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 Panangottur village under the Chengleput Joint II SRO, 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 set at Rs 400 per sq.ft. This was followed by a decrease in the 2017 revision, where the value dropped to Rs 268 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, raising the value to Rs 400 per sq.ft. The latest revision in 2024 shows a further increase of 10%, bringing the current guideline value to Rs 440 per sq.ft.

It is important to note that there are no figures available 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 Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 990 per sq.ft, placing the guideline value of 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 also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Indhu Garden (Sa)?

The Sub Registrar Office covering Indhu Garden (Sa) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Panangottur

The guideline value plays a crucial role in the registration process of property transactions in Panangottur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property being transacted. It is essential for buyers and sellers to be aware of the current guideline value to ensure a smooth registration process and to avoid any discrepancies in the transaction.

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 Panangottur and their guideline values?

Other streets in Panangottur have varying guideline values, with India Piston (Pa) at Rs 550 per sq.ft, Imayavaramban Street (Ward -4) at Rs 1,320 per sq.ft, and several others listed above.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 4,40,000, with a stamp duty of Rs 30,800 and a registration fee of Rs 8,800, totaling Rs 39,600.

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.