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Guideline Value

Corporate

Guideline Value for Indira Nagar 5th Cross Road

₹6600/sq.ft.

The guideline value for Indira Nagar 5th 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 ₹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)

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 5th Cross Road

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Indira Nagar 5th Cross Road guideline value

The current guideline value of Indira Nagar 5th Cross Road is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Kazhikundram village under the Adayar SRO, classified as Residential Class II Type - I.

How the guideline value of Indira Nagar 5th Cross Road has changed

Over the years, the guideline value of Indira Nagar 5th Cross Road has seen significant changes. The 2007 revision recorded a value of Rs 2,200 per sq.ft, which increased to Rs 6,000 per sq.ft in 2012, marking a substantial rise of 173%. However, the value then decreased to Rs 4,020 per sq.ft in 2017, a drop of 33%. The 2023 revision set the value at Rs 6,000 per sq.ft, before the current 2024 revision raised it to Rs 6,600 per sq.ft, reflecting a 10% increase.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 200%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kazhikundram

In Kazhikundram, there are 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 value is Rs 6,600 per sq.ft, which is equal to the current value of Indira Nagar 5th Cross Road.

Stamp duty and registration fee for property in Indira Nagar 5th 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 amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, while the registration fee at 2% would be Rs 1,32,000, bringing the total fees together to Rs 5,94,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Indira Nagar 5th Cross Road?

The Sub Registrar Office covering Indira Nagar 5th 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 during property registration in Kazhikundram. It is used to determine the stamp duty and registration fees applicable to a property transaction, ensuring that the fees are calculated based on the official valuation of the property.

When buying or selling property, the guideline value ensures transparency and standardization in the registration process. Buyers and sellers must be aware of the current guideline value to accurately assess the costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Indira Nagar 5th Cross Road?

The current guideline value of Indira Nagar 5th 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 significantly, from Rs 2,200 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, reflecting a total increase of 200% over the years.

What is the stamp duty for properties in Indira Nagar 5th Cross Road?

The stamp duty for properties is calculated at 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000.

Which office handles property registrations in this area?

The Adayar Sub Registrar Office handles property registrations for Indira Nagar 5th Cross Road, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the significance of the guideline value in property transactions?

The guideline value is essential for determining the stamp duty and registration fees during property transactions. It ensures that all parties are aware of the official valuation of the property being bought or sold.