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Guideline Value

Corporate

Guideline Value for Indira Nagar 8th Cross Road

₹7700/sq.ft.

The guideline value for Indira Nagar 8th Cross Road in Kazhikundram village (Adayar SRO, Chennai zone) is Rs 7700 per sq.ft, effective 1 July 2024. It was Rs 7000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kazhikundram

Village

Adayar

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹7700 /sq.ft.
From 1-4-2023 ₹7000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4690 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹7000 /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 8th Cross Road

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Indira Nagar 8th Cross Road guideline value

The current guideline value of Indira Nagar 8th Cross Road is Rs 7,700 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 I Type - I.

How the guideline value of Indira Nagar 8th Cross Road has changed

Over the years, the guideline value for Indira Nagar 8th Cross Road has seen significant revisions. The 2007 revision set the value at Rs 2,200 per sq.ft, which increased to Rs 7,000 per sq.ft in 2012. However, there was a decrease to Rs 4,690 per sq.ft in 2017. Following this, the value rose sharply to Rs 7,000 per sq.ft in 2023, and then further increased by 10% to Rs 7,700 per sq.ft in 2024.

From 2007 to 2024, the overall increase in the guideline value is 250%. The specific changes include a 218% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kazhikundram

Kazhikundram village has 68 streets under the Adayar SRO, with guideline values ranging from Rs 2,800 to Rs 12,700 per sq.ft as of 2024. The median guideline value in the village is Rs 6,600 per sq.ft, placing Indira Nagar 8th Cross Road above this median at Rs 7,700 per sq.ft.

Stamp duty and registration fee for property in Indira Nagar 8th Cross Road

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, bringing the total to Rs 6,93,000. It is important to 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 detailed calculations.

Which Sub Registrar Office covers Indira Nagar 8th Cross Road?

The Adayar Sub Registrar Office covers Indira Nagar 8th Cross Road, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. To find your specific SRO, visit find your SRO.

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 is used to determine the stamp duty and registration fees that are payable at the time of registration. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is assessed to ensure that the transaction is recorded accurately. This helps in maintaining transparency in property transactions and ensures that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Indira Nagar 8th Cross Road?

The current guideline value of Indira Nagar 8th Cross Road is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 250% over the years.

What is the land classification of Indira Nagar 8th Cross Road?

Indira Nagar 8th Cross Road is classified as Residential Class I Type - I.

Where can I find the Adayar Sub Registrar Office?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the stamp duty calculated for properties in Indira Nagar 8th Cross Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 77,00,000, the stamp duty would be Rs 5,39,000 at 7%.