Guideline Value

Corporate

Guideline Value for Indira Nagar 9th Cross Road

₹7700/sq.ft.

The guideline value for Indira Nagar 9th 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 ₹2505 /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 9th Cross Road

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Indira Nagar 9th Cross Road guideline value

The current guideline value of Indira Nagar 9th 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 it falls under the Residential Class I Type - I land classification.

How the guideline value of Indira Nagar 9th Cross Road has changed

The guideline value for Indira Nagar 9th Cross Road has seen several revisions over the years. In 2007, the guideline value was Rs 2,505 per sq.ft, which increased significantly to Rs 7,000 per sq.ft in 2012. However, this value dropped to Rs 4,690 per sq.ft in 2017. The 2023 revision marked a rise to Rs 7,000 per sq.ft, and the latest revision in 2024 shows a further increase to Rs 7,700 per sq.ft.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. The jump from 2023 to 2024 reflects a 10% rise. Overall, from 2007 to 2024, the guideline value has increased by 207%. It is important to note that 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, with a median value of Rs 6,600 per sq.ft. The guideline value for Indira Nagar 9th Cross Road is above this median, indicating a higher valuation compared to many other streets in the area.

Stamp duty and registration fee for property in Indira Nagar 9th 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 fees together 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.

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

Which Sub Registrar Office covers Indira Nagar 9th Cross Road?

The Sub Registrar Office that covers Indira Nagar 9th 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kazhikundram. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that both parties are aware of the official valuation of the property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Indira Nagar 9th Cross Road?

The current guideline value of Indira Nagar 9th 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 2,505 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 207% over the years.

What is the stamp duty for property in Indira Nagar 9th Cross Road?

The stamp duty for property in Indira Nagar 9th Cross Road is 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 77,00,000, the stamp duty would be Rs 5,39,000.

Where can I find the Sub Registrar Office for Indira Nagar 9th Cross Road?

The Adayar Sub Registrar Office covers Indira Nagar 9th Cross Road and is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What are the guideline values for other streets in Kazhikundram?

Other streets in Kazhikundram have varying guideline values, with rates ranging from Rs 2,800 to Rs 12,700 per sq.ft. Indira Nagar 9th Cross Road is valued at Rs 7,700 per sq.ft, which is above the median value of Rs 6,600 per sq.ft in the area.