buyers and sellers should be aware of the guideline value to ensure compliance with the registration requirements.

When a property is registered, the guideline value is used to assess the applicable duties. This ensures that the government receives the appropriate revenue based on the value of the property being transferred. Therefore, understanding the guideline value is essential for anyone involved in real estate transactions in this area.

Frequently asked questions

What is the current guideline value of Indira Nagar 2nd Avenue Extension?

The current guideline value of Indira Nagar 2nd Avenue Extension is Rs 7,700 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 1,600 per sq.ft in 2003 to Rs 7,700 per sq.ft in 2024. The most recent increase was from Rs 7,000 per sq.ft in 2023 to Rs 7,700 per sq.ft in 2024.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at the current rate, the total cost for stamp duty and registration would be Rs 6,93,000.

Which office handles the registration of properties in Indira Nagar 2nd Avenue Extension?

The Adayar Sub Registrar Office handles the registration of properties in Indira Nagar 2nd Avenue Extension, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the significance of the guideline value when buying property?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the appropriate revenue is collected based on the property's value.