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Guideline Value

Corporate

Guideline Value for Indira Nagar 2nd Main road

₹9900/sq.ft.

The guideline value for Indira Nagar 2nd Main Road in Kazhikundram village (Adayar SRO, Chennai zone) is Rs 9900 per sq.ft, effective 1 July 2024. It was Rs 9000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kazhikundram

Village

Adayar

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹9900 /sq.ft.
From 1-4-2023 ₹9000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹6030 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹9000 /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 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 9,900 per sq.ft, effective from 1 July 2024. This road is located in Kazhikundram village and falls under the Adayar SRO. The land classification for this area is Residential Special Type - I.

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

The guideline value for Indira Nagar 2nd Main road has seen several revisions over the years. In 2007, the value was Rs 3,000 per sq.ft, which increased significantly to Rs 9,000 per sq.ft in 2012. However, it then decreased to Rs 6,030 per sq.ft in 2017. The value rose again to Rs 9,000 per sq.ft in 2023 and has now reached Rs 9,900 per sq.ft in the 2024 revision.

Between the revisions, there have been notable changes. The value increased by 200% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then increased by 49% from 2017 to 2023. The latest revision from 2023 to 2024 shows an increase of 10%. Overall, from 2007 to 2024, the guideline value has increased by 230%.

Guideline values in Kazhikundram

Kazhikundram village has a total of 68 streets under the Adayar SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 12,700 per sq.ft. The median value for these streets is Rs 6,600 per sq.ft, placing Indira Nagar 2nd Main road's value above the 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 9,900 per sq.ft, the total guideline value would be Rs 99,00,000. The stamp duty at 7% would amount to Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, bringing the total charges to Rs 8,91,000. Please note that 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 2nd Main road?

The Sub Registrar Office that covers Indira Nagar 2nd Main road is the Adayar Sub Registrar Office, 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 an important factor in property transactions in Kazhikundram. It serves as a benchmark for determining the stamp duty and registration fees payable when a property is bought or sold. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the applicable fees. This ensures that the transaction is recorded accurately and that the appropriate taxes are paid to the government.

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 9,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2007 to Rs 9,900 per sq.ft in 2024, with several revisions in between. Notable changes include a 200% increase from 2007 to 2012 and a 49% increase from 2017 to 2023.

What are the guideline values of other streets in Kazhikundram?

Other streets in Kazhikundram have guideline values ranging from Rs 2,800 to Rs 12,700 per sq.ft. For example, Indira Nagar 2nd Lane and Indira Nagar 2nd Cross Street both have a value of Rs 6,600 per sq.ft in 2024.

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 a property valued at Rs 99,00,000, the stamp duty at 7% would be Rs 6,93,000.

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 registrations for properties in the area.