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Guideline Value

Corporate

Guideline Value for Indira Nagar 2nd Avenue

₹7700/sq.ft.

The guideline value for Indira Nagar 2nd Avenue 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 ₹3000 /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)

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

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Indira Nagar 2nd Avenue guideline value

The current guideline value of Indira Nagar 2nd Avenue is Rs 7,700 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 I Type - I.

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

The guideline value for Indira Nagar 2nd Avenue has seen several revisions over the years. Starting from Rs 3,000 per sq.ft in 2007, it increased to Rs 7,000 per sq.ft in 2012, which was a 133% rise. However, it then decreased to Rs 4,690 per sq.ft in 2017, marking a decline of 33%. The value then rose significantly to Rs 7,000 per sq.ft in 2023, and currently stands at Rs 7,700 per sq.ft following a 10% increase in 2024.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, there has been a substantial increase of 157% in the guideline value. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kazhikundram

Kazhikundram village has a range of guideline values across its 68 streets under the Adayar SRO, with figures ranging from Rs 2,800 to Rs 12,700 per sq.ft. The median guideline value in this area is Rs 6,600 per sq.ft, placing Indira Nagar 2nd Avenue above that median at Rs 7,700 per sq.ft.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, bringing the total to Rs 6,93,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Indira Nagar 2nd Avenue?

The Sub Registrar Office that covers Indira Nagar 2nd Avenue is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Kazhikundram, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to ensure that the sale price is not lower than the guideline value, as this could lead to legal complications and additional costs during the registration process.

Frequently asked questions

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

The current guideline value of Indira Nagar 2nd Avenue is Rs 7,700 per sq.ft, effective from 1 July 2024.

How often does the guideline value get revised?

The guideline value is revised periodically, with the most recent revision occurring in 2024. Previous revisions were made in 2023, 2017, 2012, and 2007.

What is the land classification for Indira Nagar 2nd Avenue?

Indira Nagar 2nd Avenue is classified as Residential Class I Type - I, indicating its use for residential purposes.

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.

How is the stamp duty calculated for properties in Kazhikundram?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 77,00,000, the stamp duty would be Rs 5,39,000 at a rate of 7%.