Guideline Value for IBRAHIM NAGAR

Ibrahim Nagar guideline value

The current guideline value of Ibrahim Nagar is Rs 351 per sq.ft, effective from 1 July 2024. This area is located in Dalvaipattadai village under the Pallipattu SRO, classified as Residential Class I Type - I.

How the guideline value of Ibrahim Nagar has changed

The guideline value for Ibrahim Nagar has seen several revisions over the years. The 2017 revision recorded a value of Rs 235 per sq.ft. This figure increased significantly to Rs 351 per sq.ft in both the 2023 and 2024 revisions, marking a 49% rise from 2017 to 2023 and an overall increase of 49% from 2017 to 2024. The register has no figures for this street in the years 2002, 2003, 2007, and 2012.

From 2023 to 2024, the guideline value remained unchanged at Rs 351 per sq.ft, indicating a stable valuation for this period. The overall increase from the 2017 revision to the current 2024 figure reflects a significant adjustment in the valuation of properties in this area.

Guideline values in Dalvaipattadai

In Dalvaipattadai, six streets have a 2024 guideline value ranging from Rs 250 to Rs 605 per sq.ft, with the median value being Rs 351 per sq.ft. Ibrahim Nagar's current guideline value is equal to this median.

• Mannikkammal Nagar: Rs 300 per sq.ft (2024)
• N.S.K. Nagar: Rs 420 per sq.ft (2024)
• Sri Lakshmi Ganesh Nagar: Rs 250 per sq.ft (2024)
• Sai Baba Nagar: Rs 350 per sq.ft (2024)
• Vip City: Rs 605 per sq.ft (2024)

Stamp duty and registration fee for property in Ibrahim Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 351 per sq.ft, the total guideline value would be Rs 3,51,000. The stamp duty at 7% would amount to Rs 24,570, while the registration fee at 2% would be Rs 7,020, leading to a total of Rs 31,590. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ibrahim Nagar?

The Ibrahim Nagar area falls under the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Dalvaipattadai, as it determines the baseline for stamp duty and registration fees. When buying or selling property, the guideline value is used to calculate the applicable fees, ensuring that both parties are aware of the financial implications of the transaction.

It is crucial for buyers and sellers to be informed about the current guideline value, as it can impact the overall cost of property registration. Understanding these values helps in making informed decisions during the buying and selling process.

Frequently asked questions

What is the current guideline value of Ibrahim Nagar?

The current guideline value of Ibrahim Nagar is Rs 351 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 235 per sq.ft in 2017 to Rs 351 per sq.ft in both 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What are the guideline values of other streets in Dalvaipattadai?

Other streets in Dalvaipattadai have varying guideline values, ranging from Rs 250 to Rs 605 per sq.ft. For example, Mannikkammal Nagar is Rs 300 per sq.ft and N.S.K. Nagar is Rs 420 per sq.ft.

What fees are involved in property transactions in Ibrahim Nagar?

When registering property in Ibrahim Nagar, buyers must pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Ibrahim Nagar?

The Pallipattu Sub Registrar Office handles property registrations for Ibrahim Nagar, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.