Guideline Value for INDHU GARDEN (SA)

Indhu Garden (Sa) guideline value

The current guideline value of Indhu Garden (Sa) is Rs 660 per sq.ft, effective from 1 July 2024. This property is located in Sattamangalam village under the Chengleput Joint II SRO and is classified as Residential Class I Type - III.

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 earliest recorded figure is from 2012, where the value was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017. In 2023, the value increased to Rs 600 per sq.ft, and the most recent revision in 2024 set the value at Rs 660 per sq.ft. The register has no figure for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. The overall change from 2012 to 2024 shows a modest increase of 10% in the guideline value.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, making the guideline value of Indhu Garden (Sa) below this 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 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, making the total fees together Rs 59,400. It is important 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 assistance.

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 Sattamangalam

The guideline value is a crucial factor during the registration of property transactions in Sattamangalam. It determines the minimum price at which a property can be registered, ensuring that the stamp duty and registration fees are calculated accurately based on this value.

When buying or selling property, the guideline value acts as a benchmark for the transaction. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations and to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Indhu Garden (Sa) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 6,60,000. The stamp duty is Rs 46,200, and the registration fee is Rs 13,200, totaling Rs 59,400.

Which Sub Registrar Office covers Indhu Garden (Sa)?

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

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

Indhu Garden (Sa) is classified as Residential Class I Type - III, indicating its suitability for residential development.