Guideline Value

Corporate

Guideline Value for Indira Nagar Annex

₹1100/sq.ft.

The guideline value for Indira Nagar Annex in Puzhal village (Redhills SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 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

Puzhal

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /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)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Annex

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Indira Nagar Annex guideline value

The current guideline value of Indira Nagar Annex is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Puzhal village under the Redhills SRO and is classified as Residential Class II Type - I.

How the guideline value of Indira Nagar Annex has changed

The guideline value for Indira Nagar Annex has seen several revisions over the years. The 2007 revision recorded a value of Rs 300 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, the value then decreased to Rs 536 per sq.ft in 2017. The following revision in 2023 raised the guideline value to Rs 1,000 per sq.ft, and the latest revision in 2024 has set it at Rs 1,100 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 267%. Notably, the increase from 2017 to 2023 was 87%, followed by a 10% rise from 2023 to 2024. The change from 2012 to 2017 was a decrease of 33%, while the jump from 2007 to 2012 was a remarkable increase of 167%.

Guideline values in Puzhal

Puzhal village has a total of 270 streets under the Redhills SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 1,102 per sq.ft, placing Indira Nagar Annex's 2024 figure slightly below this median.

Stamp duty and registration fee for property in Indira Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Indira Nagar Annex?

The Indira Nagar Annex falls under the jurisdiction of the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Puzhal. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When you buy or sell property, the guideline value helps determine the legal obligations regarding taxes and fees. It is essential to be aware of the current guideline value to accurately assess the financial implications of a property transaction.

Frequently asked questions

What is the current guideline value of Indira Nagar Annex?

The current guideline value of Indira Nagar Annex is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 267% over the years.

What are the stamp duty and registration fees for properties in Indira Nagar Annex?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total costs would amount to Rs 99,000.

Which Sub Registrar Office covers Indira Nagar Annex?

The Redhills Sub Registrar Office covers Indira Nagar Annex, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the median guideline value for streets in Puzhal?

The median guideline value for streets in Puzhal is Rs 1,102 per sq.ft, with Indira Nagar Annex's value being slightly below this median.