Guideline Value for INDHIRA NAGAR

Indhira Nagar guideline value

The current guideline value of Indhira Nagar, located in Voyalur village under the Ponneri SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Indhira Nagar has changed

In the 2017 revision, the guideline value was set at Rs 67 per sq.ft. This figure saw a significant increase in the following revisions, with the 2023 revision maintaining the value at Rs 100 per sq.ft, reflecting a 49% increase from the 2017 figure. The 2024 revision also holds the guideline value at Rs 100 per sq.ft, indicating no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Voyalur

In Voyalur, there are 17 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 150 per sq.ft, with a median value of Rs 100 per sq.ft. Indhira Nagar's 2024 figure aligns with this median.

• Hindustan Nagar: Rs 126 per sq.ft (2024)
• Green City: Rs 126 per sq.ft (2024)
• Globel City: Rs 126 per sq.ft (2024)
• Global City Phase-I: Rs 100 per sq.ft (2024)
• J.P.Nagar: Rs 100 per sq.ft (2024)
• Ganapathy Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Indhira Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total to Rs 9,000. It is important to note that 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 Indhira Nagar?

The Sub Registrar Office that covers Indhira Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Voyalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property transaction occurs.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for both the buyer and the seller. This value is utilized by the registration authorities to calculate the applicable fees based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Indhira Nagar?

The current guideline value of Indhira Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2017 revision of Rs 67 per sq.ft, the guideline value increased to Rs 100 per sq.ft in both the 2023 and 2024 revisions, marking a 49% increase overall from 2017 to 2024.

What is the land classification of Indhira Nagar?

Indhira Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where is the Sub Registrar Office for Indhira Nagar located?

The Sub Registrar Office for Indhira Nagar is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is stamp duty calculated for properties in Indhira Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 1,00,000 would incur a stamp duty of Rs 7,000 at 7%.