Guideline Value

Corporate

Guideline Value for Indira Nagar 6th Lane

₹6600/sq.ft.

The guideline value for Indira Nagar 6th 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 ₹2500 /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 6th Lane

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Indira Nagar 6th Lane guideline value

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

How the guideline value of Indira Nagar 6th Lane has changed

The guideline value for Indira Nagar 6th Lane has seen several revisions over the years. In 2007, the value was Rs 2,500 per sq.ft, which increased significantly to Rs 6,000 per sq.ft in 2012. However, from 2012 to 2017, the value decreased to Rs 4,020 per sq.ft. The subsequent revision in 2023 raised the value to Rs 6,000 per sq.ft, and the latest revision in 2024 brought it to Rs 6,600 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

Between the revisions, the changes are notable. From 2007 to 2012, there was a remarkable increase of 140%. However, this was followed by a decrease of 33% from 2012 to 2017. The value then rose by 49% from 2017 to 2023, and the latest revision reflects a 10% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 164%.

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 equal to the current value of Indira Nagar 6th Lane.

Stamp duty and registration fee for property in Indira Nagar 6th 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, charged 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 higher of the guideline value or the sale price.

For calculating your own fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Indira Nagar 6th Lane?

The Indira Nagar 6th Lane falls under 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 an essential factor when registering property transactions in Kazhikundram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property dealings.

When a buyer purchases a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that all property transactions reflect the true value of the asset being transferred.

Frequently asked questions

What is the current guideline value of Indira Nagar 6th Lane?

The current guideline value of Indira Nagar 6th 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 2,500 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, showing an overall increase of 164% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000 and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000.

Which Sub Registrar Office covers this area?

The Adayar Sub Registrar Office covers Indira Nagar 6th Lane, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the significance of the guideline value when buying property?

The guideline value is crucial as it determines the minimum value for property registration and is used to calculate stamp duty and registration fees during property transactions.