Guideline Value for I.H.F.D NAGAR

I.H.F.D Nagar guideline value

The current guideline value of I.H.F.D Nagar, located in Adhanoor village, is Rs 1,000 per sq.ft, effective from 1 July 2024. This area falls under the Gooduvancheri SRO and is classified as Residential Special Type - I.

How the guideline value of I.H.F.D Nagar has changed

The guideline value for I.H.F.D Nagar has undergone several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 1,000 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 670 per sq.ft, indicating a significant increase of 49% from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only revisions available are from 2017, 2023, and 2024.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 670 to Rs 3,000 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, which is equal to the 2024 figure for I.H.F.D Nagar. Below are the guideline values for other streets in Adhanoor:

• Guru Gnanesh Nagar: Rs 1,000 per sq.ft (2024)
• Jasmine Nagar (I,II): Rs 1,000 per sq.ft (2024)
• Jawaharayia Nagar: Rs 1,000 per sq.ft (2024)
• Jayalakshmi Dr.City: Rs 1,000 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 1,000 per sq.ft (2024)
• Jayalakshmi Nagar Annex-1: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in I.H.F.D Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers I.H.F.D Nagar?

The I.H.F.D Nagar area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Adhanoor. When buying or selling property, this value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

It is crucial for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of property transactions. The guideline value reflects the official assessment of property value in the area, which is necessary for accurate financial planning during a sale or purchase.

Frequently asked questions

What is the current guideline value of I.H.F.D Nagar?

The current guideline value of I.H.F.D Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained the same at Rs 1,000 per sq.ft from 2023 to 2024. It increased from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, marking a 49% increase.

What is the land classification for I.H.F.D Nagar?

I.H.F.D Nagar is classified as Residential Special Type - I, indicating its designated use for residential purposes.

Where can I find the Sub Registrar Office for I.H.F.D Nagar?

The Gooduvancheri Sub Registrar Office covers I.H.F.D Nagar and is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in I.H.F.D Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 10,00,000 would incur a stamp duty of Rs 70,000 at 7%.