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Guideline Value

Corporate

Guideline Value for Indira Nagar 3rd Cross Street

₹2800/sq.ft.

The guideline value for Indira Nagar 3rd Cross Street 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 3rd Cross Street

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Indira Nagar 3rd Cross Street guideline value

The current guideline value for Indira Nagar 3rd Cross Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village, under the Alandur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Indira Nagar 3rd Cross Street has changed

The guideline value for Indira Nagar 3rd Cross Street has seen several revisions over the years. In 2002, the value was Rs 253 per sq.ft, which increased to Rs 289 per sq.ft in 2003. Following this, the value rose significantly to Rs 650 per sq.ft in 2007, and then it jumped to Rs 2,500 per sq.ft in 2012. However, there was a decrease to Rs 1,675 per sq.ft in 2017. The value then increased to Rs 2,500 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 2,800 per sq.ft.

Overall, the changes between the revisions indicate a +1007% increase from 2002 to 2024. Notably, the increase from 2023 to 2024 was +12%, while the rise from 2017 to 2023 was +49%. The value decreased by -33% from 2012 to 2017, and there was a substantial increase of +285% from 2007 to 2012. The increase from 2003 to 2007 was +125%, and from 2002 to 2003, it was +14%. The register has no figure for any other years besides those listed.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a guideline value for 2024, ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 3,900 per sq.ft, placing Indira Nagar 3rd Cross Street's 2024 figure below that median.

Stamp duty and registration fee for property in Indira Nagar 3rd Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 2,800 per sq.ft, the 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, totaling 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 details.

Which Sub Registrar Office covers Indira Nagar 3rd Cross Street?

The Sub Registrar Office that covers Indira Nagar 3rd Cross Street 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 reference point used during the registration of property transactions in Adambakkam. It helps determine the stamp duty and registration fees that are applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the registration process is in line with the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of Indira Nagar 3rd Cross Street?

The current guideline value of Indira Nagar 3rd Cross Street 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 increased from Rs 253 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, marking a significant overall increase of +1007% over this period.

What is the median guideline value in Adambakkam?

The median guideline value for streets in Adambakkam is Rs 3,900 per sq.ft, which is higher than the current value of Indira Nagar 3rd Cross Street.

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

For a property valued at Rs 28,00,000, the total stamp duty and registration fees would amount to Rs 2,52,000, based on the current guideline value.

Where is the Alandur Sub Registrar Office located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.