Guideline Value for RENGANATHAPURAM (INDRA NAGAR)

Renganathapuram (Indra Nagar) guideline value

The current guideline value of Renganathapuram (Indra Nagar) is Rs 9,900 per sq.ft, effective from 1 July 2024. This area is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Renganathapuram (Indra Nagar) has changed

The guideline value for Renganathapuram (Indra Nagar) has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 837 per sq.ft, which increased to Rs 926 per sq.ft in 2003, marking a change of +11%. The value then rose significantly to Rs 1,300 per sq.ft in 2007, reflecting a +40% increase. Following this, the 2012 revision saw a decrease to Rs 9,000 per sq.ft, which was a drop of -33%. The 2017 revision brought the value back up to Rs 6,030 per sq.ft, showing a +49% increase. The 2023 revision set the value at Rs 9,000 per sq.ft, and the most recent 2024 revision has increased it to Rs 9,900 per sq.ft, reflecting a +10% change.

Overall, from 2002 to 2024, the guideline value for Renganathapuram (Indra Nagar) has increased by +1083%. There are no figures available for the revisions in years other than those listed.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft, with the median value being Rs 9,900 per sq.ft. The guideline value for Renganathapuram (Indra Nagar) is equal to this median.

• Renganathapuram: Rs 9,900 per sq.ft (2024)
• Reserve Bank Colony: Rs 9,900 per sq.ft (2024)
• Rathinam Nagar 9th West Street: Rs 9,900 per sq.ft (2024)
• Rathinam Nagar 8th West Street: Rs 9,900 per sq.ft (2024)
• Rathinam Nagar 7th West Street: Rs 9,900 per sq.ft (2024)
• Rathinam Nagar 4th West Street: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Renganathapuram (Indra Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value would be Rs 99,00,000. The stamp duty at 7% would amount to Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, resulting in a total of Rs 8,91,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Renganathapuram (Indra Nagar)?

The Sub Registrar Office that covers Renganathapuram (Indra Nagar) is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Thiruvanmiyur. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory costs incurred during the property transfer process.

When a property is sold, the guideline value ensures that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Renganathapuram (Indra Nagar)?

The current guideline value of Renganathapuram (Indra Nagar) is Rs 9,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 837 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, marking an overall increase of +1083%.

What are the other streets with the same guideline value in Thiruvanmiyur?

Other streets in Thiruvanmiyur that share the same guideline value of Rs 9,900 per sq.ft include Reserve Bank Colony, Rathinam Nagar 9th West Street, Rathinam Nagar 8th West Street, Rathinam Nagar 7th West Street, and Rathinam Nagar 4th West Street.

Where is the Sub Registrar Office for Renganathapuram (Indra Nagar) located?

The Sub Registrar Office for Renganathapuram (Indra Nagar) is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for properties in Renganathapuram (Indra Nagar)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 99,00,000, the stamp duty at 7% would be Rs 6,93,000.