Guideline Value for Busstand (Indira Nagar)

Busstand (Indira Nagar) guideline value

The current guideline value of Busstand (Indira Nagar) is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Thirukalukundrem A village, under the Thirukazhukundram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Busstand (Indira Nagar) has changed

The guideline value for Busstand (Indira Nagar) has seen several revisions over the years. The 2017 revision recorded a value of Rs 469 per sq.ft, which remained unchanged at Rs 700 per sq.ft in the 2023 revision. The most recent revision in 2024 also maintains the value at Rs 700 per sq.ft, indicating no change from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49% as well.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 1,344 per sq.ft, with a median value of Rs 600 per sq.ft. The guideline value of Busstand (Indira Nagar) is above this median.

• Big Street Thirukkalukundram: Rs 1,000 per sq.ft (2024)
• Big Street Kanakoilpettai: Rs 900 per sq.ft (2024)
• Big Street D.M.Pet: Rs 700 per sq.ft (2024)
• Big Street: Rs 700 per sq.ft (2024)
• Chinnakadai Street: Rs 1,100 per sq.ft (2024)
• Chinnakuttai Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Busstand (Indira Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Busstand (Indira Nagar)?

The Sub Registrar Office that covers Busstand (Indira Nagar) is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Thirukalukundrem A. It helps determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer or seller engages in a transaction, the guideline value serves as a reference point to ensure that the property is registered at a value that reflects its worth according to government standards. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Busstand (Indira Nagar)?

The current guideline value of Busstand (Indira Nagar) is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023 and 2024.

What is the median guideline value in Thirukalukundrem A?

The median guideline value in Thirukalukundrem A is Rs 600 per sq.ft, while Busstand (Indira Nagar) is above this median at Rs 700 per sq.ft.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is charged at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2% of the guideline value.

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

The Sub Registrar Office for Busstand (Indira Nagar) is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.