Guideline Value for INDHU GARDEN (SA)

Indhu Garden (Sa) guideline value

The current guideline value of Indhu Garden (Sa) is Rs 550 per sq.ft, effective from 1 July 2024. This property is located in Peramanoor 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

Over the years, the guideline value of Indhu Garden (Sa) has seen several revisions. In 2012, the guideline value was Rs 500 per sq.ft. This figure remained the same until the 2017 revision, which reduced it to Rs 335 per sq.ft, reflecting a decrease of 33%. The value then increased significantly to Rs 500 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the value at Rs 550 per sq.ft, a 10% increase from the previous year.

The register has no 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 Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, making Indhu Garden (Sa) below that median.

• India Piston (Pa): Rs 660 per sq.ft (2024)
• Imayavaramban Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Indira Ganthi Nagar (N): Rs 661 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 rate of Rs 550 per sq.ft, the guideline value amounts to Rs 5,50,000. The stamp duty, charged at 7%, would be Rs 38,500, while the registration fee at 2% would be Rs 11,000, bringing the total to Rs 49,500. It is important to note that 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 more details.

Which Sub Registrar Office covers Indhu Garden (Sa)?

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

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

The guideline value is a critical factor in property transactions in Peramanoor. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, it is essential to consider the guideline value, as it can influence the overall costs involved in the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on this value or the sale price, whichever is higher.

Frequently asked questions

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

The current guideline value of Indhu Garden (Sa) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

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

Indhu Garden (Sa) is classified as Residential Class II Type - II.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a 1,000 sq.ft plot at Rs 550 per sq.ft would incur a total cost of Rs 49,500 in fees.