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Guideline Value

Corporate

Guideline Value for Indira Nagar 7th Cross Road

₹6600/sq.ft.

The guideline value for Indira Nagar 7th 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 ₹1600 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹707 /sq.ft.
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 7th Cross Road

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Indira Nagar 7th Cross Road guideline value

The current guideline value of Indira Nagar 7th 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, and is classified as Residential Class II Type - I.

How the guideline value of Indira Nagar 7th Cross Road has changed

The guideline value for Indira Nagar 7th Cross Road has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 707 per sq.ft. This increased to Rs 1,600 per sq.ft in 2003, marking a significant rise of 126%. The value then rose to Rs 2,200 per sq.ft in 2007, an increase of 38%. In 2012, the value was Rs 6,000 per sq.ft, reflecting a substantial increase of 173% from the previous revision. However, in 2017, the value decreased to Rs 4,020 per sq.ft, showing a decline of 33%. The 2023 revision set the value at Rs 6,000 per sq.ft, which then increased by 10% to the current value of Rs 6,600 per sq.ft in 2024.

Overall, from the 2002 revision to the 2024 revision, the guideline value has increased by 834%. There are no figures available for any other revisions 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 guideline value of Indira Nagar 7th Cross Road.

Stamp duty and registration fee for property in Indira Nagar 7th 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, the total fees would be Rs 5,94,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Indira Nagar 7th Cross Road?

The Sub Registrar Office that covers Indira Nagar 7th Cross Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Kazhikundram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When a property is bought or sold, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the costs involved. This process helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Indira Nagar 7th Cross Road?

The current guideline value of Indira Nagar 7th 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 707 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 834% over the years.

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

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the same. For a 1,000 sq.ft plot, the total fees would be Rs 5,94,000.

Which office handles registrations for Indira Nagar 7th Cross Road?

The Adayar Sub Registrar Office handles registrations for Indira Nagar 7th Cross Road, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the land classification for Indira Nagar 7th Cross Road?

The land classification for Indira Nagar 7th Cross Road is Residential Class II Type - I.