Guideline Value

Corporate

Guideline Value for NEW INDIRA NAGAR

₹750/sq.ft.

The guideline value for New Indira Nagar in Thiruninravur-a village (Avadi SRO, Chennai zone) is Rs 750 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-a

Village

Avadi

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹750 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
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, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[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 New Indira Nagar

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New Indira Nagar guideline value

The current guideline value of New Indira Nagar is Rs 750 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-A village, under the Avadi SRO, and is classified as Residential Class II Type - III.

How the guideline value of New Indira Nagar has changed

The guideline value for New Indira Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 750 per sq.ft, which is an increase from Rs 700 per sq.ft in 2023, marking a change of +7%. Prior to that, in 2017, the guideline value was Rs 469 per sq.ft, reflecting a significant increase of +49% to the 2023 figure. The overall change from the 2017 revision to the current 2024 value is +60%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,750 per sq.ft. The median value for these streets is Rs 750 per sq.ft, which is equal to the current guideline value of New Indira Nagar.

Stamp duty and registration fee for property in New Indira Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total fees to Rs 67,500. 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 details.

Which Sub Registrar Office covers New Indira Nagar?

The Sub Registrar Office that covers New Indira Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value plays a crucial role in the registration process when buying or selling property in Thiruninravur-A. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

Buyers and sellers should be aware that the guideline value is an official benchmark set by the government, and it is essential for ensuring that the property transaction is legally compliant. It helps in assessing the value of the property for taxation purposes.

Frequently asked questions

What is the current guideline value of New Indira Nagar?

The current guideline value of New Indira Nagar is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 750 per sq.ft in 2024, marking an overall increase of +60%. The value was Rs 700 per sq.ft in 2023.

What is the land classification of New Indira Nagar?

New Indira Nagar is classified as Residential Class II Type - III, which indicates its intended use for residential purposes.

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

The Sub Registrar Office for New Indira Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in New Indira Nagar?

Stamp duty for properties in New Indira Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 52,500 at the current guideline value of Rs 750 per sq.ft.