Guideline Value

Corporate

Guideline Value for Indira Nagar 2nd Main Road

₹2800/sq.ft.

The guideline value for Indira Nagar 2nd 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 2nd Main Road

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Indira Nagar 2nd Main Road guideline value

The current guideline value of Indira Nagar 2nd Main Road is Rs 2,800 per sq.ft, effective from 1 July 2024. This road is located in Adambakkam village under the Alandur SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Indira Nagar 2nd Main Road has changed

The guideline value for Indira Nagar 2nd Main Road has undergone several revisions over the years. Starting with the 2002 revision, the value was Rs 253 per sq.ft. This increased to Rs 289 per sq.ft in 2003, marking a 14% rise. The value then saw a significant jump to Rs 650 per sq.ft in 2007, which was a 125% increase. In 2012, the value was revised to Rs 2,500 per sq.ft, reflecting a 285% increase from the previous revision. However, this value decreased to Rs 1,675 per sq.ft in 2017, showing a decline of 33%. The 2023 revision set the value at Rs 2,500 per sq.ft, and the most recent revision in 2024 has raised it to Rs 2,800 per sq.ft, a 12% increase.

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

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 guideline value of Indira Nagar 2nd Main Road below this median.

Stamp duty and registration fee for property in Indira Nagar 2nd 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 amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000. Therefore, the total cost for stamp duty and registration fee together would be Rs 2,52,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Indira Nagar 2nd Main Road?

The Sub Registrar Office that covers Indira Nagar 2nd Main Road is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Adambakkam. It serves as a reference point for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation of the property.

When buying or selling property, the guideline value helps in determining the minimum price at which the property can be registered. This ensures transparency in property transactions and aids in the assessment of the associated fees.

Frequently asked questions

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

The current guideline value of Indira Nagar 2nd 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, reflecting an overall increase of 1007% over the years.

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

Other streets in Adambakkam with the same guideline value of Rs 2,800 per sq.ft for 2024 include Indira Nagar 2nd Cross Street, Indira Nagar 3rd Cross Street, Indira Nagar 1st Main Road, Indira Nagar 3rd Main Road, Indira Nagar 1st Cross Street, and Indira Nagar 4th Cross Street.

Where can I find the Sub Registrar Office for Indira Nagar 2nd Main Road?

The Sub Registrar Office for Indira Nagar 2nd Main Road is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for properties in Indira Nagar 2nd Main Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 at a rate of 7%.