Guideline Value

Corporate

Guideline Value for Indira Nagar

₹1550/sq.ft.

The guideline value for Indira Nagar in Srinivasapuram village (Kunrathur SRO, Chennai zone) is Rs 1550 per sq.ft, effective 1 July 2024. It was Rs 1400 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Srinivasapuram

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1550 /sq.ft.
From 1-4-2023 ₹1400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹938 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹76 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[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

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Indira Nagar guideline value

The current guideline value of Indira Nagar, located in Srinivasapuram village under the Kunrathur SRO, is Rs 1,550 per sq.ft, effective from 1 July 2024. This area falls under Residential Class I Type - I land classification.

How the guideline value of Indira Nagar has changed

The guideline value for Indira Nagar has seen significant changes over the years. In the 2003 revision, the value was Rs 76 per sq.ft, which increased to Rs 400 per sq.ft in 2007, marking a substantial increase of 426%. The value then jumped to Rs 1,400 per sq.ft in 2012, reflecting a 250% rise. However, in the 2017 revision, the value decreased to Rs 938 per sq.ft, showing a decline of 33%. The value rose again to Rs 1,400 per sq.ft in 2023, and most recently, it has increased to Rs 1,550 per sq.ft in the 2024 revision, which is an 11% increase from the previous year.

The overall change from 2003 to 2024 indicates a remarkable increase of 1939%. It is important to note that the register has no figure for the year 2002 for this street.

Guideline values in Srinivasapuram

Srinivasapuram village has a total of 39 streets under the Kunrathur SRO, with guideline values for 2024 ranging from Rs 1,550 to Rs 7,400 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Indira Nagar's 2024 figure below this median.

Stamp duty and registration fee for property in Indira Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,550 per sq.ft, the total guideline value would be Rs 15,50,000. The stamp duty at 7% would be Rs 1,08,500, and the registration fee at 2% would be Rs 31,000, bringing the total to Rs 1,39,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Indira Nagar?

The Indira Nagar area is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Srinivasapuram. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, which are mandatory for legal ownership transfer. The authorities use this value to ensure that the fees collected are in line with the current market conditions.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of property transactions. Understanding these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Indira Nagar?

The current guideline value of Indira Nagar is Rs 1,550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 76 per sq.ft in 2003 to Rs 1,550 per sq.ft in 2024, reflecting an overall increase of 1939%.

What are the other streets in Srinivasapuram with their guideline values?

Other streets in Srinivasapuram include Indira Nagar Extension, Gajalakshmi Nagar, Kamatchi amman Nagar, Kasi Avenue, Balaji Nagar Annexe, and Mariyamman Koil Street, with values ranging from Rs 1,550 to Rs 2,000 per sq.ft in 2024.

What is the stamp duty for property in Indira Nagar?

The stamp duty for property in Indira Nagar is 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would be Rs 1,08,500.

Where can I find the Sub Registrar Office for Indira Nagar?

The Sub Registrar Office covering Indira Nagar is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more information online.