Guideline Value for INDHIRA NAGAR

Indhira Nagar guideline value

The current guideline value for Indhira Nagar, located in Mathuranthagam village under the Madurandakam SRO, is Rs 1,110 per sq.ft, effective from 1 July 2024. This classification falls under Residential Special Type - I.

How the guideline value of Indhira Nagar has changed

The guideline value for Indhira Nagar has seen significant changes over the years. In 2007, the guideline value was Rs 250 per sq.ft, which increased dramatically to Rs 1,000 per sq.ft in 2012, marking a rise of 300%. However, this value decreased to Rs 670 per sq.ft in 2017, a decline of 33%. Following that, the value rose again to Rs 1,000 per sq.ft in 2023, and then to the current figure of Rs 1,110 per sq.ft in 2024, reflecting an increase of 11%.

Overall, from 2007 to 2024, the guideline value has increased by 344%. It is important to note that the register has no figure for the years 2002 and 2003 for this street.

Guideline values in Mathuranthagam

In Mathuranthagam village, there are a total of 109 streets under the Madurandakam SRO with a 2024 guideline value ranging from Rs 440 to Rs 1,480 per sq.ft. The median value is Rs 1,100 per sq.ft, and the guideline value for Indhira Nagar is above this median.

• Hospital Road: Rs 1,110 per sq.ft (2024)
• Hospital Nagar: Rs 660 per sq.ft (2024)
• Gst Road Bazaar Street: Rs 1,110 per sq.ft (2024)
• Jayam Nagar: Rs 1,110 per sq.ft (2024)
• Gokulam Nagar: Rs 555 per sq.ft (2024)
• Gandhinagar Periya Colony: Rs 660 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 1,110 per sq.ft, the total guideline value amounts to Rs 11,10,000. The stamp duty at 7% would be Rs 77,700, and the registration fee at 2% would be Rs 22,200, bringing the total to Rs 99,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Indhira Nagar?

The Sub Registrar Office that covers Indhira Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Mathuranthagam. It serves as the benchmark for determining the stamp duty and registration fees that must be paid during the transaction. Buyers should be aware that these costs are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in a property transaction, it is essential to consult the guideline value to ensure compliance with local regulations. This value is updated periodically, reflecting changes in the real estate market and local economic conditions.

Frequently asked questions

What is the current guideline value of Indhira Nagar?

The current guideline value of Indhira Nagar is Rs 1,110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 1,110 per sq.ft in 2024, showing an overall increase of 344% over the years.

What is the median guideline value in Mathuranthagam?

The median guideline value in Mathuranthagam is Rs 1,100 per sq.ft, with Indhira Nagar's value being above this median.

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

For a property valued at Rs 11,10,000, the stamp duty would be Rs 77,700 and the registration fee would be Rs 22,200, totaling Rs 99,900.

Which office handles property registrations for Indhira Nagar?

The Madurandakam Sub Registrar Office handles property registrations for Indhira Nagar, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.