Guideline Value for IDPL NAGAR

Idpl Nagar guideline value

The current guideline value of Idpl Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024. This area falls under Tambaram village and is governed by the Tambaram Joint 1 SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Idpl Nagar has changed

The guideline value for Idpl Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 804 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

In the subsequent revisions, the value increased significantly. The 2023 revision was Rs 1,200 per sq.ft, which represented a 49% increase from the previous figure. The most recent revision in 2024 raised the guideline value to Rs 1,320 per sq.ft, marking a 10% increase from 2023. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Tambaram

In Tambaram village, there are 360 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 8,250 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value of Idpl Nagar is below this median.

• IDPL Nagar Ext: Rs 1,320 per sq.ft (2024)
• Indira Colony: Rs 1,320 per sq.ft (2024)
• Haritha Enclave 9th Street: Rs 3,300 per sq.ft (2024)
• Haritha Enclave 8th Street: Rs 3,300 per sq.ft (2024)
• Haritha Enclave 7th Street: Rs 3,300 per sq.ft (2024)
• Haritha Enclave 6th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Idpl Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total charges to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Idpl Nagar?

Idpl Nagar is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Tambaram. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for the sale price. If the sale price is lower than the guideline value, the higher amount will be used for calculating the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Idpl Nagar?

The current guideline value of Idpl Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024, representing a 10% increase. It was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012.

What is the land classification for Idpl Nagar?

Idpl Nagar is classified as Residential Class II Type - I, which indicates the type of residential development permitted in the area.

What are the stamp duty and registration fees for property in Idpl Nagar?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot at the current rate, the total charges would be Rs 1,18,800.

Which Sub Registrar Office covers Idpl Nagar?

Idpl Nagar is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, Chengalpattu zone.