Guideline Value for INDHU GARDEN (SA)

Indhu Garden (Sa) guideline value

The current guideline value of Indhu Garden (Sa) is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Kattankollatur village, under the Chengleput Joint II SRO, and is classified as Residential Class II Type - II.

How the guideline value of Indhu Garden (Sa) has changed

The guideline value for Indhu Garden (Sa) has undergone several revisions over the years. The most recent revision, effective from 1 July 2024, sets the value at Rs 440 per sq.ft, up from Rs 400 per sq.ft in the 2023 revision, reflecting a 10% increase. Prior to that, in 2017, the value was Rs 268 per sq.ft, which shows a significant increase of 49% to the 2023 figure. The 2012 revision also recorded a guideline value of Rs 400 per sq.ft, indicating a decrease of 33% when compared to the 2017 figure.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft as of 2024. The median guideline value in this area is Rs 1,100 per sq.ft, placing Indhu Garden (Sa) below that median.

• India Piston (Pa): Rs 550 per sq.ft (2024)
• Imayavaramban Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Indira Ganthi Nagar (N): Rs 660 per sq.ft (2024)
• Ilawalahar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Ilavazhaganar Street (Ward -7): Rs 1,760 per sq.ft (2024)
• Ilanthiraian Street (Ward -6): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Indhu Garden (Sa)

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. It is essential 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 further calculations.

Which Sub Registrar Office covers Indhu Garden (Sa)?

The Sub Registrar Office that covers Indhu Garden (Sa) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, within the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during property registration in Kattankollatur. It serves as a benchmark for determining the minimum value of a property for the purpose of calculating stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for both buyers and sellers. It helps maintain transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Indhu Garden (Sa)?

The current guideline value of Indhu Garden (Sa) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2023 to Rs 440 per sq.ft in 2024, a 10% increase. It was Rs 268 per sq.ft in 2017 and Rs 400 per sq.ft in 2012, showing significant fluctuations over the years.

What is the land classification for Indhu Garden (Sa)?

Indhu Garden (Sa) is classified as Residential Class II Type - II, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for a property in Indhu Garden (Sa)?

For a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800, and the registration fee would be Rs 8,800, totaling Rs 39,600.

Where can I find the Sub Registrar Office for Indhu Garden (Sa)?

The Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, covers Indhu Garden (Sa).