Guideline Value for I.N.T.U.C. Nagar

I.N.T.U.C. Nagar guideline value

The current guideline value of I.N.T.U.C. Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Kathirvedu village, under the Ambattur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of I.N.T.U.C. Nagar has changed

The guideline value for I.N.T.U.C. Nagar has seen significant changes over the years. In 2002, the value was Rs 42 per sq.ft, which increased to Rs 140 per sq.ft in 2003. Following that, the value rose to Rs 300 per sq.ft in 2007, and then it jumped to Rs 1,000 per sq.ft in 2012. However, it decreased to Rs 670 per sq.ft in 2017. The value then increased to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 2,519%. The revisions from 2012 to 2017 saw a decrease of 33%, while the increase from 2017 to 2023 was 49%. The most substantial increase occurred from 2007 to 2012, with a rise of 233%.

Guideline values in Kathirvedu

Kathirvedu village has a range of guideline values across its 78 streets under the Ambattur SRO, with the 2024 figures ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 1,500 per sq.ft, indicating that the guideline value for I.N.T.U.C. Nagar is below this median.

• INTUC now Gomathiamman Nagar: Rs 1,742 per sq.ft (2024)
• Jai Maruthi Nagar: Rs 2,000 per sq.ft (2024)
• Jai Maruthi Nagar Annex: Rs 2,700 per sq.ft (2024)
• Jayavel Nagar: Rs 1,300 per sq.ft (2024)
• Green View(Tamil Nadu Officiers Co-Operative Housing Society): Rs 1,600 per sq.ft (2024)
• John Victor Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in I.N.T.U.C. Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty charged at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that 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.N.T.U.C. Nagar?

The I.N.T.U.C. Nagar area is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Kathirvedu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps in assessing the financial obligations involved in the transaction. It is essential for buyers and sellers to be aware of the guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of I.N.T.U.C. Nagar?

The current guideline value of I.N.T.U.C. Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 42 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 2,519%.

What is the registration office for I.N.T.U.C. Nagar?

The registration office for I.N.T.U.C. Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in I.N.T.U.C. Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at a rate of 7%.

What are the other streets in Kathirvedu with guideline values?

Other streets in Kathirvedu have varying guideline values, with rates ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value in the village is Rs 1,500 per sq.ft.