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 property is located in Ninna Karai 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 seen several revisions over the years. In the 2012 revision, the value was Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 400 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 440 per sq.ft, marking a 10% rise from the previous year.

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 Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. 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 1,321 per sq.ft (2024)
• Indira Ganthi Nagar (N): Rs 660 per sq.ft (2024)
• Ilawalahar Street (Ward -7): Rs 1,321 per sq.ft (2024)
• Ilavazhaganar Street (Ward -7): Rs 1,760 per sq.ft (2024)
• Ilanthiraian Street (Ward -6): Rs 1,760 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, bringing the total fees to Rs 39,600. It is important to note that the 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 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, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Ninna Karai, as it determines the stamp duty and registration fees payable at the time of registration. Buyers should be aware that the guideline value serves as a benchmark for property transactions, ensuring that the sale price is aligned with the official valuation.

When registering a property, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This process ensures transparency and compliance with local regulations during property transactions.

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 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What are the other streets in Ninna Karai with their guideline values?

Other streets in Ninna Karai include India Piston (Pa) at Rs 550 per sq.ft, Imayavaramban Street (Ward -4) at Rs 1,321 per sq.ft, and Indira Ganthi Nagar (N) at Rs 660 per sq.ft, among others.

What fees are applicable when buying property in Indhu Garden (Sa)?

When buying property in Indhu Garden (Sa), the stamp duty is charged at 7% of the guideline value, and the registration fee is 2% of the guideline value.

Which office handles the registration for Indhu Garden (Sa)?

The registration for Indhu Garden (Sa) is handled by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.