Guideline Value

Corporate

Guideline Value for Indira Nagar 3rd Lane

₹6600/sq.ft.

The guideline value for Indira Nagar 3rd Lane in Kazhikundram village (Adayar SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kazhikundram

Village

Adayar

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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 3rd Lane

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Indira Nagar 3rd Lane guideline value

The current guideline value of Indira Nagar 3rd Lane is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Kazhikundram village, under the Adayar SRO, and is classified as Residential Class II Type - I.

How the guideline value of Indira Nagar 3rd Lane has changed

In the 2012 revision, the guideline value was Rs 6,000 per sq.ft. This figure decreased to Rs 4,020 per sq.ft in the 2017 revision, marking a decline of 33%. The guideline value then saw a significant increase in the 2023 revision, rising to Rs 6,000 per sq.ft, followed by another increase to Rs 6,600 per sq.ft in the 2024 revision, which is a 10% rise from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 10%.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Kazhikundram

Kazhikundram village has 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 guideline value for these streets is Rs 6,600 per sq.ft, which is equal to the current figure for Indira Nagar 3rd Lane.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, while the registration fee at 2% would be Rs 1,32,000. Together, the total cost for stamp duty and registration fees would be Rs 5,94,000. Remember, the 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 more precise calculations.

Which Sub Registrar Office covers Indira Nagar 3rd Lane?

The Indira Nagar 3rd Lane falls under 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 critical factor in the registration process of property transactions in Kazhikundram. It serves as a baseline for determining the stamp duty and registration fees that buyers must pay when purchasing property.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and fairly, reflecting the official value set by the government. This valuation aids in maintaining transparency in property dealings within the area.

Frequently asked questions

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

The current guideline value of Indira Nagar 3rd Lane is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,000 per sq.ft in 2012 to Rs 4,020 per sq.ft in 2017, then back to Rs 6,000 per sq.ft in 2023, and finally to Rs 6,600 per sq.ft in 2024.

What is the median guideline value in Kazhikundram?

The median guideline value in Kazhikundram for 2024 is Rs 6,600 per sq.ft, which is the same as the guideline value for Indira Nagar 3rd Lane.

What are the stamp duty rates for property in Indira Nagar 3rd Lane?

The stamp duty rate for property in Indira Nagar 3rd Lane is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Indira Nagar 3rd Lane?

The Sub Registrar Office covering Indira Nagar 3rd Lane is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.