Guideline Value

Corporate

Guideline Value for Indira Nagar 4th Lane

₹6600/sq.ft.

The guideline value for Indira Nagar 4th 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 ₹2200 /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)

51, Kamaraj Avenue,second Street, Adyar, Chennai-20
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 Lane

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Indira Nagar 4th Lane guideline value

The current guideline value of Indira Nagar 4th Lane, located in Kazhikundram village under the Adayar SRO, is Rs 6,600 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Indira Nagar 4th Lane has changed

The guideline value for Indira Nagar 4th Lane has seen several revisions over the years. In 2007, the value was Rs 2,200 per sq.ft, which increased significantly to Rs 6,000 per sq.ft in 2012. However, this was followed by a decrease to Rs 4,020 per sq.ft in 2017. The value then rose sharply to Rs 6,000 per sq.ft in 2023, and currently stands at Rs 6,600 per sq.ft as of the 2024 revision. The increase from 2023 to 2024 is 10%, while the jump from 2017 to 2023 was 49%. Overall, from 2007 to 2024, the guideline value has increased by 200%.

There are no figures available for the years 2002 and 2003 for this street in the register. The fluctuations in the guideline values reflect changes in the area's classification and market conditions.

Guideline values in Kazhikundram

Kazhikundram village has a total of 68 streets under the Adayar SRO, with guideline values 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 the same as the current guideline value for Indira Nagar 4th Lane.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Indira Nagar 4th Lane?

The Sub Registrar Office that covers Indira Nagar 4th Lane 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 a crucial factor in property transactions in Kazhikundram. It serves as a benchmark for determining the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

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

The current guideline value of Indira Nagar 4th 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 undergone several revisions: Rs 2,200 in 2007, Rs 6,000 in 2012, Rs 4,020 in 2017, Rs 6,000 in 2023, and currently Rs 6,600 in 2024.

What is the land classification of Indira Nagar 4th Lane?

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

Where can I find the Sub Registrar Office for Indira Nagar 4th Lane?

The Sub Registrar Office for Indira Nagar 4th Lane is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties in Indira Nagar 4th Lane?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 66,00,000 would incur a stamp duty of Rs 4,62,000 at 7%.