Guideline Value

Corporate

Guideline Value for Indira Nagar 3rd Main Road

₹7700/sq.ft.

The guideline value for Indira Nagar 3rd Main Road 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 3rd Main Road

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Indira Nagar 3rd Main Road guideline value

The current guideline value of Indira Nagar 3rd Main Road is Rs 7,700 per sq.ft, effective from 1 July 2024. This road is located in Kazhikundram village, under the Adayar Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - I.

How the guideline value of Indira Nagar 3rd Main Road has changed

Over the years, the guideline value of Indira Nagar 3rd Main Road has seen significant changes. In the 2007 revision, the value was Rs 3,000 per sq.ft. This increased to Rs 7,000 per sq.ft in the 2012 revision, marking a substantial rise of 133%. However, in the 2017 revision, the value decreased to Rs 4,690 per sq.ft, a drop of 33%. The 2023 revision brought the value back up to Rs 7,000 per sq.ft, and the most recent 2024 revision set it at Rs 7,700 per sq.ft, reflecting a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from 2007 to 2024, the guideline value has risen by 157%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kazhikundram

Kazhikundram 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 guideline value for these streets is Rs 6,600 per sq.ft, making the 2024 guideline value of Indira Nagar 3rd Main Road above this median.

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

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

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Indira Nagar 3rd Main Road?

The Sub Registrar Office that covers Indira Nagar 3rd 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 details.

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

The guideline value plays a crucial role in property transactions within Kazhikundram. When a property is registered, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider this value to ensure compliance with legal requirements during the sale process.

Additionally, the guideline value serves as a benchmark for property pricing in the area. It helps in assessing the fair value of properties, ensuring that both buyers and sellers have a clear understanding of the expected costs associated with property transactions.

Frequently asked questions

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

The current guideline value of Indira Nagar 3rd Main Road is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 3,000 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 157% over the years.

What is the median guideline value in Kazhikundram?

The median guideline value for the 68 streets in Kazhikundram is Rs 6,600 per sq.ft, which is below the current value of Indira Nagar 3rd Main Road.

How is stamp duty calculated on properties?

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

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

The Adayar Sub Registrar Office covers Indira Nagar 3rd Main Road and is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.