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Guideline Value

Corporate

Guideline Value for Indira Nagar 4th Cross Road

₹6600/sq.ft.

The guideline value for Indira Nagar 4th Cross Road 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 4th Cross Road

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Indira Nagar 4th Cross Road guideline value

The current guideline value of Indira Nagar 4th Cross Road is Rs 6,600 per sq.ft, effective from 1 July 2024. This road 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 4th Cross Road has changed

Over the years, the guideline value of Indira Nagar 4th Cross Road has seen several revisions. The 2012 revision set the value at Rs 6,000 per sq.ft, which then decreased to Rs 4,020 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 6,000 per sq.ft in the 2023 revision, and further rose to Rs 6,600 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 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 is Rs 6,600 per sq.ft, which is the same as the current value for Indira Nagar 4th Cross Road.

Stamp duty and registration fee for property in Indira Nagar 4th Cross Road

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, these fees would total Rs 5,94,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Indira Nagar 4th Cross Road?

The Sub Registrar Office that covers Indira Nagar 4th Cross 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 plays a crucial role in the registration process when buying or selling property in Kazhikundram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the property is not undervalued during the transaction.

When a property is sold, the registration office uses the guideline value to calculate the applicable stamp duty and registration fees. This ensures that the fees are based on a standardized value, which helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Indira Nagar 4th Cross Road?

The current guideline value of Indira Nagar 4th Cross Road 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 2023 to Rs 6,600 per sq.ft in 2024, marking a 10% increase. It was previously Rs 4,020 per sq.ft in 2017 and Rs 6,000 per sq.ft in 2012.

What is the land classification for Indira Nagar 4th Cross Road?

Indira Nagar 4th Cross Road is classified as Residential Class II Type - I, indicating its use for residential purposes.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees by using the stamp duty and registration fee calculator.

Which office handles registrations for properties in Kazhikundram?

The Adayar Sub Registrar Office handles registrations for properties in Kazhikundram. It is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.