Guideline Value for I.D.P.L Road

I.D.P.L Road guideline value

The current guideline value of I.D.P.L Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This road is located in Nandhambakkam village, under the Alandur SRO, and is classified as Residential Class I Type - III.

How the guideline value of I.D.P.L Road has changed

The guideline value for I.D.P.L Road has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 1,500 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in the 2012 revision, marking a rise of 167%. However, in the 2017 revision, the value dropped to Rs 2,680 per sq.ft, reflecting a decrease of 33%. The subsequent revision in 2023 brought the value back up to Rs 4,000 per sq.ft, and the latest revision in 2024 has set the value at Rs 4,400 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 193%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Nandhambakkam

Nandhambakkam village has 76 streets under the Alandur SRO with a 2024 guideline value range from Rs 2,200 to Rs 8,300 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, making the guideline value of I.D.P.L Road above the median.

• I.D.P.Lquarters: Rs 4,400 per sq.ft (2024)
• Harington Road: Rs 4,400 per sq.ft (2024)
• Harikrishna Colony: Rs 3,900 per sq.ft (2024)
• Gangai Amman Koil Street: Rs 3,900 per sq.ft (2024)
• Ganapathipuram Main Road: Rs 3,900 per sq.ft (2024)
• Ganapathi Puram First Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in I.D.P.L Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. Together, the total cost for these fees would be Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers I.D.P.L Road?

The I.D.P.L Road falls under the jurisdiction of the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions in Nandhambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees that need to be paid at the time of registration.

Buyers and sellers must be aware that the guideline value is subject to periodic revisions, which can affect the overall cost of property transactions. It is advisable to check the latest guideline values before proceeding with any property dealings to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of I.D.P.L Road?

The current guideline value of I.D.P.L Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 193% over the years.

What are the stamp duty and registration fees for I.D.P.L Road?

The stamp duty for a property on I.D.P.L Road is 7%, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 3,96,000.

Which Sub Registrar Office is responsible for I.D.P.L Road?

The Alandur Sub Registrar Office is responsible for I.D.P.L Road, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the median guideline value of streets in Nandhambakkam?

The median guideline value of streets in Nandhambakkam is Rs 3,900 per sq.ft, with I.D.P.L Road's value being above this median.